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How only $144 billion of the $825 billion U.S. 2008-2009 Stimulus adds value to the economy, the rest increases U.S. Debt
01/16/2009
As much as the Stimulus was needed a lot goes to stabilize the economy and shore up the banking system, only a small portion 17% goes into productivity increasing improvements. The rest increases the nation's debt which has implications for the future in terms of austerity measures to reduce debt to GDP ratios. These future costs are all part of the costs of the bubble and financial crisis.
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