Jan 20, 2009 -- Alternatives to a federal stimulus package
The prospect of a huge federal stimulus package is something that doesn't excite Clark. It's the wrong solution to the problem, in his estimation -- even if it is politically popular.
So what alternatives are available? For starters, the penny-pincher believes we need more money for unemployment compensation and possibly more money for food stamps. Many families who never needed food stamps before will need them as more jobs are shed. Additional job training and job reorientation are also necessary to alleviate the unemployment crush. Finally, Clark also wants a tax cut for every working American. That's a very limited laundry list of things that don't have anything to do with "stimulus" payments.
The perennially unpopular gas tax hike also needs to become a reality, according to Clark.
Let's face it: We have very short memory spans. With gas prices relatively low, there's no real incentive to buy a fuel-efficient vehicle. A heavy gas tax would encourage people to buy fuel-efficient cars and reduce our dependence on foreign oil. Sure, it's controversial, but then you can take that money and improve infrastructure, deteriorating roads, etc.
The bottom-line is that we don't have enough money to do a giant stimulus package. Our goals need to be more focused.