I wouldn't say "most economists."
There are some who say so.
Others are actually paying attention to the consequences of such a wrong-headed plan (Chief problem among may:
Hyperinflation).
Here's a summary of the plan:
a trillion dollars is not restraint.
Spending millions on planting grass in the Washington Mall--Throwing millions of dollars at the Smithsonian--and buying contraceptives for thousands--isn't in the same zip code as "restraint."
You do realize, don't you, that Trillions of dollars cannot even be fathomed?
If you were alive during the time of Christ, and you spent a million bucks a day...you'd still be spending money right now.
And you'd have about 730 years to go before you'd be out.
LeBuick, I hope your kids make a lot of money...because this bunch is going to saddle them with a debt load that will cripple this nation.
But hey...who cares about that?
The important thing is getting re-elected. :saint:
Economics 101--you go and print tons of money...law of Supply/Demand tells us Inflation normally follows.
We already had the best possible stimulus plan and economic regulation.
It's called private enterprise.
It wasn't broken except by the excessive taxation and meddling of government.
That economic regulation finally caught up with inadequately secured credit and it has been very painful to many.
The lesson that should be learned is everyone should live within their own means but the "lesson" being sold is that government intervention is necessary to save us all.
The Obamanite "stimulus plan" is nothing more than an excuse to impose more taxes to implement the wildest liberal and socialist dreams in the name of urgent need while playing upon the ignorance and fears of citizens.
This is just one vote.
There are just as important votes to come down the line - reforming Social Security, reforming Medicare, expanding heath care coverage - that will be almost impossible to pass without at least some GOP support.
Our president is being a good chess player...he is thinking several moves ahead. :thumbs:
And decreased benefits for the fat cats and raising the retirement age.
All three will be needed to keep Social Security bringing in as much revenue as the benefits it pays past 2017.