That economic stimulus package (mentioned here [1] just a couple of hours ago) got turned around quick in the House! Looks like we’ll be seeing some cash. I just want to know when they want it back.
Daniel Gross at Newsweek doesn’t think it will work [2]. He’s got some great background referenced, including American Century Investment [3] survey that shows only about 27% of Americans plan to spend this money.
There was at least one sane sounding voice in Congress:
“We have to remember that every dollar being spent on the stimulus package is being borrowed from our children. And our children’s children,” said Sen. Judd Gregg, R-N.H., who voted against the bill.
There’s gotta be a better way.