Obama Stimulus Bears a Closer Look

There is a new article by Will Wilkinson today at the CATO Institute site with a short review of and recommendation for Obama's proposed stimulus plan.  The article is entitled "Obama Stimulus Bears a Closer Look."  A tax cut to individuals and businesses would be an immediate stimulus to the economy.  The author proposes a Social Security Payroll Tax cut.  This would be easy to do, and would give tax breaks to both individuals and businesses.  Also, when the crisis is averted, the tax could be easily reinstated.

The part of Obama's plan that involves building infrastructure is a different story.  This would not act as an immediate stimulus, and would allow for plenty of corruption.  I am never comfortable when the government thinks it can do a better job spending my money than I can.