Now Is No Time for Phony Thrift

[babylonsister]

Now Is No Time for Phony Thrift

Posted on Jan 8, 2009

By Joe Conason


As the government contemplates spending very large sums of money, it is reassuring to know that somebody still worries about waste. Or it would be reassuring, if only that somebody were not Mitch McConnell, the Senate minority leader, who promises that he and his fellow Republicans will “protect taxpayers against the rush to spend their money.”

This loud pledge of thrift and transparency by the GOP leadership might be more persuasive coming from people who had displayed such inclinations anytime before last year’s election. But these are the same politicians who squandered astronomical amounts when they controlled the federal budget.

And today, at a moment when economists of all stripes agree that we must spend big and spend fast to forestall a depression, the timing of the Republican conversion is as dubious as its credibility. To delay the stimulus spending proposed by President-elect Obama for the sake of partisan posturing is to risk disaster.

The Republicans’ sudden reversion to the solemn frugality of their forebears would be amusing were it not so dangerous. Having established a record over the past decade or so as the wildest wastrels in the nation’s history, they now present themselves as strait-laced accountants who simply cannot abide a misspent dime.

Consider McConnell, chosen again by his fellow Republican senators to oversee policy and politics for their shrunken caucus. Last year, he barely achieved re-election in Kentucky—and won only after a barrage of television ads touting his mastery of the congressional pork barrel. He flew frantically from one town to another, boasting that he had brought home more than $500 million in federal discretionary funds during the past fiscal year alone, largely for projects that other states and cities must finance locally.

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http://www.truthdig.com/report/item/20090107_timing_is_wrong_for_phony_thrift/