Sunday, January 25, 2009
Read the Stimulus
There was a lot of discussion this morning on the progress of the stimulus plan. On Face The Nation, VP Joe Biden said that "important progress" is being made and that there have already been many compromises made between Democrats and Republicans.
Meanwhile, John McCain says that there need to be "major rewrites" done on the stimulus before he will vote for it. He told Chris Wallace on Fox News Sunday this morning, "As it stands now, I would not support it." Contrary to what Biden says, McCain says that as far as he can tell, no Republican proposal has been incorporated into the bill.
Nancy Pelosi spoke to George Stephanopoulos and in response to his question regarding incorporating Republican ideas into the bill, she said, "Well, we will take some. We will judge them by their ability to create jobs, to -- to help turn the economy around, to stabilize the economy, and to see how much they cost. But we’re open to them, and we’ll review them, and it all has to be done right away because our bill has to come to the floor this week."
She also said with regard to increased welfare and unemployment insurance issues, "Food stamps, unemployment insurance, some of the initiatives you just mentioned, what the economists have told us, from right to left, there is more bang for the buck, is the term they use, by investing in food stamps and in unemployment insurance than in any tax cuts."
I'm not an economist by any means, but I don't actually agree with that statement. It's been proven and well documented that tax cuts do far more to stimulate a depressed economy than extension and enhanced social programs which don't do anything to actually move the economy forward.
At any rate, disagreement on this bill is certainly expected and in the end I hope both sides put aside partisan BS for the good of the country.
If you want to look at the stimulus yourself, there is a place you can to that here, and add your comments or suggestions. Get involved!