President-elect Barack Obama’s proposed $775 billion stimulus package, being sold as a cure-all for the ailing economy, is little more than a checklist for funding the pricey social-services agenda that he promised during his campaign.
Some experts say that the Trojan horse of pork and welfare spending will ultimately worsen the recession and drive the nation deeper into debt, according to financial experts.
Most of Obama’s costliest promises have found their way into the so-called American Recovery and Reinvestment Plan, which now includes everything from an expansion of Pell grants for college students, to health care for the unemployed, to an expansion of unemployment benefits, to investment in renewable energy.
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