Under the $1.1 trillion measure, government spending doesn’t rise as a percent of the total economy. In fact, if the economy grows as expected, government spending will actually shrink over the next year. The problem with the legislation is who gets the goodies and who’s stuck with the tab. For example, it repeals part of the Dodd-Frank Act designed to stop Wall Street from using other peoples’ money to support its gambling addiction, as the Street did before the near-meltdown of 2008.
Posted on: Wed, 24 Dec 2014 17:42:37 +0000