I’m so glad that three of our so-called Representatives – Jim Sensenbrenner, Paul Ryan and Tom Petri – has seen it necessary to put a bill in Congress that would allow Scott Walker to return the money for the high speed rail project. According to the bill – which I have not yet read – will direct the money to reduce the deficit. Both California and Illinois (according to CBS 58 News) want the money. I’m making a guess here that if the money is returned by Wisconsin, it won’t be going to reduce the deficit.
On top of that, if the project is cancelled, 4,000 jobs will be lost. That’s four thousand people who will be affected – in a state that has an unemployment rate of 7%. Add to that “representatives from Talgo Inc., the Spanish company that chose Milwaukee as its site in the U.S. for building and maintaining high-speed trains, said the company may be forced to shut down its Milwaukee operation if the high-speed rail project is killed.” (source)
Most economists agree that deficit spending is good during a bad economy, provided that the money is used for the right projects. Hello, we’re in a bad economy. Government cuts should be made when the economy is running smoothly. Actually, that’s when taxes should go up, in order to build a surplus to get us through the bad times. Any first year economic student can tell you this.
Apparently, Walker, Ryan, Sensenbrenner and Petri have never taken an economic class. They don’t get it.
Let’s put in simple terms:
4000 people get up and go to work in the morning. Every week or every other week, they receive a pay check. The government receives money from the taxes taken from said paycheck. The bank gets paid for the mortgage or the landlord collects her rent. Food is purchased at a grocery store. A meal is purchased in a restaurant. And, it goes on. These four thousand people affect many more people. The restaurant stays in business. The local grocery store has to hire another clerk or two. It is a circle. Money travels from one person to another and along the way, more growth happens. When the economy is booming again, the government stops spending (and, here’s where our government has been wrong throughout the last thirty years). Private money begins flowing with new buildings, companies, etc. The government money is no longer needed.
Paying off the deficit isn’t going to keep food on any of our tables.
We need to work together to save our rail and the four thousand jobs.