• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Three Problems with the New Economic Stimulus Bill

    Heritage’s Rea Hederman discusses three problems with the proposed Economic Stimulus Bill currently before Congress. In July, the Bill was projected to cost $25 billion dollars. Since then, the projected cost has doubled due to spending projects that should have been taken care of with the Budget process. The Bill will also increase the already large national deficit. The most expensive items are proven failures.

    Hederman also points out sensible measures that Congress can do to help the economy, lower gas prices, as well as lower the cost of food at the same time.


    Posted in Ongoing Priorities [slideshow_deploy]

    3 Responses to Three Problems with the New Economic Stimulus Bill

    1. Darvin Dowdy, Houst says:

      There y'all go again. Pickin' on the Corn Ethanol Program. I was in the store today and saw a can of Green Giant corn: 59 cents. And my favorite Mexican food place, yes they had to go up. About 50 cents for a plate of enchiladas. Big Deal!

      What about the massive amount of export money our nation is bringing in as a result of the higher worldwide price of grain? Have you forgotten that the U.S. is the largest exporter of grain on the globe? And that the Corn Ethanol program has, indeed, driven the price of grain up?

      The 6.7 billion people on this earth have to eat and they depend on U.S. farmers and agri-business to fill their belly's. And the U.S. farmer deserves to be paid well for their hard work. Grain prices are finally at a level where that can be realized.

      Its not like the HF dynamo's to limit themselves to one facet of a many faceted issue. We expect more from you and 99.9% of time we get it. Why not this time? Darvin Dowdy

    2. Steve says:

      Just one question in response to Darvin's comment:

      Does it make sense to burn food?

    3. Branden Petersen, Co says:


      The problem isn't necessarily the corn alone, you are right about that. It is the government intervention in a market creating artificially high prices on both corn and grain. Why would the government subsidize ethanol if it isn't a viable, efficient fuel source? What happens to those farmers making record profitswhen there isn't an unfair subsidy from the government? Yes, you guessed it, they may fail and that is what happens when you don't bring the right product at the right price to the market. If you don't allow someone to fail then when does it all end? It ends when the taxpayer can't bear the burden of failing, inefficient "private" business.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.