CBO: ‘Stimulus’ Plan Will Reduce Growth

Published February 5, 2009 4:04pm ET



Can any Representative or Senator (or President) defend this plan? Congress’s own budget office — whose current Director was selected by Democrats, and whose former Director now heads up OMB for President Obama — says that each of the ‘stimulus’ plans being debated in Congress would reduce economic growth over the next ten years. After increasing jobs and GDP slightly over the next three years, CBO notes the longer-term problems it creates:

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