I spent most of the weekend watching the debate in the Senate on the stimulus bill, or listening to people talk about the debate on the stimulus bill. I know I am suffering from stimulus bill overload, but before I go stick my head in an ice bucket, I want to make the following points.
First, it makes no sense to say "This isn't a stimulus bill - it's a spending bill!" Stimulus is spending. Period.
Second, we are in deep trouble and it's going to last a long time. The criticism that some funds spent under the plan won't hit the economy until 2010, or 2011, or 2012, is no criticism. We'll need it then, too.
Third, the plan must do more than fund "shovel-ready" projects, i.e. those in construction and physical infrastructure. The labor force is engaged in a significantly wider range of fields, industries, and services.
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