Wednesday, February 18, 2009

The Fiscal Stimulus Will Pay For Itself

The premise of this entire article is flawed because of misunderstanding the very nature of our economic problems, and from misquoting Jefferey Sachs. Mr. Sachs never said the stimulus deficit would cripple us, he said the fiscal hole we're in will. As in, the hole that we are in now is much larger than most people paying attention are willing to realize.

The stimulus will indeed help, and even if it doesn't right the US economy, at least we'll be getting some badly needed infrastructure improvements out of it. The author - and most others writing about economic matters - should have a more realistic understanding of just how bad the global economic crisis is before writing such irresponsible articles.
About Stimulus Package
Read the Article at HuffingtonPost

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