People who spend other people’s money in Indiana are applauding their amazing ability to write big checks and hand them out.
The Regional Cities initiative — enacted by the Republican legislature and heralded by the Republican governor — just awarded grants of $42 million of taxpayer dough to three of seven county consortia in the Hoosier State.
“This is big. This is a big deal in Indiana,” Gov. Mike Pence told reporters, “and I believe it’s part of a third century strategy for growth that will pay dividends for generations.”
Really? Government redistribution will fuel “growth” . . . and “pay dividends”?
The more-spending “strategy” is “geared toward quality of life projects ranging from economic development and job creation, to improved recreational and arts opportunities,” according to WNDU-TV in South Bend, adding that, “The Regional Cities Initiative is aimed at the younger generation and giving those people more reasons to love — than leave the state.”
Love it or leave it, eh?
“The public has been told that we have some sort of $42-million jackpot to spend on wonderful things,” explains Fort Wayne City Councilman Jason Arp in his Indiana Policy Review. “What hasn’t been made clear is that with the award comes [an] obligation not only to match that $42 million with taxpayer and private money but a separate eight-year commitment to a portfolio of $1.4 billion in projects. . . .”
In other words, it’s a classic government-spends-our-money-better-than-we-can program.
The Regional Development Authority will, in the end, “have discouraged actual entrepreneurship, innovation and free enterprise,” Arp explains. In their place? A “sort of unaccountable directorate.”
Growing ever bigger to better spend our hard-earned dough.
This is Common Sense. I’m Paul Jacob.
4 replies on “Buying Quality of Life”
I am delighted to see that Indiana is going to be manipulating their economy and capital markets. Michigan has been doing that for years to its detriment, and we would not want on of our southern neighbors to have an open and free market to compete with is.
Amazing how much of that goes on in every level, explains the loss of wealth problem most of us had.
Eventually, government at all levels will run out of other people’s money. Then what?
They have to spin it that way or it would sound terrible. Can’t win votes leaving money in the hands of the more productive people. Better to pretend that they are doing something, rather than admit that those dollars seized to create a government subsidized job comes at the cost of twice as many unsubsidized jobs