The Charleston Post and Courier has a story here about where the stimulus money is going. Much of it has been used to maintain existing programs such as Medicaid and education, the paper reports.
What was interesting was the first half of a paragraph midway through the story:
Some economists and critics from the political realm have argued the $787 billion package championed by the Obama administration was too small, and would be spent too slowly, to stimulate the economy. Others have said the stimulus spending is too expensive, and fear that adding to the nation’s considerable debt will have dire consequences.
While certainly opponents of the stimulus program have made their voices heard, it’s somewhat surprising that there are folks out there, particularly economists, who think $787 billion isn’t enough money to get the economy back on track.
You either believe in the stimulus concept or you don’t, but let’s say you are enamored with the idea of the government using tax money to “stimulate” the economy but don’t think the federal government has set aside enough taxpayer money yet. Just how much more would you propose we spend if $787 billion isn’t enough?