The hits keep coming for President Obama’s so-called stimulus plan.  Now the non-partisan Congressional Budget Office says that while the plan may help in the short turn, it will overall be harmful over the longer term.  From the Washington Times:

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

• Washington Times – CBO: Obama stimulus harmful over long haul

I don’t think there is anyone without President, Congressman or Senator preceding their names that thinks this disaster of a plan is a good idea.  In related news, Mitt Romney recently wrote on CNN.com and had some interesting insight:

These are extraordinary times, and like a lot of Republicans I believe that a well-crafted stimulus plan is needed to put people back to work. But the Obama spending bill would stimulate the government, not the economy.

We’re on an economic tightrope. The package that passed the House is a huge increase in the amount of government borrowing. And we’ve borrowed so much already that if we add too much more debt, or spend foolishly, we could invite an even bigger crisis.

• Click here to read Mr. Romney’s complete comments.