With the Market Stabilization bill taking all of the headlines, the Democratic leadership is crafting another spending bill, which is being kept secret as long as possible. Much of the spending is for already approved plans and agencies, but already there is leaked news of significant pork being slipped into the bill for stealth passage. This includes the loan guarantees for the Big 3, and a doubling of an already 5 Billion dollar heating oil subsidy.
(Side note: When I was in some of the worst financial shape of my life, my heating oil costs were several times higher than I expected. I cut expenses and worked more. Then I acted to solve the problem, and not use heating oil anymore. It just takes discipline and thinking. Apparently that's asking too much of people.)
Of course, subsidizing oil products is one of the things that causes the price of oil to rise. But I digress.
Also in the bill is various bribes for the poor to vote Democrat, such as more food stamps, more unemployment spending and the like. We'll know more when we can actually read the law, when it's passed.
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Tuesday, September 23, 2008
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