Bailout

Can 1,073 Pages Save One?

By USLaw.com

The final draft of the $789 Billion economic stimulus bill passed a one-sided 246 to 183 House vote at 1,073 unread pages. Without a single House Republican and only three Republican Senators, the President and Democrat party are pinning their hopes for an economic recovery on 496 pages of appropriations and 577 pages of tax code changes. With a federal government as partisan as ever, debt exceeding three quarters of GDP, a technically insolvent banking sector, household wealth that has been halved, and unemployment accelerating, the stakes couldn’t be higher. The future of the Republic could well hinge on it’s success.

Full post as published by Bailout Report on February 13, 2009 (boomark / email).