I don’t want to spend too much time on this, but the amount of misinformation I’m encountering on US gov’t spending is reaching ridiculous proportions. The two articles on the now-old-news stimulus I particularly like are:
- Why the Stimulus Plan Won’t Work, and Several Ideas that Might: fta – Will the goods and services in the Democrats’ stimulus plan—be they concrete for new highway projects or groceries for hungry families—pump up flagging demand and boost stalled economic activity? If so, it will be the first time in recorded history.
- 20 points on the Democrats’ $1.1 trillion spending binge: Point 7 is of especial note, as Sen. McCain, no stranger to big spending, rightly attacked the bill as not even trying to stimulate.
Now I’m not saying everyone has to agree with the slant of both these articles. But I am saying it is better to read these and have some familiarity with what exactly happened in Congress as opposed to making up arguments for whether government spending is good or bad in general, and not knowing anything about the actual spending then.
Some of you are aware that plans for even more money to be spent are in the works: health care is now a priority: apparently spending all the cash we had on hand wasn’t enough. The President’s proposed budget for the next fiscal year is $3.55 trillion.