I've been convinced for a long time now that historians will look back on the early part of the Bush administration as the biggest missed opportunity in modern American history. An unexpected economic boom in the 1990s put us in a position to finally put our national fiscal house in order. We could have paid back much of our debt and taken steps to shore up our future liabilities. But instead of we took a bunch of money and lit it on fire, and now we are in worse fiscal shape that we have ever been in as a nation, and there's no light at the end of the tunnel.
The Anonymous Liberal offers perspective on this Stimulus compared to the Stimulus that Bush passed in the early days of his Presidency. The tax cuts actual cost 1.35 trillion dollars. This stimulus only cost 800 billion. Interesting.... Sphere: Related Content