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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (59799)2/20/2009 1:27:53 PM
From: TimF2 Recommendations  Read Replies (1) of 224749
 
An increase of federal debt of 20% or a bit more of GDP, is a long run problem, but isn't a major factor in the short run.

And to the extent it is a problem, well Obama's contributing to it. If he keeps up like this he will wind up increasing the debt faster than any president since FDR.

None of which is to say that Obama isn't facing a difficult economy, and he's right when he says he "inherited it" , its not his fault (except to the extent that he voted for policies that contributed to it, which is only a modest extent), but he's taking risky and expensive measures that could be quite counterproductive, and even if he's actually correct about the stimulus being important and beneficial, the majority of the bill isn't short term stimulus, consisting of non-"stimulating" actions and/or taking to long to go in to effect.

Its more a "use the economic problems as an excuse for bigger government" bill than its an "effective stimulus" bill.
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