Friday, January 16, 2009

The current stimulus proposal

via Tim Kane:
It looks like 40% of it is good: tax cuts put give households a little of their hard-earned money back to spend in the best way for each family, upgrading the power grid will increase productivity and reduce potentially fatal blackouts, and increasing broadband internet will increase information access (assuming no offsetting erosions in First Amendment rights).

That means the remaining half a trillion is a double horror: not only are we wasting money we don't have today, we are reducing the ability to fund superior projects in the future.

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