Less Than Half Of Obama’s “Economic Stimulus” Money Will Be Spent In The Next Two Years
Which means that even if you buy into the idea that all this spending will, in fact, help the economy (and you really shouldn’t because it won’t) the simple truth of the matter is that most of the spending will happen too late to have any real impact on the recession.
Less than half the money dedicated to highways, school construction and other infrastructure projects in a massive economic stimulus package unveiled by House Democrats is likely to be spent within the next two years, according to congressional budget analysts, meaning most of the spending would come too late to lift the nation out of recession.
A report by the Congressional Budget Office found that only about $136 billion of the $355 billion that House leaders want to allocate to infrastructure and other so-called discretionary programs would be spent by Oct. 1, 2010. The rest would come in future years, long after the CBO and other economists predict the recession will have ended.
So why are the Democrats gearing up to spend all this money? Because they love expanding the size and power of government, and this economic downturn (made worse than it is through hype and exaggeration) is as good an excuse for it as any.
What our economy really needs is to be unburdened through tax relief and cut spending. But that would mean diminish the size and power of government, and the Democrats just can’t have that.
