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Spend, Spend, Spend. The only word O seems to understand


Posted: Jun 13, 2010

Now he wants another $50B for state aid to prevent "massive layoffs of teachers, firefighters, and police."

The jist I get is he'll worry about how to pay for this LATER.

The GOP has come up with an alternate plan which the CBO says will save $55B in the next 10 years. Do ya think it has a chance?

In an aside, Steny Hoyer (D) and John Boehner (R) is on This Week. They were just talking about the oil spill. Can you tell which one is blaming Bush?

 

"President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery.

In a letter to congressional leaders, Obama defended last year's huge economic stimulus package, saying it helped break the economy's free fall, but argued that more spending is urgent and unavoidable. "We must take these emergency measures," he wrote in an appeal aimed primarily at members of his own party.

The letter comes as rising concern about the national debt is undermining congressional support for additional spending to bolster the economy. Many economists say more spending could help bring down persistently high unemployment, but with Republicans making an issue of the record deficits run up during the recession, many Democratic lawmakers are eager to turn off the stimulus tap.

"I think there is spending fatigue," House Majority Leader Steny H. Hoyer (D-Md.) said recently. "It's tough in both houses to get votes."

Democrats, particularly in the House, have voted for politically costly initiatives at Obama's insistence, most notably health-care and climate change legislation. But faced with an electorate widely viewed as angry and hostile to incumbents, many are increasingly reluctant to take politically unpopular positions.

The House last month stripped Obama's request for $24 billion in state aid from a bill that would extend emergency benefits for jobless workers. Senate Majority Leader Harry M. Reid (D-Nev.) hopes to restore that funding but with debate in that chamber set to resume this week, he acknowledges that he has yet to assemble the votes for final passage. Obama's request for $23 billion to avert the layoffs of as many as 300,000 public school teachers has not won support in either chamber.

 For the rest of the $50B story, see link:

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/12/AR2010061204152.html?wpisrc=nl_headline

 

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