2.05.2008

Faux political outrage

The 'Stimulus' Deficit

Excerpt:

Lost amid the faux political outrage is the direct role that these worthies are playing in creating this larger deficit, thanks to the bipartisan $150 billion "stimulus." This non-stimulating stimulus will largely take the form of tax rebates and credits that will do little to change economic incentives. Thus they will result in a nearly dollar-for-dollar revenue loss to the Treasury, expanding a deficit that was already going to climb to $219 billion thanks to slower economic growth and faster spending.


Comment: Thought I would bring some of the links buried in comments to the forefront:


  1. National Debt Clock
  2. Frequently Asked Questions about the Public Debt



How do you make a contribution to reduce the debt?

Make your check payable to the Bureau of the Public Debt, and in the memo section, notate that it is a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau Of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

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