Monday, October 19, 2009

Is the fiscal stimulus really "temporary"?

Brill and Roden's answer:
The "American Recovery and Reinvestment Act of 2009" (ARRA), was rushed through Congress on the grounds that fast-acting and temporary measures were needed to counteract the recession....However, many of the provisions in the stimulus will not be temporary....All told, the Obama administration's budget seeks to make at least 37% of ARRA's spending and tax cuts permanent.