Pelosi eyes 50 Billion in new stimulus

iVillage Member
Registered: 10-28-2005
Pelosi eyes 50 Billion in new stimulus
11
Fri, 07-18-2008 - 8:16am

Why not just make tax cuts permanent and stop all this foolishness? Give the money back to the people ?








Reuters
Pelosi eyes $50 bln in new economic stimulus

WASHINGTON (Reuters) - House of Representatives Speaker Nancy Pelosi said on Thursday she is pushing for about $50 billion in a second election-year economic stimulus package being shaped by Democrats in Congress.


In January and February, the White House and congressional Republicans displayed rare bipartisanship when they worked to enact a $152 billion plan, mostly tax rebates, to stimulate the economy by trying to boost consumer spending.


Leaders in the House and Senate are discussing with key committee chairmen another emergency spending bill that would again aim to spur the economy and help those hurt by the economic slowdown.


"I would hope that we could have about $50 billion," Pelosi, a California Democrat, said in an interview on CNN.


"There are others who want more, but I think in these stimulus packages, you have to look at what helps stimulate the economy without spending more money than you should because you weight the economy down by going deeper into debt," she said.


If a second economic stimulus bill advances and it follows the formula of emergency measures enacted this year, the new stimulus would add to already steep deficits that worry fiscal conservatives.


Pelosi told CNN she believes there are enough votes in the House and Senate to pass a new stimulus package. Democrats are not counting on support from President George W. Bush this time.


Backed by fellow Republicans in Congress, Bush has indicated he wants to wait and see how the first stimulus package works before looking at another one.


Tax rebate checks from the $152 billion economic stimulus package Bush signed in February began going out in May to millions of Americans.


http://news.yahoo.com/s/nm/20080718/pl_nm/usa_economy_stimulus_dc;_ylt=Ah_3mHw1sgFgcCTOZq3ZlhayFz4D







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iVillage Member
Registered: 07-03-2008
Fri, 07-18-2008 - 9:14am
It's the Middle Class people who really need the tax cuts. Not those making over 250,000.
iVillage Member
Registered: 03-26-2003
Fri, 07-18-2008 - 9:22am
It would be so much better to put the money into infrastructure maintenance.

 


 


I disagree with you, but I'm pretty sure

iVillage Member
Registered: 01-02-2008
Fri, 07-18-2008 - 11:49am

"It would be so much better to put the money into infrastructure maintenance. "

Are the planets in alignment or what? Again, I agree whole heartedly! Infrastructure is one of those areas that I feel is ACTUALLY government responsibility and I would much rather see the money be spent on things like roads, dams, levees, and bridges than on a second election-year tax refund.

rhonda-1.gif picture by fouripleys

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iVillage Member
Registered: 03-26-2003
Fri, 07-18-2008 - 11:57am

<<

 


 


I disagree with you, but I'm pretty sure

iVillage Member
Registered: 01-02-2008
Fri, 07-18-2008 - 12:01pm
I know :(

rhonda-1.gif picture by fouripleys

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iVillage Member
Registered: 09-08-2006
Fri, 07-18-2008 - 12:39pm
Yes, I agree that demand side economics would work very nicely

 

iVillage Member
Registered: 08-30-2004
Fri, 07-18-2008 - 1:25pm

I guess they aren't doing the same construction around the country?

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iVillage Member
Registered: 04-02-2008
Fri, 07-18-2008 - 9:41pm
I'm in Minnesota and my state is fixing stuff they haven't fixed in years, last year a major highway bridge collapsed during rush hour.
iVillage Member
Registered: 10-28-2005
Sat, 07-19-2008 - 6:57am

Even in North Carolina.. just around the corner they are replacing a bridge and in another town I go to all the time.. bridge being replaced. I think the horrible bridge incident has awakened many people to check the structures to be sure they are safe. The thing is.. the two bridges being replaced aren't major bridges.


They could have worked on them anyway but just seems unusual now there are two that I pass over often







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iVillage Member
Registered: 03-26-2003
Sat, 07-19-2008 - 10:11am
The infrastructure has been ignored for a very long time.

 


 


I disagree with you, but I'm pretty sure

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