It's a terrible bill, in other words, both on its face and in the details. For the reasons I detailed here, it won't stimulate the economy. It violates many of President Obama's promises. Most of the deals that created it were made behind closed doors, meaning that there is virtually zero transparency and no real way to track where, how, or why money is being spent. On top of that, the bill is still packed with items that any vaguely impartial observer would call pork.
But once it hits Obama's desk, we'll be calling it the law.
Veronique de Rugy is a columnist at Reason magazine and an economist at the Mercatus Center at George Mason University.
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|4.20.10 @ 4:07AM|#
800 billion would be enough to buy a 3rd world country with a pool as large as a lake! =)
|4.20.10 @ 4:08AM|#
800 billion would be enough to buy a 3rd world country with a pool as large as a lake! haha =)
|9.6.10 @ 1:21AM|#
Value of money really increases as days goes by. I wonder what will be the value of $1 after 10 years, maybe it cannot afford to buy a single candy for my grandchild.
12 Red Roses
|11.29.10 @ 4:22PM|#
Can you imagine $800 billion worth of pennies poured into a giant swimming pool?
|1.12.11 @ 3:51PM|#
Yeah I can imagine this. Can this happen in my pool ? hehe . I live in a baza firm - nice weather but still need those coins :)
Digital Converter Box|3.4.11 @ 6:53PM|#
That was a very interesting read, thanks for taking the time to post it.
Scarpe Nike|8.8.11 @ 4:32AM|#
is good
caibutou|2.15.12 @ 5:03AM|#
thank