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Politics : View from the Center and Left

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To: TimF who wrote (103374)	2/8/2009 5:10:17 AM
From: Cogito	Read Replies (1) of 542009

>>CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary...<< Tim - Well, this assumes that no effort to pay down the debt will be made once the recovery gets under way. And then there's the question of what will happen in the next few years if the stimulus bill doesn't happen. It's a tough situation all the way around. - Allen

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