shootpar2001

The State and Local Government Crisis Looms Larger

Stimulus is too little????
Stimulus is too much????

Either way, it is additional capital moving through the system.
The main problem is that it is only replacing capital that is not being used (watchful waiting).
Money given to states is being used to pay unemployment (un-stimulative) or pay overdue bills (healthcare, etc.).
Again unstimulative!!!!
Excess spending of a couple of decades does not get (de-levered)
in just a couple of years, and taxing anything that moves; just brings more waiting.
Answer: Cut the size of non-productive government.
Politician response: More government!!!