Mr. Walker also said too much of the stimulus bill is backloaded to later years, but that there's an odd silver lining to that because it gives agencies more time to ramp up their spending.
"If you look at this bill on one hand, not enough of it is truly stimulus, meaning it's not going to hit the economy quickly enough. That's bad news," he said. "On the other hand it means they've got more time....
"The federal bureaucracy is now being asked to absorb hundreds of billions of dollars, and the potential for waste, fraud, abuse and mismanagement is something we must be diligent in preventing and addressing," said Rep. Darrell Issa of California, the top Republican on the House Committee on Oversight and Government Reform...
The White House said Mr. Obama may not be done spending. Press secretary Robert Gibbs would not rule out another spending bill if the economy continues to founder, though he said there are no specific plans at this point.
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