Academic

BLOOMBERG: Democrats Split on Stimulus as Job Losses Mount, Deficit Soars. Well, the whole deficit?

By Glenn Reynolds

BLOOMBERG: Democrats Split on Stimulus as Job Losses Mount, Deficit Soars. Well, the whole deficit-soaring thing is no surprise. But who knew that shoveling out cash to cronies wouldn’t prevent unemployment from mushrooming? Plus this: “The Treasury is increasing debt sales to pay for the spending. After more than doubling note and bond offerings to $963 billion in the first half, another $1.1 trillion may be sold by year-end, according to Barclays Plc. The second-half sales would be more than the total amount of debt sold in all of 2008.”

Full post as published by Instapundit.com on July 08, 2009 (boomark / email).