The people that are against the stimulus package argue that it's wasteful and too expensive.  These are the same idiots that were cheerleaders of wasteful spending by the previous Bush Administration and state planning by Alan Greenspan when he set the interest rates artificially low in order to generate growth.  Well, let's remember that times like these is when government is supposed to step in and spend money, independent of whether or not we have a current account deficit.  To make my point even more clear, the recession we're going through now is global and everyone has to spend in order for us to get out of it.  Worse, quickly trying to balance the budget in the face of a nasty recession will only make it worse, deepening the deficit and recession.  Don't believe me?  Just ask the Hashimoto government of 1997.
A new economic order is sorely needed and it will be a global effort. But considering how our central bank has exhausted monetary policy, fiscal policy is all we have left.
			
			A new economic order is sorely needed and it will be a global effort. But considering how our central bank has exhausted monetary policy, fiscal policy is all we have left.
				
		
			