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Wednesday, January 28, 2009

Stimulus, Or Squealing Pork?

Only about 12% of the proposed $825 billion stimulus bill will go for purposes that arguably may stimulate job creation.  The rest is additions to standard welfare-state handouts.  More than $265 billion, 32% of the total, is transfer payments, i.e., the government takes $265 billion of your taxes and gives the money to someone else, for a net effect of zero in economic stimulation.

Read the Wall Street Journal’s editorial analysis of the proposed stimulus plan.

Posted by Thomas E. Brewton on 01/28 at 01:16 AM
Welfare-State Socialism • (33) Comments • (0) Trackbacks
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