Jul 9, 2009

Stimulus Update

In case you were wondering, as of today, only 8% of the stimulus money has been spent. If the goal was to rush the bill through Congress so that the $750 billion could be used to "prime the economy," then why has only 8% been spent to date? What was the hurry?

And how is it that they could even consider a second stimulus bill when 92% of the first one has not been spent?

The simple truth is that both the first stimulus and the proposed second one are just plain wrong.

You can't spend your way out of debt.

If my wife and I were holding $20,000 in credit card debt, how would it help us to spend $20,000 more?

It wouldn't. Neither will the so called Stimulus bill.

No comments:

Post a Comment