An overoptimistic stimulus plan

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This is an opinion item.

Author(s) Jeff Jacoby
Source The Boston Globe
Date January 28, 2009
Quotes-start.png "In the 1990s, Japan tried without success to deficit-spend its way out of recession, enacting 10 "stimulus" bills in eight years and spending trillions of yen on public infrastructure. Yet unemployment grew worse, the economy remained anemic, and Japan was left with the largest national debt in the industrialized world: 170 percent of GDP." Quotes-end.png

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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.