It’s time to put GAB to work!
By Jack E. Lohman
Scott Walker, Milwaukee County’s executive, is correct. Taking federal bailout money will only encourage wasteful political spending.
But what else would you expect? Special interests and the politicians they feed are going for the gold, and he knows it. He’s been there.
While new money must be spent wisely, Wisconsin politicians have never been accused of having the trait. To suddenly drop tons of money on those whose campaigns are funded by special interests — expecting them to spend it in the best interest of the public that doesn’t give them money — is wishful thinking. Pure fantasy.
Independent oversight is needed, and the Government Accountability Board (GAB) should appoint a panel of retired economists and business leaders to sort it all out. If it’s worth doing, it’s worth doing right, and even our politicians should want this one done correctly.
What we have today that we didn’t have in 1929, is globalization. Today’s solution cannot be the same, and going further into debt makes sense only if the jobs created are local and permanent.
Who’s originally to blame? How did all of this happen? The economy, stock market crash, unemployment, foreclosures, etc?
There is but one answer: the politicians who sought re-election and were willing to eliminate regulations to get the cash needed for their campaigns.
The contributors wanted a free-for-all market, and the politicians gave it to them. It is said that total freedom works only when total honesty exists at all levels. But in life it doesn’t, so reasonable regulation and laws are needed and our politicians sold us out.
Live with it, or fix it.