Huntington Lake, Calif. — Our politicians love soaring platitudes followed by little, if any, action. The more Americans are promised shovel-ready stimulus projects, new sources of power, and other fantasies, the more we accept that bureaucracy, regulations, lawsuits, and impact statements will prevent much from ever being done.
The president himself, after demanding nearly a trillion dollars in borrowed money for his budget, confessed that his “shovel-ready” projects had proved not so shovel-ready after all. Much of the vast sum of borrowed money instead went to subsidize nearly insolvent pension funds, entitlements, and bloated state budgets. Unemployment is still at 9.2 percent, with nearly 50 million people on government-subsidized food stamps — even as American infrastructure is crumbling, the private sector is moribund, and national timidity prevents any new large, visionary construction. Prior generations gave us space projects; ours ends them. Boeing once ruled the skies; now the government sues to stop Boeing from opening a new plant.
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