The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.

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This anniversary serves to help remind the American people that in the wake of one of the greatest political scandals and misuse of power in our history as a nation scandal produced important reforms that served this nation well for two decades.