Posted by: arnegrim | February 12, 2009

Overstimulated

Full of funding for ‘pet projects’, increasing entitlements, and enlarging governmental control… it looks like the stimulus plan will certainly stimulate something. In the long term I’m voting on anger.

“the nonpartisan Congressional Budget Office says that the bill could meet President Obama’s goals for job creation and increase GDP—at least in the short term… And in 2019, thanks to the national debt, the GDP could actually be slightly lower than if the government had done nothing”
http://www.usnews.com/articles/news/stimulus/2009/02/05/cbo-stimulus-bill-could-meet-obamas-job-creation-goal-in-short-term.html

But just think… this will give them a “good” reason to raise taxes in the future!

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