g5000
Diamond Member
- Nov 26, 2011
- 125,224
- 68,935
As for the economic stimulus, there are several solid studies which show the stimulus mitigated the bleeding. It did not turn the economy around. It did not save every job lost by the Bush crash. But it did mitigate the damage.
However, it did so by adding a tremendous amount to the federal debt. And in the long term, a huge public and private debt slows economic growth. Without balancing the budget and paying down the debt, the gains of the stimulus will be reversed.
However, it did so by adding a tremendous amount to the federal debt. And in the long term, a huge public and private debt slows economic growth. Without balancing the budget and paying down the debt, the gains of the stimulus will be reversed.