David Sirota:
The newswires are ablaze with word that Congress has reached agreement on a “stimulus” package. While Democrats work making the tax rebates more progressive is certainly admirable, here’s the key thing you need to know - the package includes no spending on programs like unemployment insurance or food stamps, the programs that both help those getting hit hardest, and that pump money into the economy the fastest. And why weren’t those programs included? Because the money was being put into this:
“Another element of the plan is a package of tax breaks for businesses that could cost as much as $70 billion, far more than had been expected, a senior House aide and a Democratic lobbyist said.”
2 comments:
Even people getting this money wont spend it on what the President wants them too. By May 97 per cent of those getting checks will have to pay their bills or get their lights turned back on. Look for prices to go up when the checks are released as we are a country of greed and users. Even the Post Office might raise the price of stamps to get some of that money.
raise the stamp prices again???
It would be nice if we quit selling our lives to China. Here's a thought - shut down all the Wal-Marts and then see what a boost the economy gets here in the good ol' US of A.
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