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Wednesday, June 23, 2010

Recession Bill Loaded with Pork


“As the Senate scrambles to scale back a $140-billion recession relief bill, the poor, the elderly and the unemployed are bearing the brunt of the squeeze. But NASCAR track developers, movie producers and other special interests are likely to escape unscathed. Those businesses stand to gain $32 billion in tax breaks as part of the bill, which has been stalled for weeks because of rising complaints about deficit spending.” (LATimes, Wednesday)

Shocker: Pork bill with real pork in it!

FEE Timely Classic:
Another Shocking Reversal in Macroeconomics” by Mark Skousen