LETTER: Welcome to Austin’s stimulus plan
Published 10:10 am Friday, April 10, 2009
Yes, the jail provides an economic stimulus. It’s the same kind of economic stimulus created with any loan: TARPS, home, car, college loans, etc. Money is created and flows into the economy when spent. It’s stimulating! Same sort of stimulation one feels when using any credit card. Then comes the day when we must pay back our loans with more than we borrowed. That’s another kind of stimulation.
Gregory K. Soderberg