Tr1v14l Pursu1ts: Congressional Budget Office Says Stimulus Bill is Horseshit

Maxims, rules of thumb and other observations on human cognition and sociocultural affectations

This will be added to on an irregular basis...

What is said to humans directly is received with skepticism and considered with dubiousness while that which is heard in passing, especially that which most conforms to their mentality or prejudices, is readily believed.
Humans have a certain cognitive latency between exposure to new information or experiences and the ability to think dispassionately and intellectually about it.
Humans have a certain cognitive spectrum starting with the moment of exposure to new information or experiences and ending with some point at which the thing is effectively "in the past" for them.
This cognitive spectrum is linked to the emotional process often referred to as shock, anger, denial and acceptance.
The more and faster information or experiences are presented to people and the closer the quarters and the lesser the distance between people, the more their early reactions in the passionate emotional stage are reflected back to them in the manner of responses to those reactions from others in light of those responses.
The more outrages which are suffered without sufficient time to allow emotional bleed-off, the farther the bar for subsequent reaction and outrage are pushed, and the more further events must progress before reaction and outrage.
It is possible for serious detriments to eventually sit below this threshold for long enough for their damaging effects to build and multiply until their entire society undergoes some reactive convulsion.

Monday, February 09, 2009

Congressional Budget Office Says Stimulus Bill is Horseshit

Washington Times - CBO: Obama stimulus harmful over long haul

Best stuff right up front…

President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary.

The congress’ own budget office is calling out Obama and the Democrat controlled congress on this and STILL we’re being treated to a mix of fear-mongering and arrogance as Obama takes the points of view simultaneously that we have to do something, and that we should do whatever he says because he won.

Clearly, the man has a child’s view of government if he thinks that it is a matter of winner take all.

Hat Tip to Right Klik...