Is Economic Stimulus Two Necessary?

Last Updated Jul 9, 2009 4:56 PM EDT

Last weekend, Vice President Biden didn't rule out a second government stimulus package. Today, Warren Buffett said a second stimulus package "may well be called for." On the other hand, "just eight of 51 economists in The Wall Street Journal's latest forecasting survey said more stimulus is necessary."

So which is it? With a public exceedingly concerned about both burgeoning national debt levels and an economy mired in a deep recession, the answer to the question is not entirely clear at this juncture.

Last night, I made my first appearance on "The CBS Evening News with Katie Couric" to comment. The interview comes at about 2:15, after Nancy Cordes' excellent story.

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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.