Peter Schiff, Congressional Budget Office Speak Out Against Big Lie Called "The Stimulus Bill"

2-6-09

People were laughing at Peter Schiff a few years ago when he tried to tell those who would listen that this current financial mess was coming and it would be dramatic.

Now that the 780 BILLION DOLLAR taxpayer giveaway is probably close to winding up on Obama’s desk, with almost zero Republican Congressional support, where he can sign it to great media fanfare, Mr. Schiff again weighs in with what we can look forward to in the future when after this monstrosity is signed into law.


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Schiff isn’t the only one that knows what’s coming. The Congressional Budget Office says we would be much better off if Congress did nothing at all!

President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

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