Tuesday, January 27, 2009
Read all about it here. Paraphrasing the immortal words of P. J. O'Rourke, someone should take this bill out behind the barn and kill it with an axe. (Obama already killed Nancy Pelosi's embarrassing proposal to stimulate the economy by spending more on contraceptives.) It does very little to stimulate new economic activity, and way too much to create new goverment programs (36 new programs costing over $136 billion). Only 3% of the bill is directed to road and highway spending. The CBO estimates that only 25% of infrastructure dollars can be spent in the first year.
Posted by Scott Grannis at 10:01 AM