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View Full Version : I am all in favor of a second stimulus bill...


Iggy
July 9th, 2009, 2:25 pm
As long as it repeals the first one, contains real cuts in spending, contains no pork and cuts taxes across the board, especially for small businesses.

That is the only stimulus bill I will support.

Electromyographical Alien
July 9th, 2009, 2:29 pm
uhhh...and exactly how will ACORN get their money?

Because that can be a deal breaker.

Iggy
July 9th, 2009, 2:32 pm
uhhh...and exactly how will ACORN get their money?

Because that can be a deal breaker.

Damn. Didn't think of that.

Socrates
July 9th, 2009, 2:35 pm
As long as it repeals the first one, contains real cuts in spending, contains no pork and cuts taxes across the board, especially for small businesses.

That is the only stimulus bill I will support.

I was driving up PA-15 north of Harrisburg over the weekend. For some reason there are a lot of so-called "adult" stores along that road. One had a marquee out front that said "Come in and get your stimulus package."

:))

ISYairio
July 9th, 2009, 2:36 pm
At the very least, combine (prolly scratch the Fed thing though):

A deficit hawk stimulus plan. Want to restore investor confidence in America? One way would be to get entitlements under control so bond investors wouldn’t fret about Uncle Sam inflating its way out of its debt woes or even defaulting. In theory, this would bring down real long-term interest rates and boost economic growth. The simplest move would be to do something about Social Security. An analysis run by Andrew Biggs of the American Enterprise Institute found that if a) Social Security benefits were linked to inflation rather than wages as of 2012 and b) the currently legislated retirement age was increased to 67, then allowed to keep increasing to 70 by the 2040s, the program’s long-term, present-value deficit of $5.7 trillion would turn into a $4.3 trillion surplus. That is a $10 trillion swing. Investors would be much impressed both by the move toward fiscal soundness and the evidence that America will not let itself turn into California.

A do-nothing stimulus plan. No $500 billion pricey second stimulus/recovery/reinvestment/spending plan. No $1.3 trillion healthcare plan. No competitiveness-killing cap-and-trade plan. No tax hikes at the end of 2010. Economy heal thyself (with some help from the Fed). And no spending the other 90 percent of the $800 billion first stimulus package. Hey, you’ve got to admire its simplicity. It would also show stock/debt/currency investors that Americans aren’t going to totally freak out over a recession by putting in place spending programs and patterns that will be hard to remove. (http://blogs.reuters.com/james-pethokoukis/2009/07/07/5-stimulus-plans-better-than-obamas-first-one/)

misterblue
July 9th, 2009, 2:39 pm
Just yesterday I heard that only 25% had been spent so far. Anyone else heard this?

mkh
July 9th, 2009, 2:41 pm
Like either party would do that?

Socrates
July 9th, 2009, 2:45 pm
Just yesterday I heard that only 25% had been spent so far. Anyone else heard this?

And since they're demanding that it get spent more quickly, the states are using much of it to cover the cost of existing programs...which creates no jobs. I guess it 'saves' a few government pencil pusher jobs though.

pattyk
July 9th, 2009, 2:47 pm
we have to understand that Obama has no interest at all about saving small businesses, employment or tax cuts.

he wants this country brought down to it's knees and he's doing it.

Iggy
July 9th, 2009, 2:52 pm
Like either party would do that?

Good point. I guess we'll just have to vote them all out.