A 40-Year Wish List: Difference between revisions

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|date=January 28, 2009
|date=January 28, 2009
|url=http://online.wsj.com/article/SB123310466514522309.html
|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.""
|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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{{Opinion|American Recovery and Reinvestment Act of 2009|Act should be passed|against}}
{{Opinion|American Recovery and Reinvestment Act of 2009|Act should be passed|against}}

Latest revision as of 15:46, January 28, 2009

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
Quotes-start.png "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."" Quotes-end.png


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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.