$900 billion stimulus package runs aground

By Megan McArdle

Color me shocked:  the stimulus, after swelling to $900 billion in the Senate, has suddenly run into trouble.

Senate Democratic leaders conceded yesterday that they do not have the votes to pass the stimulus bill as currently written and said that to gain bipartisan support, they will seek to cut provisions that would not provide an immediate boost to the economy.

I think this is the right way to do it.  Moreover, I wonder if this won't make more sense for Democrats, ultimately.  The stimulus package as written by the House did let them advance some priorities, like health insurance, but was so expensive that it was going to make it much harder for the Democrats to pursue broader reforms.

This article available online at:

http://www.theatlantic.com/business/archive/2009/02/-900-billion-stimulus-package-runs-aground/329/