Saturday, March 27, 2010
Stimulus evidence one year on
Watching the workers we hired to relandscape the condo grounds (below freezing today, and a Saturday) compared to 2 miles over where ARRA funds are (posted as) being used and nothing is being done, I thought about Barro's article.
The math is a bit over my head, but I can figure out the bottom line. Robert J. Barro says, "Viewed over five years, the fiscal stimulus package is a way to get an extra $600 billion of public spending at the cost of $900 billion in private expenditure."
The stimulus
Labels:
ARRA,
GDP,
public spending
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