In 2009, President Obama unveiled his much heralded stimulus plan to get America working again. It was a government jobs program to fix roads and infrastructure across America. From sidewalks to potholes to local courthouse renovations, President Obama decided to stimulate the economy the way liberals aways do — by spending government money instead of reducing regulations and letting the private sector thrive.
Well, Hillary Clinton is proposing to do the same. She wants a massive infrastructure plan that would raise the deficit and the long term debt. Republicans last week ridiculed Clinton for such an extravagant Obama style stimulus plan. Today? Trump says he intends to double Clinton’s spending plan on infrastructure.
Like Obama and Clinton, he’d use bonds to pay for it, putting us further into debt. Like Obama and Clinton, he believes it would create jobs.
Milton Friedman rolls over in his grave mumbling, “Give them spoons.”