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Subject:  Re: Little known facts Date:  11/12/2012  4:03 PM
Author:  MadCapitalist Number:  654814 of 876064

Note, however, that federal spending remains at a new plateau, some $800 billion more than the last pre-recession year of 2007. One way to think about this is that most of the $830 billion stimulus of 2009 has now become part of the federal budget baseline. The "emergency" spending of the stimulus has now become permanent, as we predicted it would.

I hate when they make obvious errors. The "cost" of the stimulus is over a 10-year period, and somewhere around a third of it was tax cuts.

However, I do agree that the massive expansion of government is the new status quo.
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