Will Obama’s Stimulus Help in Time? The CBO Does Not Think So

By MJK | January 22, 2009

Creating further problems for Obama’s stimulus proposal, the non-partisan Congressional Budget Office has concluded that 1/4, or $355 billion of Obama’s proposed $825 billion discretionary stimulus plan, will not touch the economy before 2011 (http://www.bloomberg.com/apps/news?pid=20601087&sid=aJAoR5GECKWo&refer=home). I cannot comment on whether this report is true, but it exposes one of the problems of relying on government spending to save the economy: there will be tons of inefficiencies which will limit its overall success.

Technorati Tags: cbo, congressional budget office, Economy, obama, stimulus

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Comments

« Why I am Against Obama-mania | Home | Stimulus Sloppiness, A Graphic Introduction »

PLEASE REGISTER & COMMENT!

About MJK

I was born and raised in Washington DC, the capital of politics. I have a background in law and finance, and have funded and consulted for various technology-related small businesses. I currently reside in New York city. I truly enjoy discussing, debating, and thinking about global political and social issues. After many years, I was encouraged to start my own blog so that I could share my ideas at large, and learn from the comments and interactions with the general public. From an ideological perspective, I would consider myself a moderate-conservative, but often take centrist positions on certain issues.