Stimulus Figures Actually In the Trillions

Two economists say the amount of money dumped into the economy to no effect by the government is wildly underestimated


Left-leaning economists often argue that the $800 billion American Recovery and Reinvestment Act was too small and that more stimulus is needed to get the economy going again. The real amount of fiscal stimulus pumped into the economy, however, may be much higher.

Tom Firey of the libertarian Cato Institute estimates that the U.S. has dumped at least $2.5 trillion of fiscal stimulus into the economy since 2008.