Comments on: Senate Should Strip Stimulus of Excesses http://donklephant.com/2009/01/30/senate-should-strip-stimulus-of-excesses/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 21 Mar 2010 04:39:49 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Alex http://donklephant.com/2009/01/30/senate-should-strip-stimulus-of-excesses/comment-page-1/#comment-435969 Alex Mon, 02 Feb 2009 13:36:21 +0000 http://donklephant.com/?p=13087#comment-435969 There is a very strong argument that the whole reason that we are in this mess in the first place was too much liquidity from 2001-2004. We're now pumping in more currency than ever before. I am worried that we are trading off a short-term recession for the risk of another crisis down the road. If you're interested, check out my thoughts on my site: http://www.tarheelbusiness.net/?p=379 There is a very strong argument that the whole reason that we are in this mess in the first place was too much liquidity from 2001-2004. We’re now pumping in more currency than ever before. I am worried that we are trading off a short-term recession for the risk of another crisis down the road.

If you’re interested, check out my thoughts on my site: http://www.tarheelbusiness.net/?p=379

]]> By: Mike http://donklephant.com/2009/01/30/senate-should-strip-stimulus-of-excesses/comment-page-1/#comment-435828 Mike Sat, 31 Jan 2009 01:43:52 +0000 http://donklephant.com/?p=13087#comment-435828 Agreed. I support a stimulus bill that is focused on stimulus, and not just an excuse for spending money. To those who would defend all of this new spending as stimulating the economy, I ask: What kind of spending would you not consider stimulus? Virtually any kind of government spending creates jobs to some degree, so the argument that things such as building renovations would create jobs is pretty shallow in my opinion. If any kind of spending can be considered stimulus bill, then what's the difference between a stimulus bill and a "let's spend a whole lot of money on stuff that we've always wanted but never had an excuse to spend so much money on" bill? Agreed. I support a stimulus bill that is focused on stimulus, and not just an excuse for spending money.

To those who would defend all of this new spending as stimulating the economy, I ask:

What kind of spending would you not consider stimulus?

Virtually any kind of government spending creates jobs to some degree, so the argument that things such as building renovations would create jobs is pretty shallow in my opinion.

If any kind of spending can be considered stimulus bill, then what’s the difference between a stimulus bill and a “let’s spend a whole lot of money on stuff that we’ve always wanted but never had an excuse to spend so much money on” bill?

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