On the recordFebruary 3, 2009
Some people look at the huge, so- called economic stimulus bill and think it's a Christmas present. But the Federal Government is not Santa Claus. Elves are not producing this money. This money isn't free, and the American people will get the bill. The $1 trillion in spending and interest equals more than $9,000 for every taxpayer. And the unprecedented deficit will inevitably hike inflation and damage the economy. Only $90 billion, or 12 percent of this spending spree, will stimulate the immediate creation of jobs which are needed now. Most of the spending doesn't occur for 2, 3 or 4 years. It would be far more effective to provide tax incentives and investment credits to the small businesses of America that already create 70 percent of all the jobs.
Source
govinfo.gov
