Real Stimulus vs. Hand Waving

Posted on January 22, 2008
Filed Under Public Policy |

The linked article nicely sums up why one-off “economic stimulus” packages are nothing more than hand waving designed to convince voters that their politicians are doing something.

Economic stimuli programs are not one-time checks to give people back money they already paid as taxes.

If somebody grabbed your wallet and then handed you back a $20 bill, would you be grateful? Realizing the money was yours to begin with, you would probably call the cops rather than thank the thief.

[From Tax cuts are the best stimulus - Examiner.com]

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