Thursday, September 16, 2010

Still haven't

read all links in the last post, but I will extend the remarks :
There is no policy that President Obama has passed or proposed that added as much to the deficit as the Republican Party's $3.9 trillion extension of the Bush tax cuts. In fact, if you put aside Obama's plan to extend most, but not all, of the Bush tax cuts, there is no policy he has passed or proposed that would do half as much damage to the deficit. There is not even a policy that would do a quarter as much damage to the deficit.
Ezra Klein goes on to say:
The stimulus bill, at $787 billion, would do about a fifth as much damage. But that's actually misleading: The stimulus bill was a temporary expense (not to mention a response to an unexpected emergency). Once it's done, it's done.

But I don't think that the actual "stimulus effect" of the stimulus package or the tax policy can be included in these numbers. i.e. if any tax cuts provide stimulus or raising them would damage the economy

[Let alone]
[BTW: Happy Anniversary to both of us. Political Punch's 5th, my 8th Technically I have not relied much if any, on Political Punch]

No comments: