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Saturday, February 26, 2011

postheadericon Is it better for our economy to increase spending or cut spending?

February marks the second-year anniversary of President Obama signing the failed stimulus package. Even its most ardent supporters have to admit the stimulus bill failed to create net job growth, and it further created more debt, placing a tremendous burden on our children and our grandchildren.

Instead of causing unemployment to drop below 8 percent by now, as the Administration promised the stimulus bill would do, the unemployment rate in January 2011 remained stuck at 9 percent or higher for the 21st consecutive month â€" the longest period since the Great Depression. 

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