I pray that not one cent goes to state or local budgets in the form of operating expenses. Every cent should go toward infrastructure. If California gets a bailout on its 42 billion deficit this year, I'm going to be fucking pissed. They MUST LEARN TO BALANCE THE BUDGET, and that you can't borrow in perpetuity. I kinda wish muni bonds would lose their tax exempt status and the Fed start hiking rates ASAP.
They keep harping on about stimuli to the economy forgetting about over production of stuff that people can't afford to buy. Pumping money into the auto industry and many others is probably money down the drain. But politicians need the sound bite and look of doing something Unless they have to also put their OWN money into these projects too it will surely be disaster after disaster with the fat cats siphoning off most of it into their offshore accounts