A Good Idea: North Dakota Should Refuse “Economic Stimulus” Money From Obama
Obama is promising some $750 billion in “economic stimulus” spending in America. Here in North Dakota, though, legislators are scrambling to figure out how to spend massive budget surpluses.
Now I’ve written about what a folly Obama’s “economic stimulus” spending would be (it would be a burden, not a stimulus), and I’ve written about how North Dakota should be careful not to grow government too quickly lest we end up paying for too much government with a slowing future economy and plunging tax revenues. But my buddy Scott Hennen has come up with what I think is a great idea:
North Dakota should refuse Obama’s economic stimulus money.
With massive budget surpluses the state doesn’t need it. The government can’t spend its way to a prosperous economy. And given that we North Dakotans pay the income tax just like everyone else in the country, there’s no reason to waste our federal tax dollars on pork projects here in the state.
Hennen has started a petition to show support for this idea. You can sign it here, and you can also contact your legislators to let them know that we need to say know to a federal bailout for North Dakota.
