new stimulus package

[cobra bill]

Originally Posted by cobra de capell

Most economist think the stimulus package
- do you have a reference relating to the 'most' part?

Some time down the road, America will naturally recovery from this mess - the problem with the package is that spending so much money will end up causing any recovery to be less robust, given that the money spent will need to be paid back, through taxes.

Now, what about this don't you understand?

Well maybe it depends on the news sources we use, if all you watch and listen to is the republican Pravda, i.e. foux news, then there may be a difference in what economist are saying.
and yes it will need to be paid for by taxes, Jefferson vehemently fought for a 90% tax rate on the richest people, to avoid aristocracies and people having so much power that they could literally change the course of the country, I would argue they have achieved that objective.
I will admit 90% is too high, but 70% or pre- Reagan tax cuts would work to pay back what they have stolen from us, sure you can blame this on failed mortgages, but that was a drop in the bucket, it was 31% returns on high risk investments using our money, i.e. 401k and other retirement investments to finance their risky behavior.