Wednesday, February 4, 2009

Taxpayers will pay stimulus costs

From AP:

While lawmakers and economists debate whether the gargantuan stimulus package grinding through Congress will work, one thing is certain: It will create a hefty increase in the federal debt.

And that will affect us all directly for years, as well as our children and possibly grandchildren. Even if it succeeds in producing enough jobs and consumer and business spending to end the recession, it could lead to a combination of higher taxes, higher interest rates and possibly reduced government services down the road.

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