stimulus

We hear a lot about our debt. And it is a pressing issue. But where did it come from? Michael Linden, the Center for American Progress's Director of Tax and Budget Policy, looks at what happened in the 10-years since the Congressional Budget Office projected a massive surplus.

Excerpt from the 2012 Vice Presidential Debate at Centre College in Danville, Kentucky. Vice President Joe Biden on Paul Ryan's Stimulus Benefits.

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Among the Hypocrites Newsweek uncovered begging for federal dollars, one name stood out. House Majority Leader Eric Cantor requested tens of millions of federal stimulus dollars to create jobs in his district.

During a March 1, 2009 appearance on ABC’s This Week, Rep. Cantor said that the government can’t create jobs, “And what we see in this budget, frankly, is an attempt, again, to try and stimulate the economy through government expenditure. And, you know, at best what that can do is redistribute wealth. It can’t create jobs; it can’t create wealth. We’ve got to get back to focusing on job creation and creating prosperity.”

Newsweek has uncovered letters that show Rep. Cantor requesting hundreds of millions of stimulus dollars for his district at the same time; he was publicly claiming that government can’t create jobs.

^{Read the rest of the story at PoliticaUSA.com}

"Gov. (Rick) Perry helped balance his budget with about $6 billion worth of federal help, which he happily took, and then started blaming the members of Congress who had offered that help."

Hypocritical Texas Gov. Rick Perry likes to tell Washington to stop meddling in state affairs. He vocally opposed the Obama administration's 2009 stimulus program to spur the economy and assist cash-strapped states.

Turns out Texas was the state that depended the most on those very stimulus funds to plug nearly 97% of its shortfall for fiscal 2010...

_{Read the whole story at CNNMoney.}