David Brooks’ criticisms of the Stimulus Package

David Brooks, the closest thing to a conservative over at the Newsletter for the Social Democrats (the New York Times) has some valid criticisms of the Democrats’ massive stimulus package.  Read the article here.

Brooks opines:

But the stimulus bill emerging in the House of Representatives does neither of these things. The bill marked up Wednesday in the Appropriations Committee is a muddled mixture of short-term stimulus haste and long-term spending commitments. It is an unholy marriage that manages to combine the worst of each approach — rushed short-term planning with expensive long-term fiscal impact.

Brooks also endorses an idea that I really like, a payroll tax holiday:

There is a strong case to be made for a short, sharp stimulus package to restrain the collapse of the American economy. This would involve big, simple programs with immediate impact — a temporary cut in the payroll tax, big aid to the states, expanded unemployment insurance and food stamps.

Read the whole thing.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s