Last week, the Council of Economic Advisers of the Executive Office of the President released its quarterly report on The Economic Impact of the American Recovery and Reinvestment Act of 2009. The numbers are stunning, to say the least. Our federal government has spend $666 billion to date, with another …
Last week, Reason Magazine ran an excellent article entitled “General Motors Will Never Repay Taxpayers.” I don’t really have anything to add in the way of commentary, but wanted to reprint some of the information here for your enjoyment. I was against any and all bailouts from the very beginning. …
People who support our government engaging in “stimulus” activities are fools. While it sounds good to “stimulate” the economy and there are supposedly jobs created and saved with stimulus dollars, the truth is that these government programs are at best very wasteful, and at the worst downright fraudulent. Look at …
An article courtesy of DownsizeDC.org: John Maynard Keynes originated the idea that government spending could reverse an economic downturn, but even he was skeptical of using government construction projects for this purpose. Nevertheless, Congress, and people like Paul Krugman, want to spend hundreds of billions on public works.
