The Palmetto Insider

The blog of the South Carolina Policy Council

Shouldn’t $787 Billion be Enough to ‘Stimulate’ Anything?

with one comment

money-printing-press

Difficult to believe, but some argue that the $787 billion stimulus package championed by the Obama administration isn't enough.

The Charleston Post and Courier has a story here about where the stimulus money is going. Much of it has been used to maintain existing programs such as Medicaid and education, the paper reports.

What was interesting was the first half of a paragraph midway through the story:

Some economists and critics from the political realm have argued the $787 billion package championed by the Obama administration was too small, and would be spent too slowly, to stimulate the economy. Others have said the stimulus spending is too expensive, and fear that adding to the nation’s considerable debt will have dire consequences.

While certainly opponents of the stimulus program have made their voices heard, it’s somewhat surprising that there are folks out there, particularly economists, who think $787 billion isn’t enough money to get the economy back on track.

You either believe in the stimulus concept or you don’t, but let’s say you are enamored with the idea of the government using tax money to “stimulate” the economy but don’t think the federal government has set aside enough taxpayer money yet.

Just how much more would you propose we spend if $787 billion isn’t enough?

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Written by Cotton Boll Conspiracy

August 3, 2009 at 7:54 am

One Response

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  1. The issue should not be whether the stimulus a $700 billion or $1 trillion, it is whether there is enough in the actual stimulus specifically targeted at creating jobs.

    You could pass a $1 trillion stimulus and most it could be in earmarks and pork barrel spending that does not create jobs, but worsens the economy.

    16sd

    August 18, 2009 at 7:07 am


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