The Congressional Budget Office, the non-partisan actuary to the federal government, has twice warned that President Obama’s stimulus legislation will negatively affect the long-term economic health of the nation.  Although the stimulus is predicted to pull the country out of recession slightly sooner than if it had not been passed, the CBO believes “the legislation will reduce output slightly in the long run” because “the law will result in an increase in government debt.” Moreover, because the report projects the nation will return to full employment, “the reduction in GDP is therefore estimated to be reflected in lower wages[.]”  Simply put, the Administration has chosen to mortgage the nation’s future, and all of our future wages, in order to provide a short-term solution to our economic woes.  In fact, CBO projects that less than a third of the bill’s debt accumulating costs will add to long-term output.

Learn More: http://www.stewardforproperity.org/