Remember the Stimulus
The point of the stimulus was to postpone the financial crisis currently faced by the states. The argument was made that if teachers and firemen and other public employees kept their jobs and kept spending the economy would recover. It did not happen. Instead we are a trillion or so more in debt and one by one the states are going to have to cut their payrolls anyway. The teachers union in NYC is buying TV ads demanding that Bloomberg get the rich on Wall Street to pay their fare share. It is going to take more than taxes on the very rich to keep all those jobs and benefits.

Labels: economy

  ¶ 4:39 PM