World split on stimulus spending

LONDON – Over half of the people in the some of the world’s biggest economies are opposed to their governments spending money in stimulus programmes, according to a BBC World Service poll published yesterday.

The broadcaster said that in its poll of more than 22 000 people in 22 countries, the strongest opposition for increased government spending to boost the economy was in countries that have already seen stimulus programs, such as Germany, France and the United States.Some 66 per cent of those surveyed in Germany were opposed to government spending money to prop-up the economy. In France 63 per cent were opposed, and in the United States 58 per cent of those surveyed rejected the idea. Debates over the effectiveness of the multibillion dollar measures have raged in all three countries, which are trying to put their finances back in order after pumping massive amounts of money into their respective economies in the wake of the global financial downturn. – Nampa-AP

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