Read the stimulus package if you’re bored or can’t fall asleep. Currently, it sits at $850 billion and 1,588 pages.
The Wall Street Journal article on the stimulus package and how “…by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus.” Other items (pork) being included, include new cars, government building fixups, and more useless non-stimulus items.
Jon Stewart’s recommendation last night was awesome. In the end the total money dumped into this will come close to $2 trillion. Why not take that money and dole it out to every taxpayer, approximately 200 million? Let them use the money to pay off debt. That way the banks end up getting their money, millions get out of debt, and we start off with a clean slate.
Just a thought…
Paul Cox