House Debates $825B Stimulus Package (Bill). Spending v. Reagan-John F Kennedy Tax Cuts

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jbranstetter04
January 27, 2009

Real debate is what we need, not quick action that will do nothing. The C.B.O. says that only 3% of the spending and "tax cuts" in this package will stimulate the economy over the next 12 months, so the hurry is what. Why do we have to pass it immediately? Why not have real debates?

I'm not sure that the democrats care if this helps the economy or not. I think all they care about is power, meaning an increase in the size of government, for after all, that is where the real power lies; our founding fathers warned us about it, but apparently we did not listen, at least the democrats didn't.

I advise the republicans to just present their own stimulus package, one that will work of course, and then let the votes fall where they may. But I would not try to block the democrats, because they have been put in charge; they have the responsibility of leadership, so let them also take the blame when this "stimulus package" fails to stimulate the economy, as it surely will.
jbranstetter04

Stimulus bill falls short of Obama goal: CBO report

WASHINGTON, Jan. 26, 2009 (Reuters) — The Democratic stimulus package the U.S. Congress will weigh on Wednesday falls billions of dollars short of President Barack Obama's goal to pump most of the money into the economy quickly, a report released on Monday showed.
The $816 billion package will pour some $525.5 billion, or 64 percent, via spending and tax cuts into the ailing economy within 19 months, according to the report issued late on Monday by the non-partisan Congressional Budget Office.
Last week, Obama's budget director, Peter Orszag, told lawmakers the administration's goal was to pump at least 75 percent of the money from the stimulus package into the economy by September 30, 2010.
The report expands on another from the same office Republicans had touted last week as showing that less than 40 percent of the stimulus money would filter into the economy over the 19-month period. Democrats complained report was a partial review and CBO on Monday concurred.
The legislation "provides immediate stimulus to help create jobs and makes long-term, targeted, and responsible investments to keep our nation's economy growing for years to come," House of Representatives Speaker Nancy Pelosi said in a statement.
Republicans seized on the report as evidence the Democrats' spending plan would take too long to help the economy.
"Once again, it highlights the fact that a huge chunk of the Democrats' so-called stimulus plan comes way too late to make any real difference in fixing the economy," said Kevin Smith, a spokesman for House Minority Leader John Boehner.
And, another CBO report released by Republicans showed only 49 percent of a $362.6 billion stimulus spending measure that the Senate Appropriations Committee will consider on Tuesday would be spent by the end of fiscal 2010.
DEBATE STARTS ON TUESDAY
http://newsdaily.com/stories/tre50q0p...

Category: News & Politics

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SoccerMU20 (10 months ago) Show Hide

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It was really hard to understand your paragraph...read it again and tell me that you can actually make sense on what you wrote. I cannot!

NeilAlwaysWins (10 months ago) Show Hide

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Wrong. Although it passed quickly that percentage is still to high,

ManicMuppets (10 months ago) Show Hide

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The senate is a fucking joke, people need to get together and decide to take down this outdated system of ruling the people

.

DimeLivesInUs (10 months ago) Show Hide

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There's a reason why the second ammendment was written.

NeilAlwaysWins (10 months ago) Show Hide

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Hehe, I just love my m4a1.

sigur90 (10 months ago) Show Hide

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I might remind you that Obama didn't cause the financial crisis. I believe that was caused by the private sector that was allowed to be deregulated by Republicans for 8 years. And as for our national debt, sorry, you can't blame that on Obama; that was President Bush. So you are angry that the government is stepping in to help workers that have been victimized by the private sector's faulty business practices that have been allowed for the past 8 years under Republicans?

ebasham01 (10 months ago) Show Hide

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Wrong answer... The dems have been in congress for 2 years. Amazingly that is exactly when things started going downhill. You cant blame Bush for making these crappy loans to people with bad credit and who wont pay their bills. Thats on Barney Frank, Pelosi, Freddie Mac, Fannie Mae and their leaders. This country is in trouble. Welfare programs will not get us out of this. Look at Japan

eurohim (10 months ago) Show Hide

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And we don't let these faulty companies fail. Then we have to look further back and see how the private sector was manipulated by the Federal Reserve with artificially low interest rates and tons of inflation which created bubbles. Wait until the Bonds bubble crashes. Bush spent tons of money causing the issue to come to a head faster than it should have and now Obama is doing the same. The whole montary system is the problem as well as having a huge government that spends your productive money.

megaminxmaster (10 months ago) Show Hide

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keep in mind that the republicans are currently outnumbered in congress, so they couldn't pass regulation bills anyway!

eddyq6 (10 months ago) Show Hide

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It is in the process turning to a soft fascism to a real despotism type government with NO CIVIL LIBERTIES!! people must wake up and see the corruption that is seething and growing quickly in our government.... im a history major and what i see happening is that usa is turing into a very unfreindly place for its own citizens

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House Debates $825B Stimulus Package (Bill). Spending v. Reagan-John F Kennedy Tax Cuts

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