The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Late Afternoon

Hi78° Isolated Showers

Tonight

Lo57° Isolated Showers

Sunday

Hi77° Sunny

Sunday Night

Lo56° Partly Cloudy

Labor Day

Hi80° Sunny

Monday Night

Lo56° Mostly Clear

Tuesday

Hi80° Mostly Sunny

Tuesday Night

Lo52° Partly Cloudy

Wednesday

Hi76° Mostly Sunny

Wednesday Night

Lo53° Mostly Clear

Referendum 52: Too much debt

Send to Kindle
Print This
Referendum 52 is a stimulus bill. It is supposed to work like any government-induced economic booster: We collectively borrow a large sum of money, spend it on public projects which require the hiring of workers, and thereby inject money into the economy through their pockets. We “create jobs,” encourage spending, roll money through the economy, and get some good public projects as a byproduct. These schemes, of course, rarely if ever work as well as their proponents claim. If they did, Referendum 52 wouldn’t be necessary, since we have been bathing the economy in borrowed dollars for some time. Instead, experience shows they are just as likely to increase the public debt now and in the future to fund projects of dubious necessity and create few short-lived jobs. The public benefit is questionable; the debt is all too real. Referendum 52 deserves a no vote.

View my optionsorSign in