My fear is what we've done here in the name of stimulus is actually create an unrestrained, unsustainable spending bill. And since the year 2000 or so, it's very important to note that the Federal Government has actually grown by about 60 percent. We've been on an 8-year stimulus run in the name of spending, if you will, and yet we remain in economic straits at the moment. I think this is very important to point out because the other problem here is the massive amounts of debt that we're going to compile if this bill should be passed. Debt that is unpaid for--the stimulus bill not being paid for--will be passed along to future generations, children and grandchildren, or it will be sold, the wealth asset value of this country sold overseas to foreign debt holders, or it will come out in other forms of taxation such as inflation.
Jeff Fortenberry: “My fear is what we've done here in the name of stimulus is actually create an unrestrained, unsustainable spending bill.…”
Editor's note · Context
Discussing concerns about the economic impact of a proposed stimulus bill.
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