Its a horrible bill. In the long term they have doomed our countries economy.
I will tell you a quick story about one of the few things I remember from college. I took a Macro-Economics class (very boring class) and we learned about Keynesian theory, which is what this bill is based on. In a nutshell its about government spending and running deficets in the short term not being a bad thing. So the main criticism of these theories was that in the long term they are actually hurtful. Someone once asked Keynes himself about his theories, saying "won't they really comeback to bite us 50 years down the line?" and Keynes was never able to offer a satisfactory defense, instead just saying "In 50 years I will be dead".
Anyway all that this stimulus bill insures is that Senators Snowe, Collins, & Specter will not me getting re-elected.
I will tell you a quick story about one of the few things I remember from college. I took a Macro-Economics class (very boring class) and we learned about Keynesian theory, which is what this bill is based on. In a nutshell its about government spending and running deficets in the short term not being a bad thing. So the main criticism of these theories was that in the long term they are actually hurtful. Someone once asked Keynes himself about his theories, saying "won't they really comeback to bite us 50 years down the line?" and Keynes was never able to offer a satisfactory defense, instead just saying "In 50 years I will be dead".
Anyway all that this stimulus bill insures is that Senators Snowe, Collins, & Specter will not me getting re-elected.
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