Late last week, the South Carolina Supreme Court ruled that Governor Mark Sanford must apply for for the state’s share of certain stimulus funds. The governor today requested the funds from Education Secretary Arne Duncan. The governor took the additional opportunity to air his grievances over the entire concept behind much of the stimulus program. His letter begins
Dear Secretary Duncan,
By order of the South Carolina Supreme Court, I am submitting the attached application for South Carolina’s portion of the State Fiscal Stabilization Fund. In doing so, however, I’d offer a few observations.
First, it’s important to state one last time for the record what a monumentally terrible idea I believe the entire so-called stimulus act is, and why in particular utilizing this money as our General Assembly has done is ultimately going to cause more harm than good.
In simplest form, this stimulus represents forcing taxpayers of tomorrow to pay for government services of today. No matter how well-intentioned it may be, borrowing from future generations who have no say in the matter is to me wrong, and strikes me as being akin to the same “taxation without representation” that led to the formation of our Republic more than two centuries ago. We will never solve a problem created by too much debt with still more borrowing, and in fact will exacerbate our problems in the long run by devaluing the dollar, rendering any short-term stimulus moot.
Read the rest of his letter.