Saturday, February 20, 2010

More deficit spending and less focus on unemployment

Treasury Secretary Timothy Geitner is in Philadelphia today, joining Ag Secretary Tom Vilsack and the president's wife Michelle Obama "to announce new details of the Healthy Food Financing Initiative," an urban grocery subsidy program backed by the Depts of Treasury, Agriculture, and Health & Human Services that plans to use $400 million a year in taxpayer money "to help bring grocery stores to underserved areas and help places such as convenience stores and bodegas carry healthier food options."
http://www.philly.com/philly/blogs/inq-phillydeals/Geithner_in_Philly_today.html

The Treasury Secretary is so serious about cutting the multi trillion dollar deficit, and fighting double digit unemployment, that he was in Philadelphia committing a half billion per year in new spending to get "healthier food options" into "convenience stores and bodegas".

When I first read this, I thought it was a sarcastic article from The Onion.