The Stimulus package is a necessary evil that we need at this point in our economy. Yes, it will expand the deficit to new frontiers; however, we are in the worst recession since the Great Depression. It will create over 3 million American jobs, and will dramatically improve the aging infrastructure in our country. It's easily worth the price.
We get mass transit which is extremely important to me because it allows less people to drive cars, thus helping both our energy situation and the environment at the same time. Low-income people desperately rely upon mass-transit, so it will help people who need the most help right now.
Probably the second most important aspect of the stimulus plan is the money going to the individual states. Unless you want massive state tax increases and huge state social spending cuts, then giving money to bankrupt states is an obvious solution.
There is of course the tax cuts part of the bill that will give every American approximately $500 dollars. This is good, but it doesn't fix the recession as much as created jobs does. As we've learned over the past eight years, tax cuts don't create jobs; but, I'm sure they will be a nice bonus. Republicans contend that the stimulus bill should be all tax cuts. Yeah, Bush tried that last year and it did not work at all. The other grand Republican idea is to do nothing. Herbert Hoover tried that once and it did not work.
The problem with the stimulous package is that it's not really a stimulous package but merely nothing more than an increased budget gear to give money away. I listened intently to Obama at Elkhart and what the SOB didn't bother to tell those saps is that they'll not see any of that money for at least two years.
ReplyDeleteAdditionally he made no mention of Americas working poor who are barely making it as it is.