Residential Space A creative outlet during residency, turned ongoing virtual soap box

Posted on Friday, April 28th, 2006 at 4:29 pm. About News and Politics.

I’m Not Going Crazy

Yes, the title of this post is a factual statement. I am not going crazy. Perhaps a better way of phrasing this would be, to quote Stephen Colbert, “I called it!” Recall my previous post about rising gas prices and how the proposal by a group of senators to hand out $100 rebates was, to be kind, an incredibly stupid one. Despite widespread concern about the rising price of fuel, many of the nation’s analysts (and many true Republicans – that is to say, the fiscal conservatives) agree with me. And yes, for the same reasons I mentioned in my post yesterday:

  • We have a deficit, and handing out $100 to millions of Americans will worsen our national debt.
  • Rebates will not solve the long-term, or really even the short-term, problem.
  • Rebates only enable the behaviors that we as Americans should be striving to change.

Another point has been made about which I was curious yesterday, but not knowledgable enough on to comment. The same $100 rebate goes to people who don’t buy gasoline. It would really be enabling if it only went to people who consume fuel, I suppose, because those of us who make an effort not to use it are not rewarded for our behavior of efficiency. Then again, if the money is really to lighten the burden of fuel costs, then it should, in theory, go to those purchasing gas. It’s just a silly idea.

I particularly enjoyed this editorial outlining the reasons why this proposal is hogwash. Some politicians who are against it had the chance to demonstrate their ignorance. Try this one:

“‘The $100 rebate — no one’s against that,” said Sen. Charles Schumer, D-N.Y. “But what’s going to happen five months from now and 10 months from now and 15 months from now, when the price stays high because they haven’t touched Big Oil?'”

Well, I wouldn’t say no one’s against that, Senator Schumer. Economists don’t think it’s great for the economy to randomly hand out funds during a time of deficit.

Or how about this comment:

“Sen. Debbie Stabenow, D-Mich., suggested mailing out $500 checks — the amount the average family will spend in extra energy expenses this year, she said.”

All I can say here is that I think she is missing the big picture. The sad thing is that these are comments coming from the other political party. Yikes.

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