Summary
According to Congressional Budget Office estimates, a mere $26 billion of the House stimulus bill's $355 billion in new spending would actually be spent in the current fiscal year, and just $110 billion would be spent by the end of 2010.
For every $1 the government spends, it must take $1 away from someone else -- either in taxes or by issuing a bond. In either case this leaves $1 less available for private investment or consumption.See the full content of this document
Extract
Stimulating Ideas Ii
Tax cuts will take effect im...
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