Going into debt to stimulate the economy was a dumb idea to begine with. What was needed was revamp of the Tax code to created a more competitive environment for business, emphasize savings and discourage Outsourcing. However Mr. Hussein and his Progressive followers wanted to go retro, back to the 1930’s!
July 8 (Bloomberg) — Democrats who control the levers of power in Washington are divided over whether to push for more deficit spending to end the recession and stem job losses, complicating the possibility of a second stimulus bill.
“We need to be open to whether or not we need further action,” House Majority Leader Steny Hoyer, a Maryland Democrat, told reporters yesterday. Senate Majority Leader Harry Reid of Nevada countered that “there is no showing to me that another stimulus is needed.”
Read the rest.
What makes this even worse is that most of the so called stimulus projects are slated to start next year and beyond. This was a waste of money and just increased our debt.
What idiots!
Tags: Politics, STimulus Bill
