January 21, 2009 - 05:58 pm
News Feed: National

Congressional Budget Office Slams Stimulus Plan

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I referenced this yesterday in another post, but it bears repeating here: the Democratic stimulus package has already failed. That is the finding of Congress’ own budget office — the CBO — which has determined that the spending component of the bill will come far too late to help restore economic growth:

Less than half the money dedicated to highways, school construction and other infrastructure projects in a massive economic stimulus package unveiled by House Democrats is likely to be spent within the next two years, according to congressional budget analysts, meaning most of the spending would come too late to lift the nation out of recession.

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