Changes

Jump to navigation Jump to search
rmv fact tags
Line 6: Line 6:  
"The strategy under this bill is to throw billions of dollars in every bureaucratic direction, and cross our fingers and hope for the best," said Rep. Ken Calvert (R., Calif.) during debate. Rep. David Obey (D., Wis.), the chairman of the House Appropriations Committee, responded, "We need to compare the cost of this package against the cost of doing nothing. The cost of nothing would be catastrophic."<ref> See [http://online.wsj.com/article/SB123315486943524321.html?mod=rss_Politics_And_Policy Jonathan Weisman, Greg Hitt And Naftali Bendavid, "House Passes Stimulus Package; $819 Billion Jolt to Economy Aims to Reshape Education, Health Care; Deficit to Soar," ''Wall Street Journal'' Jan. 29, 2009]</ref>   
 
"The strategy under this bill is to throw billions of dollars in every bureaucratic direction, and cross our fingers and hope for the best," said Rep. Ken Calvert (R., Calif.) during debate. Rep. David Obey (D., Wis.), the chairman of the House Appropriations Committee, responded, "We need to compare the cost of this package against the cost of doing nothing. The cost of nothing would be catastrophic."<ref> See [http://online.wsj.com/article/SB123315486943524321.html?mod=rss_Politics_And_Policy Jonathan Weisman, Greg Hitt And Naftali Bendavid, "House Passes Stimulus Package; $819 Billion Jolt to Economy Aims to Reshape Education, Health Care; Deficit to Soar," ''Wall Street Journal'' Jan. 29, 2009]</ref>   
   −
Promoter of the measure say it is aimed at preventing the economy from "collapsing"{{fact}} and at "restoring it to normal."{{fact}} Conservative critics claims it will do little to help the economy and is filled with non-essential spending.  
+
Promoter of the measure say it is aimed at preventing the economy from "collapsing" and at "restoring it to normal." Conservative critics claims it will do little to help the economy and is filled with non-essential spending.  
    
*But government spending plans do not stimulate the economy. They are based on the idea that feeding “new” money into the economy will create economic growth.  But the money isn’t new—it’s either taxed or borrowed. It's essentially redistributed from one group of people to another, and no new money is created. [http://www.askheritage.org/Issues.aspx?ID=41]  
 
*But government spending plans do not stimulate the economy. They are based on the idea that feeding “new” money into the economy will create economic growth.  But the money isn’t new—it’s either taxed or borrowed. It's essentially redistributed from one group of people to another, and no new money is created. [http://www.askheritage.org/Issues.aspx?ID=41]  
Siteadmin, Check users, oversight, Administrators
20,682

edits

Navigation menu