Sorry, no results found!



    Government spending is not stimulus


    Government spending gives people income, which they spend, stimulating the economy

    Douglas Elmendorf, director of the nonpartisan Congressional Budget Office, testified to the House Budget Committee on January 27, 2009 (via the Nexis database): "[I]n our estimation -- and I think the estimation of most economists -- all of the increase in government spending and all of the reduction in tax revenue provides some stimulative effect. People are put to work, receive income, spend that on something else. That puts somebody else to work."