Pelosi eyes 50 Billion in new stimulus
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| 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 ?
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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I disagree with you, but I'm pretty sure
"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.
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I disagree with you, but I'm pretty sure
I guess they aren't doing the same construction around the country?
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
I disagree with you, but I'm pretty sure
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