So it seems like the federal government's going to go ahead and cut everyone in America a check, which is nice and all except for a) it will likely do little to stop a recession, seeing as how it's a tiny sliver of GNP and b) we'll have to pay for it later since there aren't any spending cuts elsewhere to balance the expenditure.
We're basically borrowing (stealing if you're of a more cynical mind) from our future selves to pay our present selves. But on the plus side, it will help me pay off my MacBook Pro...
Thursday, January 24, 2008
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