This article by CNN said pretty much the same thing I concluded this weekend, the stimulus, because of all the borrowing that the government will have to do to fund it, will likely have the effect of raising interest rates. Of course, if it happens, it will occur at the absolute worse time for the economy. But economics cares very little about the desires of humans.
However, what was even more surprising to me was how much debt some other countries have on their balance sheets. What I find particularly funny though is that other countries bad planning is used as justification for the United States to do the same thing. I am not sure if I feel comfortable being bucketed in the same class as some of the other countries who could not live within their own means. The U.S. should be a leader, not like everyone else.
