Economic Stimulus

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I haven't said much about the economic stimulus package that will be voted on tomorrow because I'm not really sure I understand it.  It seems to be changing as it goes.  There is a short article at AskHeritage.org detailing the amount of the bill and some of its effects. 

According to the article, passage of this bill would add $6,700 in debt to every household in America.  Barack Obama is stating that spending $800 billion will create 3.7 million new jobs.  This works out to a cost of over $200,000 per job.  Where can I go to find a job like that?

Basically, the plan has a lot of pork--it transfers wealth from the private sector to the government, which is not the way to grow an economy.  We have learned from history that growth comes when you shrink government--not when you grow it.

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This page contains a single entry by Granny G published on January 27, 2009 7:46 PM.

Move Along, There's Nothing To See Here was the previous entry in this blog.

The Wall Street Journal On The Stimulus Bill is the next entry in this blog.

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