Urbin Report

Wednesday, January 28, 2009

An important fact about the dems "stimulus" bill

Harvard economics professor Greg Mankiw points out that over half the spending provided (59%) by the stimulus bill occurs after 2010! Only 8% occurs in 2009 and 33% in 2010.

Senator Chuck Schumer (democrat-HCI) was on FNS stating that government spending put much needed cash into the economy faster than tax cuts. Not if the government hangs onto most of the money for two years! A tax cut would put money into taxpayers hands this year!

The truth of the matter is that the democrats are using the current fiscal crisis (thank you Barney Frank and Chris Dodd) not to address the problem, but to shove through their agenda and private pork projects at the expense of the American people.