“First there would be nothing principled about refusing Federal stimulus money. These very same governors routinely accept all sorts of federal money. In fact, if you rank states according to the ratio of federal money received per tax dollar contributed, Mississippi, Louisiana, and Alaska are all in the top 4. South Carolina and Idaho are in the top 20 and receive significantly more in federal money than they contribute.
These politicians are not standing up for principle. They are grandstanding. Most of them (particularly Palin, Sanford, and Jindal) are trying to raise their national profile and give themselves a talking point to use in a future presidential run.
Moreover, they are doing so in direct contravention of the interests of their own constituents. These folks are not federal office holders. Their duty is to look after the interests of the people of their respective states, not to police the federal budget. If they were CEOs of a corporation or trustees of organization or trust, this kind of action would be seen as a breach of their fiduciary duties. They would get sued. And rightfully so. By turning down federal stimulus money, they would be inflicting harm on their own citizens.”