Sunday, January 3, 2010

Will latest jobs bill really produce jobs?

When the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging the government tens of billions of dollars further into debt.

Dubbed the "Son of the Stimulus," if passed, will be thrown onto ever-growing debt pile. A debt pile that only days ago was attracting bipartisan support to stabilize. Government spending does little to spur investment, which is the critical component to future sustainable growth. More important, this New Deal style spending will not support the U.S. dollar.

Source: finance.yahoo.com

0 comments:

Post a Comment