“Stimulus Package” Will Lower Wages For American Workers

Congressional Budget Office (CBO) released another report that is very critical of the recently passed American Recovery and Reinvestment Act of 2009. The CBO analysis, dated Feb. 11, states that the $787-billion plan will increase employment in the short-term, but will run up deficit spending which will “crowd out” private investment in the economy in the long-term:

CBO: "Stimulus" will lower wages for American workers