- The Stimulus Bill: In his first 100 days, President Obama signed a $787 billion “stimulus” bill that with interest totals $1.1 trillion in new spending. At no time during these 100 days did anyone on Capitol Hill read the entire bill, despite its rapid of growth of government in size and scope.
- Is Not Temporary: All projections on stimulus spending assume that none of the new government programs will continue ad infinitum, which goes against the Washington trend of making programs longer, bigger, but never over. As Milton Friedman said: “Nothing is more permanent as a temporary government program.”
100 Days With a Hole In Your Pocket
April 30, 2009 by kencat3742006