February 5, 2009 - 11:59 am
News Feed: Massachusetts

Senator Collins seeks to push US into depression?

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This from the NYT today really is insane:
Anxious over the ballooning size of the proposed economic stimulus package, now at more than $900 billion, lawmakers in both parties are working on a last-minute plan to strip $200 billion from the bill.

The effort is being led by two centrist senators - Ben Nelson, Democrat of Nebraska, and Susan Collins, Republican of Maine.

The problem with the stimulus bill is not that it is too big, but that it is, if anything, too small. History shows very convincingly that one big stimulus program -- to spur growth and change popular expectations -- is the best way to break out of a recession.

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