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Argument: Bush's 2008 economic stimulus plan will only add to US deficits
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(Redirected from Argument: Bush's economic plan will only add to the US deficit)
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Supporting evidence
- Steve Chapman. "Fiscal Stimulus Folly". Townhall.com. January 17, 2008 - "But skepticism is in order. Any money that the government lays out, after all, will not drop miraculously from the sky. Since the federal budget is already running a deficit, those funds will have to be obtained the old-fashioned way -- by borrowing. More money would be spent by those who get the help, but less would be spent by those who provide it. So the whole transaction may add up to not much more than zero."
- "This 'Economic Stimulus' Is a REALLY Bad Idea". eugene, Daily Kos. Jan 18, 2008 - "Finally, the rebate is going to make our nation's financial situation far worse. We're going to spend $145 billion, but how will it be paid for? We already are suffering the effects of huge national indebtedness with a declining dollar and this will soon hit our ability to use government to provide useful forms of stimulus. It will tie the next president's hands, leaving them with an even bigger budget hole. And for what? For a piddling $800 that will help nobody?"
