Can Obama keep spending money the way he as in the first year of his term for the following three?



  1. 0 Votes

    Stimulus legislation such as the American Recovery and Reinvestment Act was passed in the beginning of President Obama’s term as a way to jump start the economy.  It was passed through all the governing bodies as required, which means it met the support of the majority as a way out of the economic crisis.  The US federal deficit was $1.3 trillion when Obama came into office, but the legislation’s long term benefits were thought to outweigh the current costs.  If the current administration’s long term goals are met, then the initial cost in stimulating the economy will be beneficial for the nation.

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