By Rich Lowry,National Review
Obama Stimulus Plan is Pushing the limits
At least the word “trillion” still has cachet as denoting a lot of money. “Billion” has been surpassed during the past few months,and “million” has long been positively quaint.
The Obama team wants to keep its two-year stimulus plan (just) beneath a trillion dollars,sensing that 13 figures is the price point when the public might balk at the fiscal bacchanal. Meanwhile,Democrats on Capitol Hill have dropped their madcap scheme to have the bill ready for Barack Obama’s signature right after his inauguration,which would have required spending more than the entire Pentagon budget ($500 billion) in a matter of weeks. FDR had his Hundred Days;Obama was going to have his Day.