11/16/2011

BREAKING! CBO: President's "Stimulus" Hurts Long-Term Economic Growth

h/t to The Rush Limbaugh Show

Doug Elmendorf of the Congressional Budget Office testified before the Budget Committee today that the effect of President Obama's $800 Billion stimulus package is that it would be a "drag" on long term economic growth. $800 BILLION!! And over the long term it will hurt the economy! Finally somebody said what many of us, who are not economists, have said ever since they proposed this monstrosity. Keep in mind that this is just the "stimulus" bill. This does not take into account ObamaCare and all of the Trillions of dollars that have been spent on bailouts, Friends of Obama "investments" to Solyndra and others.



Posted by Brian
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