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CBO: Stimulus Bill Could Meet Obama's Job Creation Goal in Short Term

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All Stimulus Plans are merely the "Fleecing of the American People". The International Bankers are ripping off Americans and we will be paying for decades with our Federal Income Tax Dollars. A complete and total rip off.
Banks that make poor/bad business decisions should fail. We should not bail out any Bank or Company that has made bad business decisions.
A Free Market Economy will adjust itself. Lessons are to be learned not covered up with Bailout Money!
Power to the People! Contact your Senators and DEMAND they vote NO to any and all Stimulus and Bailout Plans. Take our Country back by not paying taxes! The Federal Government is totally out of control!

Joe America of DC 4:35PM February 08, 2009

If piling up more debt on a highly indebted society is good economics, then Louis XIV was an economic genius.

Brian of MN 5:39PM February 07, 2009

I find it darkly amusing at how apparently unaware the USN&WR editors are of their own bias. The title of this article does not characterize the nature of the CBO report and it will be used by Obama and Democrats to hammer Republicans for "preventing the creation of millions of jobs". But, if as the CBO projects this "stimulus package" (how about Government Growth & Spending Act?) will in fact harm the economy in the long run - isn't that the big story? Isn't that what should grab the headline, or at least share equal billing? Who can argue that it is obstruction or partisanship that drives conservatives to oppose this bill in light of this CBO projection?

Tedd Walther of NC 1:56PM February 06, 2009

Like most of us, your not qualified to determine all of the ramifications of tax cuts or gov't spending on infrastructure. Nevertheless, if we entertain your thoughts, how much of the gov't infrastructure spending will be LOST in fraud, waste, abuse, theft, human error? If we're lucky, it will only be around 30%. On a bad day, 50% easy. Moreover, much of the proposed spending on infrastructure doesn't happen until 2 & 3 yrs down the line according to many reports. That does no good for a sagging economy now. The same can be said for fuel efficient cars, scientific research, support for college, and businesses. You may not know it but all these entities have perfected schemes to separate our tax dollars from the gov't. Scientific research programs like "evolution" that don't come near meeting the minimum standard of the scientific method: Question, Hypothesis, Prediction, Test, Evaluate Data, Repeat test, Conclusion. After billions of dollars spent on the so called scientific research of evolution and man-made global warming, there is neither conclusive or consensus of opinion. The TEST simply do not duplicate results, more test and research is proposed, and the dollars keep on rolling out the door! How many billion will it take before you’ll see that it’s a PIMP game; but I digress. Going into debt to invest in ones future is predicated on sound financial principles; the ability to repay at some future date. Does the gov’t currently have a “credit score” and “credit profile” that would meet any banks lending criteria? NO WAY. A college student who applies for a loan is NOT ALREADY saddled with MASSIVE debt. Moreover, because of the reality that SO MANY students don’t and aren’t able to repay loans, parents are asked to take out student loans in conjunction with the student’s loan especially in the 1st and 2nd year of college when it not conclusive the student will every graduate and increase their earning ability to repay. Additionally, students have found out that it’s not WORTH it to take out massive debt to pay for college as the debt BURDENS them so far into the future that it’s not a tenable strategy upon closer review and much can happen that was NOT PLANNED for making it impossible to pay. If everything went as planned, and there was no UNEXPECTED, it’d probably work out. But then there is “Murphy’s LAW”. Lastly, if taking out more debt were such a great ideal, Susan’s comment shouldn’t be complaining about the lack of job training. All she’d have to do is BORROW the money, get the training, pay the BORREWED money back and live happily ever after….But it’s not that simple. The truth be told, borrowed money has to be spent PRECISELY in an area where it will get a GREAT return somewhere in the future. For example, many doctors believed that borrowing for a medical school education would pay off but they have found out that its VERY DIFFICULT to generate income to live on and pay debt especially with THREATS of a national healthcare system

William Kenneth of GA 12:13PM February 06, 2009

I dont see how spending money would create jobs if a very small portion is going for job training. Education in many states is being cut to make the state budget balance. I do beleive a bill needs to be passed but without pet progects and pork spending. I think the people in Wastington forget who they work for.They work for me, they are supposed to be my voice. I am a dislocated worker since Dec. Trust me I would rather have a job than collect unemployment. The sad case is I need new job skills. With funding being cut how do I get them? Washington needs to listen to what the country is saying to them. Work together and come up with a plan that will help all Americans not just a select few. I would rather have a tax cut than condoms, I would rather have food on that table than office furniture. I figure they owe me after all I put them there and I can take them out by voting them out, Washington just remenbwe who you work for. Susan, Henderson Nv

Susan of NV 9:19AM February 06, 2009

Which do you think helps the economy more... Giving someone a tax break where the extra money goes to pay off old debt and maybe a little in a bank that is only allowed to use a portion of it for investment... or, the government having it and spending it on infrastructure, fuel efficient cars, scientific research, support for colleges and incentives for businesses? Should we invest in our future or pay off old debts. Going more in debt to invest in the future may sound like a bad idea but it is the only one we have that gives us a real chance to get out of this mess. Taking out a loan to increase your future earning potential works. Ask any college student!

Rick Coila 9:31PM February 05, 2009

As the Heritage Foundation pointed out yesterday, if the E-Verify system (which checks to see if workers are legally authorized to work) is not included in the stimulus bill, about 300,000 of the jobs created will go to illegal aliens!
This would be outrageous and unacceptable. ANY jobs created -- especially those created through U.S. taxpayer dollars -- MUST go to U.S. citizens and those legally authorized to work in the U.S.
Please call your senators and urge them to include E-Verify in their version of the stimulus bill.

Joe of PA 7:07PM February 05, 2009