SC gov. rejects 700 million stimulus
By lilwonders
@lilwonders456 (8214)
United States
March 13, 2009 11:55am CST
Govenor Sanford turned down 700 million of the stimulus money coming to his state saying it would hurt residents of the state in the long run. Sanford is known for his anti spending. But the state assembly is acting like it may try to override him.
"We don't think it's a good idea to spend money that you don't have," Sanford said in Columbia.
Claiming that the stimulus money would destabilize South Carolina's economy, Sanford said, "We need to look longer term and much more holistically at the notion of economic stimulus."
Well he does have a point. THat money will hurt us more than help us in the long run. What do you think about his decision? Do you think the assembly will go behind his back and get it anyway? Will they get re-elected if they do? Sanford is very popular here and most of the state agrees with his decision.
1 person likes this
4 responses
@mensab (4200)
• Philippines
13 Mar 09
i think the governor of south carolina has a point in refusing to accept the stimulus money for the federal government. if he is known for anti-spending, then he can prove his point right here. however, there is a consensus that the way out of this financial crisis is to spend more money to stimulate the economy. in this way, more goods will be sold and more goods will be produced.
@lilwonders456 (8214)
• United States
13 Mar 09
Ya but the money he reject would just put us deeper in debt and do nothing to stimulate the economy here in SC. I think Sanford is right. Too bad Washington does not agree.
@xfahctor (14113)
• Lancaster, New Hampshire
13 Mar 09
My governor (John Lynch) who is a Democrat, has come out and said we may not take certain portions for the same reasons others aren't. Because once that funding expires, our states are stuck with a mandated program that they themselves must fund in the future.
@peavey (16936)
• United States
13 Mar 09
I think he's right and I would hope that the assembly will back him, but with the prevailing winds of nonsense, they may not. What most people don't understand is that the stimulus money comes all bound up with attached strings, somewhat like a puppet. The Federal government tells the states exactly where to spend the money and what they can and cannot do in the places where it's spent. Governor Sanford is calling it right. It will hurt more than it will help, and in a lot more states that S.C.
@deejean06 (1952)
• United States
13 Mar 09
I definitely think that they will try to go behind his back and get the money anyway. After all most people believe that because it is federal money it is somehow "free". It seems that no one can connect the dots and see that this money comes with massive strings and will ultimately hurt this country. I agree with his statement that he doesn't think it's a good idea to spend money you don't have - who does? People who has massive credit card debt or buy houses which are more than they can afford...which are the people we are currently trying to bail out with the stimulus bill.
