For a few weeks now, the idea of a second economic stimulus package has been floating around. The new package, is expected to be less about handing out checks and more about propping up certain sectors of the economy. And, while it wasn’t getting a lot of traction prior to the election, it is being turned to again now. Yesterday’s announcement of a Chinese stimulus package probably has a lot to do with it.
As a result of a likely second stimulus package, the national deficit, which has already blown past $10 trillion, is going to head higher. There is no …read more

What would you do if the government handed you a check for hundreds of dollars? We found out a few months ago what would happen — and it wasn’t economic stimulus. I wasn’t happy with the original economic stimulus payment because I didn’t think it actually addressed any of our underlying problems with credit and consumer spending fueled by debt in our country. A second economic stimulus would do about as well as the first one. Plus it would add a great deal to our national deficit.
But the folks in Washington have decided that the best way to show their …read more