The verdict is out on the stimulus package, and many economist are not buying it.
Skeptics to the Obama/Democrat stimulus package whether they be professional, political or otherwise, have been considered opposition forces and simply labeled as naysayers by the supporters of the bill. The truth of the matter is that there are many qualified professionals who have studied economics and the American economy for decades who came to different conclusions on the merits of the stimulus package.
The debate has brought forth two principled arguments: To what extent should the economic stimulus address spending increases vs tax cuts? And, what effects will the stimulus package have on the idea of a limited government?
There have been all sorts of political goodies identified as part of the stimulus package that some have viewed as nothing more than measures for patronage building and political pet projects for the Democrat lawmakers. Therefore, many are rightfully concerned that this is a green light towards a permanent increase in the size and scope of government along with a hefty price tag.
What is more, most believe that the economy will eventually return to some sense of normalcy. Rather it will be because of government assistance or not is not necessarily the issue. The concern, however, is when the downturn is over what will the federal budget look like? What will the future tax structure and tax revenue be? What will the budget deficit look like compared to the GDP?
These are questions that deserve to be debated, fully answered and should not be simply dismissed as dissent or labled as baseless political humbug by the opposition when reasonably presented. The articles that are linked below highlights the current debate and to which the opposing voices have been generally accepted by the supporters of the stimulus package. (Charles Dharapak/AP Photo)
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