Bartlett: Second Stimulus Will Kill Economy

A second federal stimulus may wreck the U.S. economy, writes former U.S. Treasury economist Bruce Bartlett.

“An important debate is going on among liberal economists about whether the economy needs another substantial dose of fiscal stimulus lest the unemployment rate linger at unacceptably high levels for the foreseeable future,” writes Bartlett in his column in Forbes magazine.

“Although I supported the original $787 billion stimulus package in February as an emergency response to a crisis situation and am even sympathetic to the idea that it should have been larger, I believe that going forward additional stimulus carries more potential risks than rewards.” (more)