You remember the stimulus bill, right? The one that had to be passed so quickly no had time to read it? The one that had to be passed, because if it wasn't, unemployment might hit 9% by the first of May?
The bill was passed. Unemployment hit just about 9% (8.9%) by the first of May. Oops, look over there, a puppy!
Only $30 billion of the bill has actually been spent so far on stimulus. Read Krugman if you want someone smarter than me to explain why that bill is an abomination.
Meanwhile, this year's deficit will be bigger than all of the deficits of the past eight years added together.
Read it yourself, if you want it from the horse's mouth:
http://www.fms.treas.gov/fr/
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
