Be INFORMED

Monday, January 05, 2009

Barack Obama: "I expect to be able to sign a bill shortly after taking office. By the end of January or the first of February."

   Let the games begin! Let's see if President -elect Obama and the Democrats can deliver on a fiscal plan by the end of Obama's time frame. With Republican obstructionist such as Mitch McConnell against any help what-so-ever for the middle class and the poor in America, this will be a tough feat for Obama so push through.

   Obama's proposal  to stimulate the economy includes tax cuts of up to $300 billion — including $500 for most individuals and $1,000 for couples if one spouse is employed — as well as more than $100 billion for businesses, an Obama transition official said. The total value of the tax cuts would be significantly higher than had been signaled earlier.

New federal spending, also aimed at boosting the moribund economy, could push the overall package to the range of $800 billion or so. Some $77 billion would be used to extend unemployment benefits and to subsidize health care for people who have lost their jobs.

The rest would go toward job-creation projects such as roads and bridges and toward long-term goals such as alternative energy programs.

  Republican House  Minority Leader John Boehner is worried about the cost of this economic recovery package.

"This is not a package that's ever going to be paid for by the current generation," Boehner said. "It's being paid for by our kids and grandkids."

Republican lawmakers want more details, Boehner said, but he replied "yes" when asked if he expected a stimulus plan to be enacted within six weeks.

  Hey John=boy!  Where was all of that concern about our kids and grandkids paying for our over indulgence's when you and the Republicans where busy shafting all of us and running up the bills?

    It would be nice if both Senate Majority Leader and House Speaker Nancy Pelosi would get over all of that bi-partisan bullshit and create a real bill to be shoved down the Republican's throats.

    The Democrats control both the House and the Senate, yet they still have to ask the Republicans for permission to do their jobs. WTF?

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