The question for some economists is whether the money is being doled out fast enough. According to the plan, 70 percent of the total is to be spent through next fiscal year, and all of the funds won’t be distributed until 2011 or beyond.
“One of the criticisms of the stimulus package has been that it’s somewhat backloaded,” said Dean Maki, co-head of U.S. economic research at Barclays Capital Inc. in New York. “So the more of these projects that can be started now when the labor market is so weak, the better for helping achieve sustainable growth over time.”
The stimulus was passed with full knowledge that few shovel-ready projects would truly be funded. Much of the effect is simply to increase spending on existing programs that would have been completed anyway. The intent is not to build revenue-producing infrastructure improvements. The intent all along was to increase the amount of currency in circulation. Inflation is the U.S.'s stealth strategy to pay off its massive unfunded liabilities in Social Security and Medicare.
I never take my eye off the ball. That's why I own gold.
