Politics
Politics
Out of context: Reply #9484
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- ukit0
They did - about a third of the stimulus was tax cuts. It basically amounted to a check to the public, but staggered over time by small tax cuts each week in your paycheck.
Another huge part of it, like I said, was to fill in the gaps of state budgets where they were going to have a huge shortfall and wind up in a CA-style budget crisis.
So maybe stimulus wasn't even the best name for it, the actual "stimulative" parts were only a couple hundred billion, and a lot of that hasn't been spent yet. It's more accurately a bailout for the state govs, made necessary by the shit Bush got us into.