Preposterous Pork from the Stimulus Bill I

by Johnny Debacle

One of the silver linings in living in crazy times, with crazy governments proposing crazy ineffective solutions to crazy problems is that it does the writing for you. In fact, satirically speaking, Long or Short is being crowded out by the government in the entire satirical abstract financial space. So we plan to roll with it. We will post each bit of preposterous pork that falls out of this stimulus bill. This feature will probably not end until 2017, given how money from the bill is being blown through money tubes to states and their representatives as we speak. We will keep track of the amounts so we can release tallies from time to time. We encourage readers to submit anything they come across that would be appropriate.

The Government will spend $400mm creating origami pigs to beautify a prison in Moscow Nebraska

Preposterous Pork From the Stimulus Bill I

Line Item: $198 million for Filipino veterans of WWII
Source: NY Times –> Filipino Veterans Benefit in Stimulus Bill
Rationale: These veterans fought under US command in WWII and it was implied they would be compensated, yet haven’t been.
Preposterous?!: “Supporters of the provision, originally inserted by Senator Daniel K. Inouye, Democrat of Hawaii, said that they did not expect the payments to do much to stimulate the economy, but that it was a way to bypass opponents who had blocked payments in the past.”

Paying these Filipinos is likely just, but the timing is inappropriate and will have negligible stimulative impact. This is an example of the mega-tarp effect in action — every and any pet project can be thrown under this bill. It will be adverse selection, wherein every earmark that shouldn’t, and couldn’t, have passed in normal times will get pushed through under the guise of how critical this entire bill is to the country. This sucks.

HT to an anonymous Dealbreaker commenter

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