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Stimulus impact on distressed areas is questioned

 By Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) — A top Democratic House lawmaker on Wednesday questioned whether President Barack Obama’s $787 billion economic stimulus plan is working as intended, in the latest evidence of dissatisfaction with the huge recovery package. “It is unclear as to whether recovery act funds are going where they are needed most,” said […] Continue reading →

President’s PAYGO Proposal is Unworkable

 Posted June 9th, 2009 at 2.12pm in Ongoing Priorities. President Obama today is promoting a Pay-as-You-Go (PAYGO) statute requiring that tax cuts and entitlement expansions be collectively deficit-neutral. Congress is likely to take up the proposal later this month. Since 2007, Congress has had a PAYGO rule mandating that each new tax and entitlement bill be […] Continue reading →