The House voted yesterday 246-183 and the Senate approved the bill last night 60-38. No Republicans voted for the bill in the House and only 3 Republicans voted for it in the Senate. Susan Collins and Olympia Snowe of Maine were the high stakes deal makers along Arlen Spector of Pennsylvania to prevent a filibuster by the Republicans.
About 65% goes toward spending while about 35% will pay for tax cuts.
Figures reflect only discretionary spending and do not include mandatory spending.
120 Billion - Infrastructure and Science
14.2 Health
105.9 Education and Training
37.5 Energy
24.3 Helping Americans hit hardest by the economic crisis
7.8 Law enforcement, Oversight, Other Programs
What would you propose?
Subscribe to:
Post Comments (Atom)
5 comments:
I actually think that more than 65% should go towards spending and less towards tax cuts. we need to stimulate this economy back up and the only way to do that is to SPEND! SPEND! SPEND! man
Tax cuts i dont think are much of a concern compared to the spending. But the problem with the spending part is that people arent necessarily going to spend the money they get one stuff they want. I think people will be paying off bills and the money will be going straight back to the bank so in that sense it doesnt make sense to me about the whole stimulus plan
I would have to say more to tax cuts and less to spending. From what I've been hearing, this spending has way too many earmarks involved. Many millions will go unnoticed due to the face that this bill is $787 billion.
Hey Chips, do you mean grants or block grants? I guess you can call it good 'o pork? The money is going to the states and they decide how to spend the money. Haven't you heard what's going on in California? Michigan?
Rod, I'm talking good 'o pork. There are too many bunk projects being funded. On a radio show I listen to frequently, the host ranted for a few minutes about random and worthless projects that millions of dollars are going to.
Post a Comment