CBO: Stimulus package worse than doing nothing in the long run.

The Washington Times reports, "President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday."

Doesn't this suggest that we take a harder look at the proposal and find approaches that may have less harmful impact in the long run?

According to the Times report, the "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."

A cynic might ask whether this is the Democratic plan, to crowd out private investment and gain greater control of the economy for government. That control would come at a price of lower productivity and wealth, but that apparently may not deter Obama and his Democratic cohorts in the Congress.