800 Billion Reasons To Be Worried


	800 Billion Reasons To Be Worried

phatmommy

2-10-2009 6:54 PM

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tags:

economy, politics, taxes

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5a1d107b-6ab2-4ec7-aece-07ff64502ca4/7C707855-0DFB-4C2C-BF0E-ECD5228643B1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reason.com/news/show/131611.html" href="http://www.reason.com/news/show/131611.html" style="font-size: 11px;">www.reason.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reason.com/news/show/131611.html"><P>Truly massive deficits won't surprise anyone who has looked at the Senate version of the <A href="http://appropriations.senate.gov/News/2009_02_09_Substitute_Amendment_to_HR1_%7BCollins_Nelson_Amendment%7D.pdf?CFID=5283191&CFTOKEN=">stimulus bill</A>.<STRONG> </STRONG>Much has been made over the "compromises" and negotiations behind the Senate finally arriving at something that garnered enough support for passage. Here are three large categories of expenditures where senators managed to sort out their differences and find a compromise that they can all live with. If only things were so simple for us taxpayers.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reason.com/news/show/131611.html"><P>And here is one more thing to consider: There is absolutely no evidence that any stimulus package in the past 80 years has goosed economic activity—not FDR’s during the Great Depression, not Japan’s during the 1990s, and not George W. Bush’s in 2001 and 2008. If anything, the economic evidence suggests that such spending packages actually intensified and prolonged misery.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7C707855-0DFB-4C2C-BF0E-ECD5228643B1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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