The Washington Post reports:
It won’t be called stimulus. And it won’t cost anything close to $787 billion. But, despite record budget deficits, House leaders plan to pour more cash into piecemeal measures aimed at creating jobs and maintaining a safety net for the unemployed in hopes of preventing a still-fragile economy from lapsing back into recession, House Speaker Nancy Pelosi said Wednesday.
This will be my third time quoting this, but here is Henry Hazlitt’s response to those who think government can create jobs:
For every public job created by a bridge project a private job has been destroyed somewhere else. We can see the men employed on the bridge. We can watch them at work…But there are other things that we do not see, because, alas, they have never been permitted to come into existence.
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