February 13, 2009

Madness, Thy Name Is 'Stimulus'

By Candace de Russy
Underscoring the extreme folly of ensnaring generations of future Americans in ever more crushing taxation and debt to pay for the so-called "stimulus" bill, Citizens for Common Sense and Accountability titled its opposition to the plan "Stop the Stimulus Madness!"The outcry against the liberal Democrats' and President Obama's legislation, the most profligate spending plan in U.S. history, has so far advanced along mostly economic, not sociopolitical, lines.Sen. James Inhofe slammed it as "stuffed with waste and less than 7 percent real economic stimulation," and "bloated with millions of dollars for stupid projects" such as coupons for digital TV transition.Harvard economist Robert Barro anathematized it as "probably the worst bill that has been put forth since the 1930s" and, in a word, "garbage."  With the bill's social consequences no doubt well in mind, the Heritage Foundation's Robert Rector scored the House...(Read Full Article)