Saturday, February 23, 2013

Congressional Buget Office assessment of federal stimulus spending

If anyone thinks that federal stimulus spending did anything, read here what the nonpartisan Congressional Budget Office has to say.  As the author summarizes: "After four years and almost a trillion dollars in stimulus payments, all we have to show for it is 113,691 full time equivalent jobs, $16 trillion in debt that will never be repaid, 7.9% unemployment, 14.5% real unemployment, negative GDP, and continuing record deficits."  George Burns
 

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