Friday, February 13, 2009
Spending or Tax Cuts...Economic or Political Decision
Well the package is out!!!! Not as big as what we thought. But more interesting is the direction it is taking!!! What happened to large tax cuts to put the money directly into the consumer's pocket ASAP. What happened to the 1.6 multiplier that these tax cuts create? Is this not more effective than MORE GOVERNMENT SPENDING! What about spending on infrastructure that we can live off of in the future.....you know the kind of spending like interstate highways and rail lines...yes the money takes longer to get into the system but it provides growth opportunities down the road...no pun intended. Spending on education and health care infrastructure will only cost the taxpayers more down the road.....they will not create private sector growth. I cannot provide the answer.....only the question.....what do you think?
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