Friday, January 25, 2008

Economic Stimulus Package

I've seen very little (i.e. no) analysis of the "economic stimulus" package passed by the House, with the encouragement of the White House. It's about $150B. I assume this will all be added to the deficit. So it will cost something over the next X years. It will also presumably create some revenue over the next X years. So how does it all figure out? This, frankly, doesn't sound like a very hard economics problem, one with probably some existing data already. Are we gaining more in revenue than we'll be paying in interest? It's a simple question.

So where is this analysis? Or are we just going to pile this on top of the deficit without regard to its consequences? Can't the grown-ups in charge of our country answer even these simple questions?

Why aren't journalists insisting on this analysis?

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