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“Well, people when I say that look at me and say, ‘What are you talking about? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, I’m telling you.”
They're looking at you like you have 3 friggin heads, you imbecile.
NEW YORK (Reuters) -- The United States may need a second fiscal stimulus worth $200 billion to $250 billion to support labor markets, leading economist Nouriel Roubini said Thursday, adding the worst of the crisis is already behind us.
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"It might be in the $200-$250 billion range -- not too small, not too big," he added.
But if the next stimulus is too large, Roubini warned, financial markets would start to get worried about U.S. fiscal sustainability, with "severe" negative consequences for bond markets.
Roubini conceded, however, that "the worst is behind us in terms of economic and fiscal conditions," as the economy is still contracting but at a slower pace.
"There is light at the end of the tunnel. And for once it is not an incoming train," he earlier told investors during a presentation.
A 2nd one won't help much if the first one isn't distributed sooner.
Why have a second one when there's already money put away for 2010 and further out. If anything bring those plans to spend that money into this year instead.
The gubmint has to take our money and spend it because we would not spend it correctly. For instance, we would never think of spending $3.5 million on a turtle tunnel or $650 million for TV converter coupons (someone got rich on that pig) or $248 million for new furniture for Homeland Security. But with all the smart stimulus spending from our leaders, they didn't forget to keep about $246 million in tax cuts....for Hollywood movie producers to buy film.
See, we would have never thought of those great ways to spend our money, that's why we need Washington to take our money and do it for us.
All of a sudden the sheep don't like the government spending money after the morons they voted for (twice) left this country one TRILLION dollars in debt.
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