Hangover Follows Stimulus Spending Spree
SEPTEMBER 21, 2009
“After a two-week binge to meet President Obama’s 200-day goal, stimulus spending has plummeted once again – and the roller-coaster pace of spending has critics worried about how the money is being spent.
“Throughout the summer, the administration had averaged about $4 billion in new spending obligations per week, but went on a two-week $25 billion spree just in time to meet the president’s $225 billion goal for the first 200 days. Spending plummeted to less than $4 billion in the week of Sept. 5 through Sept. 11.” (Washington Times, Monday)
Plummeted to $4 billion? Gives “hair of the dog” new meaning.
FEE Timely Classic:
“A Government Program for All” by Paul Cwik