Making bad times much worse 18

 John Hawkins writes in Townhall:

In today’s dollars, the stimulus bill will cost more than the war in Korea and the war in Iraq – combined! It will cost about the same amount as FDR’s New Deal AND the war in Vietnam combined! It’ll cost far more than the Marshall Plan, the Louisiana Purchase, and putting a man on the moon – combined!

Those were momentous events in our history. Going to the moon, rebuilding Europe, fighting wars – meanwhile, ten years from now, we’ll have very little to show from this stimulus plan other than a considerably larger national debt and slower economic growth. In other words, all hyperbole aside, this may very well be the single least effective, most wasteful, most costly piece of legislation in all of recorded human history.

Posted under Commentary by Jillian Becker on Tuesday, February 10, 2009

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