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Re: “The good Huckabee

Dumas: The original stimulus package was about $785 billion, which was supposed to be spent over 10 years but primarily over three years. By the end of this year, nearly all of it will be spent. That $785 billion included $288 billion in tax cuts, not spending, and $225 billion in extended unemployment benefits so that those people whose jobs were not returning would keep fueling demand and for school aid and assistance to the states to prevent deep Medicaid cuts. The other $275 billion or so was for job creation. Those people working on the Shackleford interchange, bridge, widening and resurfacing projects all over Arkansas have been private-industry workers. And so what if the money preserved public-sector jobs? Those people hurt as much as the families of private-industry employees when they are laid off, and their lack of spending harms the economy just as much as the hold back of the unemployed who had private-sector jobs. Laying off a therapist at one of the human-development centers has exactly the same economic impact as laying off a cashier at the Bank of America. That’s one of the jobs of stimulus: to keep people spending money and creating demand for goods and services.

Posted by Dumas on 06/09/2011 at 4:30 PM


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