Tennessee's excellent U.S. Sen. Lamar Alexander is rightly deploring the failure of the $862 billion "stimulus" bill that President Barack Obama signed into law two years ago.
"The so-called stimulus plan ... not only failed to create the jobs that would keep unemployment under 8 percent, as taxpayers were promised, but also added over a trillion dollars to our already-staggering debt, which is now the most urgent problem facing us today," Alexander said in a news release on the anniversary of the stimulus.
The senator, who voted against the "stimulus" in 2009, added, "There is no doubt about the fact that it increases our national debt." The stimulus, he said, increased our national debt by an amount of money greater than the cumulative debt amassed "from the beginning of the Republic until 1982." It is adding $10,000 to the share of the debt owed by every U.S. family.
Don't you wish a majority of the 100 U.S. senators were as sound as Alexander, that all 435 U.S. representatives were as sound as our Rep. Chuck Fleischmann, and that President Barack Obama were not convinced additional spending is the solution to our economic problems?
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Faced with the prospect of a total economic collapse, Presidents Bush and Obama did the fiscal responsible thing to use stimulus money to prime the economy. With the Dow now almost fully recovered, consumers are spending again and unemployment is still high but dropping, maybe our Senator Alexander needs to wake-up and do a reality check that the stimulus has already worked.
Indian,if you would look at recent border/immigration statistics you would find that every catagory of enforcement is improved from the Bush years.
Bad information is worse than no information.
EaTn,
Indeed the stimulus saved the US from an almost certain meltdown and bought some time,BUT...to think that we are in recovery mode is a stretch. The stock market is levitating because of Fed POMO money being injected to the tune of $75B per month. Sales tax receipts indicate consumers aren't spending,and the percentage of the population in the workforce just hit an all-time low.
We are still facing the worst of the storm.
nucanuck-- you may be right, the stimulus may have been a temporary fix. But given the choice between sinking or bailing water, I'm still glad we did the latter. History will tell whether or not it was a wise choice. Now is the time to prepare for the worst and hope for the best.
The goofball adjective, the writer used, in the first line of this Op-Ed says it all! "Tennessee's excellent U.S. Senator Lamar Alexander, Blah, Blah, Blah....Sounds like the writer has a gushing school girl crush on "His Excellence".
ceeweed, are you just now figuring that out about the "conservative side of the T-FP?
Senators Alexander, Corker and the rest of the GOP are willing to do anything to make sure that Obama is a one termer. It doen't matter if it is bad for the country as long as itis good for the GOP.
Look at the new house leadership, they campaigned on jobs and now they are more concerned about a woman's uterus than jobs.
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