A 40-Year Wish List
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This is an opinion item.
| Author(s) | The Wall Street Journal editorial board |
|---|---|
| Source | The Wall Street Journal |
| Date | January 28, 2009 |
| URL | http://online.wsj.com/article/SB123310466514522309.html |
| Quote | "Add the roughly $20 billion for business tax cuts, and by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus. And even many of these projects aren't likely to help the economy immediately. As Peter Orszag, the President's new budget director, told Congress a year ago, "even those [public works] that are 'on the shelf' generally cannot be undertaken quickly enough to provide timely stimulus to the economy.""
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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.
