President Obama's top economic adviser last summer...
Quote:
"poorly provided fiscal stimulus can have worse side effects than the disease that is to be cured." So his proposal had three clear guidelines.
"First, the stimulus should be timely. The money should go out “almost immediately.” Second, it should be targeted. It should help low- and middle-income people. Third, it should be temporary. Stimulus measures should not raise the deficits “beyond a short horizon of a year or at most two.
|
Long-term social investment programs shouldn't be part of a stimulus bill.