Stimulus spending DOES stimulate the economy (Write this down; Bob’s actually saying this), which is why the Democrats are constantly trumpeting it. Here’s the problem, though; it’s very hard to say that government stimulus actually stimulates the economy MORE than the alternative.
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Last night, both President and Obama gave speeches regarding the debt limit debate going on in Washington, D.C. I did not watch the speeches, but I did read the text of both of them. Here are my thoughts as I read them (if you would like to read them, you can read the president’s here, and the speaker’s here):
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