In true NY Times form. . .
. . .the story of a "new concensus" that a second stimulus package would help because the first $787 billion wasn't enough.
Let's quickly review where government stimulus money comes from: 1) tax revenues (which comes from us who in the down economy) 2) printed money (which devalues the money already in the economy) or 3) debt (which other countries can call in).
We are asked to ignore the fact that lots of what has been spent from the first package went to non-sustainable projects and jobs. Argh.
Let's quickly review where government stimulus money comes from: 1) tax revenues (which comes from us who in the down economy) 2) printed money (which devalues the money already in the economy) or 3) debt (which other countries can call in).
We are asked to ignore the fact that lots of what has been spent from the first package went to non-sustainable projects and jobs. Argh.



Comments