By David Sukoff, includes “… That’s just it – there is no stimulus. Tragically, many in Washington believe that there is, and so the vicious cycle persists. Perhaps more nefariously, many in Washington do not care about the vicious cycle, or if there is any actual stimulus. The direct payments are simply a transfer of wealth from some group of people who will eventually pay that debt back in taxes to whatever chosen group the government decides to be the recipient. Of course, the irony is that much of the wealth transfer is from future generations …”
Read the full article on: Foundation for Economic Education