Stimulus Bang for the Buck chart: Note a payroll tax holiday vs making Bush tax cuts permanent

[flpoljunkie]

BANG FOR THE BUCK

What a dollar of stimulus puts back into the economy when spent on...



From Mother Jones article: Stimulus is for Suckers By James K. Galbraith
December 8, 2008

http://www.motherjones.com/news/feature/2009/01/stimulus-is-for-suckers.html

[flpoljunkie]

1. Pehraps Obama will point out the lack of stimulative 'bang for the buck' for tax cuts to the R's--as

the media can't be bothered to give us the facts.

[Aloha Spirit]

2. Here is Orszag's stimulative breakdown from his Jan 2008 testimony to the Senate Finance COmmittee..

"Characteristics of Various Policies as Short-Term Economic Stimulus", Table 1, it is about 2/3 down the page
http://www.cbo.gov/ftpdocs/89xx/doc8932/1-22-TestimonyEconStimulus.htm

[Aloha Spirit]

3. Only two items are "Large benefit/short time frame/small uncertainty: Extend unemployment benefits

and increase food stamp benefits.

I watched his testimony on cspan while sick a year ago, and thus began my Orszag obsession.

[flpoljunkie]

4. And, that jives perfectly with the Bang for the Buck Stimulus Chart

[Aloha Spirit]

5. yep. It's hard to debate when one side has facts and the other has dogmas.

When will it change.