It's Official: The Stimulus Isn't a Waste of Money

Discussion in 'Economy' started by Dick Tuck, Oct 2, 2010.

  1. Dick Tuck
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    It's Official: The Stimulus Isn't a Waste of Money

    People of good faith can disagree over whether President Obama's $787 billion stimulus package is creating enough jobs, piling on too much debt or helping the country in the long run. But it's about time to retire one set of critiques of the stimulus: that it would be riddled with fraud, hamstrung by delays and crippled by cost overruns. So far, while the American Recovery and Reinvestment Act is clearly not a political success, it is just as clearly a managerial success — on schedule, under budget and, according to independent investigators, remarkably free of fraud.

    On Sept. 30, the Administration met its self-imposed deadline of spending 70% of the Recovery Act funds, $551 billion, by the end of the fiscal year. Almost all of the unspent stimulus money is already committed to specific projects, except for a few longer-range initiatives like high-speed rail and electronic health records. And the completed work has cost less than expected, so the savings have financed more than 3,000 additional projects, from airport improvements in Atlanta to new child-care centers at military bases in Louisiana, North Carolina, Mississippi and Oklahoma, from a new five-lane road in Jacksonville, Fla., to a $14.5 million transformation of a World War II ammunition factory into an eco-friendly government building in St. Louis.

    ...​
     
  2. william the wie
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    william the wie Gold Member

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    Nobody is going to be convinced by those citations until and unless unemployment gets below 6%
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    It's never a waste of money when those funds end up in the pockets of gubmint bureaucrats! :rolleyes:
     
  4. elvis
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    elvis BANNED Supporting Member

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    Put the fucking lotion in the basket!!!
     
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  5. Charles_Main
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    Charles_Main AR15 Owner

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    200k per job is worth it. Yep!
     
  6. Dick Tuck
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    CBO is reporting that unemployment would be 1.5-2% higher, had it not been for the stimulus. But the fact remains that all required benchmarks were met, proposals for projects came in under estimate, the howls on waste and fraud turned out to be false, and there was enough money left over to fund 3,000 additional infrastructure projects.
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    You cannot prove positive results with negative evidence.

    Even the pencil pilots at the CBO should know this.
     
  8. Dick Tuck
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    Dick Tuck Board Troll

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    Depends what that job was to do, don't you think?
     
  9. Charles_Main
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    Charles_Main AR15 Owner

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    You mean like that Bench Mark that unemployment would not go above 8% if we passed it?

    Yeah that worked out GREAT!
     
  10. william the wie
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    william the wie Gold Member

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    Judging by the posts that followed the above I would say my opinion about how convincing your argument is has been proven.
     
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