"In other words, what was labeled a 'stimulus' bill was actually a stimulus to government transfer payments — cash and benefits that are primarily rewards for not working, or at least not working too hard."
Saturday, February 20, 2010
The 'Stimulus' Actually Raised Unemployment
"In reality, as the CBO explains, 'five programs accounted for more than 80% of the outlays from ARRA in 2009: Medicaid, unemployment compensation, Social Security ... grants to state and local governments ... and student aid.'
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