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...entirely uncontroversial assumptions about how the economy works, Zandi's firm has estimated the one-year impact on GDP of several stimulus proposals per dollar of spending or lost revenue; for example, a tax rebate like this summer's would generate $1.22 on the dollar. Extending unemployment benefits would bring in $1.63; infrastructure spending, $1.59; and a temporary increase in food-stamp benefits, $1.73. Making the Bush income tax cuts permanent would bring in just 31˘ on the dollar. So spending increases would seem to be in order. Bush has resisted that so far--and may continue to resist...
...quizzed economists on the topic a decade ago, most would have told you that passing legislation to stimulate the economy was pointless. Getting the timing right was too hard. Increasing the deficit could bring higher interest rates that would stifle growth. Besides, the Federal Reserve, with its legions of smart economists and ability to make quick changes in monetary policy, was in a far better position to battle downturns than Congress...
Does immense wealth truly bring peace of mind? Henry Assen, BRUSSELS...
...regret saying some things I shouldn't have said, like "Dead or alive" or "Bring 'em on."' GEORGE W. BUSH, when asked on CNN about the highs and lows of his time as President...
...president of the South Asian Women’s Collective. Some random person comes to the party and is pretty drunk and may need to go to the hospital,” said the participant, who spoke on condition of anonymity. “Do you bring that person into UHS at the risk of your organization and the Spee...