It does not matter who said it or if they said it at all (but neither did). what matters is where is the money going to come from? it will be printed by the mint at the bequest of the secretive non governmental entity called the federal reserve board. we should abolish it because it amounts to having a "central bank," which is unconstitutional. if they issue orders to print up the dollars necessary to pay the workers (temporary federal workers because when the infrastructure jobs get done, they will not have a job anymore) to "stimulate" the economy (like i said, it's temporary), that means that the value of your dollar today goes down and down and down the more new dollars are printed until it gets to a point where, like before the nazis seized power in germany, you have to bring a wheelbarrow full of dollar bills to the store to buy a loaf of bread.
obama inherited a budget deficit of amazing proportion. there are truly 4 deficits, but the budget deficit means that all of the taxes that americans pay do not equal the amount of money that the government spends. if everyone in this country who makes $75,000 a year (or more than that) were to put 100?f their earnings into the federal coffers, still it would not even the deficit field. the hole in the ground of the budget deficit is so deep we may as well walk through it to the other side of the planet.
the budget deficit exists in large part because way, way too much money has been spent on iraq, but the history of our problems with the middle east and 911 go way, way back before the gulf war. (anyhow, i probably am the only american that thinks that there may have been WMD in iraq to warrant an inspection, but, that saddam hussain may have buried them but more likely, he sold them, so if i get a TD, that's okay with me).
the hole in the ground that exists because workers are not working was dug long before george w bush's presidency. the shovels started to appear when jimmy carter was the president, but the holes started to be dug in the clinton administration, where the word was, "everyone should own a house." then franklin raines, the man that clinton put into office to run fannie may (FNMA), the federal national mortgage association, hired one jim johnson and one jamie gorlick (a female), who put their heads together to double the "stock value" of a share of portfolios of mortgages amounting to billions and billions and more billions of dollars, which you could buy, and i could buy, so that our combined money would then go back to the lenders so that they could make more mortgages while we attained a profit in the long run on our investments into FNMA.
but the reason that raines, johnson, and gorlick should be in prison is because they created a false security in raising the "value" of the "stock" of FNMA so that they could aggrandize themselves well above their six figure incomes by tens of millions of dollars each of benefits. they cooked FNMA's books, and that is criminal, because FNMA was so important (it was established by the government after the depression of the 1930s) to keep mortgage money flowing, so that qualified families could buy a house and so that builders, with all their employees and material suppliers, could dig holes for foundations and build upon raw land to make it useful to people. what they did started is a domino effect of the pieces falling down backwards, because if you don't have folks paying their notes on time, you create a foreclosure crisis. that means that the money stops flowing to all that are even remotely concerned with the building up of bare land real estate, even buying the bare land itself. because there is no money AND because your dollar lost value since 2000 from allowing the federal reserve board to issue lines of credit, and print more bills called money, to support the farce of the rise in real estate values far, far above what the normal cycle of appreciation of real estate is.
and so, you really do have to spend TONS of money to stimulate the economy since the people of the economy are not working, so therefore they do not have money to spend or to tax. (don't forget about taxes, now, don't you do that, since who will wash the floors of the white house if we do not pay TAXES?) but where will all these dollars come from since already we are in a budget deficit amounting to well over $400 TRILLION dollars and on top of that, real estate values have gone out of the stratosphere? well, i guess they will come from TAXES generated by americans working in temporary jobs to rebuild america (which is better than using it to fund our good and dear troops, who truly should be guarding our own borders). but then again, when the jobs are done, where will new ones be had? the only new ones can be WAR.
war makes dollars and cents. building up an arsenal to fight a war and funding the war itself brings industry where it was not there before. now isn't that a crying shame? but it is true. so, when everyone gets sick and tired of our boys coming home in caskets or without arms or legs, the politicians will put a stop to the war effort, but it will have put a lot of people to work, therefore, having funded this idiocracy that we allow ourselves to think of as our government.
as an aside, do you happen to realize that the jobs in the government are increasing while those in the private sector are all decreasing? what, we will work and slave so that government jobs are plentiful? huh??? Huh??? What did they say again???
EDIT: i just read this article and i wish you all to read it. you need to be aware of the thousands of your middle class neighbors who will, under obama's game plan that will cause your grandchildren to overpay in taxes, lose their homes and why, as well as how it all came down the tube from the democrats who started this mess, these people in congress that think we will all jump for joy to re-elect them in 2010: