Thursday, February 5, 2009

CBO: 'It Won't Work'

Great minds think alike:
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, 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.
Who told you this first, huh?

(Cross-posted at AmSpecBlog.)

UPDATE: Harry Reid says he has enough GOP Senators to pass the Weimar America Act of 2009. Michelle Malkin is on the case.

1 comment:

  1. I has telling this to anyone who would listen to me a year ago...oh, yeah; no one listens to me.