The nonpartisan Congressional Budget Office, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
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This isn't a stimulus bill.
ReplyDeleteIt's a take-advantage-of-the-crisis-and-spend-money-we-don't-have-to-inflate-government-and-become-socialist bill.