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Spending priorities

Justin Webb | 22:44 UK time, Tuesday, 17 February 2009

I was personally delighted by the health spending contained in the stimulus bill as it will probably increase funds spent on combatting and I am sure there are others with the same priorities or different ones who are equally pleased or disappointed.

But the Republicans have a point do they not? If you are going to fund diabetes research, why not just do it? You can make a long-term case for American medical leadership being good for the American economy but will it kick start spending and hiring in the short term? I am torn: I am glad the money is being spent but I am not sure I fully grasp the economics behind it...

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