But, like spending reductions, they would have an anti-stimulative effect on the macroeconomy, and this could actually create a worse fiscal outlook.

FORBES: The Debt-Ceiling Panic Button Won't Be Pushed On Aug. 2

One would expect public spending to have an even bigger initial stimulative effect than tax cuts (because in this case none of the initial stimulus is saved).

ECONOMIST: Economics focus: Remember fiscal policy? | The

So if this were something that we tried to institute last year, when the economy was moving down, it wouldn't have been effective--it doesn't have a stimulative effect.

FORBES: Pro Forum: Art Hogan, Market Strategist

The Fed talks about the stimulative effect of lower interest rates created by their purchases, but there is apparently no mention that higher inflation, when it occurs, would increase interest rates.

FORBES: A Respite For Deflation

Even with these moves, it still takes several months for the stimulative measures to take effect and work their way through.

FORBES: Move up http://i.forbesimg.com t Move down