An article by economist James K. Galbraith contains a chart - based on information from Moody's and congressional testimony - showing the most bang for the buck from government stimulus programs:
(Click here for full image).
What a dollar of stimulus puts back into the economy when spent on...
Of course, there will be a fierce debate about whether there is the money for any stimulus program, when the government has already run up huge obligations for which it cannot pay.
And of course, if there is a stimulus plan, people will argue as to who should receive the stimulus based on ideology (For example, Galbraith is liberal, so he argues for liberal causes).
I'm not going to weigh in on any of these questions. I'm just sharing the info presented in the chart.
As a political activist for decades, I have rejoiced in victories for the people and mourned in defeats. I chose the pen name "George Washington" because - as Washington's biographies show - he wasn't a (more...
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