The new administration is communicating to the country that $819 billion is the answer to the recession.
I want the economy to turn around, really I do. I am just having a hard time imagining $819 billion dollars. I am generally a fan of low government spend, free markets and all. But I know that we, as a country and a world, can’t get out of this mess without help. I appreciate that the new administration is doing something quickly. I just still have a hard time imagining $819 billion of our tax dollars being spent. I am fast forwarding in my mind to twenty years from now and think about the effect this current spend will have on long-term debt. I hope the economists are correct and this spending will bail the country out of recession and that the subsequent economic boom will neutralize the debt.
Wait and see, wait and see.