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[sebastian_dangerfield]

Originally Posted by Adder

Actually, caving is no longer my view. He chose to get stimulus instead of some amount tax increase. I don't think that is a crazy choice



I don't think there is anything stealthy about the stimulus effect of the rest of the package.



I think everything but the higher earner tax cuts and the accelerated depreciation is reasonably effective (and the latter of those is basically irrelevant).

Here's what Macroeconomic Advisors says.

That's a lot of debt service for 1/2-3/4 point growth.