Deficit spending is bad (when I say it's bad.) But it can be good (but only when I say it's good.)
The $146-billion economic stimulus package passed by the U.S. House Tuesday is funded with borrowed money, but such deficit spending is necessary “to grow” the economy, according to House Speaker Nancy Pelosi (D-Calif.). Also on Tuesday, House Majority Leader Steny Hoyer (D-Md.) criticized the Bush administration for the federal deficit but admitted that deficit spending is sometimes necessary...
0 Comments:
Post a Comment
<< Home