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View Full Version : Obama Proposal still growing...Now $400 Billion


HonestChieffan
09-08-2011, 07:13 AM
http://2.bp.blogspot.com/-6iRhK-7aEXU/TmiqPP1TUPI/AAAAAAAA0p4/aca_QARbJOI/s400/theo1.jpg

(CBS News) — On Wednesday, CBS News learned that the president’s jobs and growth package now could top $400 billion. That’s a big number, and CBS News correspondent Norah O’Donnell reports that the size of this plan has grown over recent days.

Advisors claim this plan will have bipartisan appeal and will be paid for with additional deficit reduction. President Obama’s plan will combine new tax cuts and spending measures.

Also included in the plan is an extension of the payroll-tax cuts set to expire. That’s worth $1,000 per household. Its estimated cost is $120 billion dollars.

The president would like to add new payroll tax cuts for employers, for small businesses.

Extending unemployment benefits is also a top priority, at a cost of $50 billion dollars. Sources say the president will propose a plan where employers can try out workers receiving unemployment for free.

There will also be new infrastructure spending in Obama’s plan to rebuild schools, roads and bridges will cost over $100 billion.

Finally, state and local governments would receive billions to hire more teachers and first responders. That, along with new small business tax cuts could cost another $100 billion dollars.

http://www.cbsnews.com/stories/2011/09/07/eveningnews/main20103022.shtml?tag=contentMain;contentBody

Jaric
09-08-2011, 08:33 AM
Why not just give me the 1000$ instead. I promise I'll stimulate the economy far more than whatever they're planning.

HonestChieffan
09-08-2011, 08:39 AM
Why not just give me the 1000$ instead. I promise I'll stimulate the economy far more than whatever they're planning.

What makes you think its intent is to stimulate the economy?

alpha_omega
09-08-2011, 08:41 AM
Sources say the president will propose a plan where employers can try out workers receiving unemployment for free.

This sure sounds bizarre.

mikey23545
09-08-2011, 08:43 AM
I wonder if this $400 billion is going straight to the unions like the last $1.2 trillion did?

ChiTown
09-08-2011, 08:55 AM
This sure sounds bizarre.

:spock:

HonestChieffan
09-08-2011, 09:05 AM
This sure sounds bizarre.

Not if you have no earthly clue what it means to be an "employer".

Try to imagine any circumstance that this would be a good thing.

petegz28
09-08-2011, 09:34 AM
This will be paid for by additional deficit reduction? That makes no sense. Remember, we could only cut X $'s a month ago, now suddenly we have more room for cuts???

BigChiefFan
09-08-2011, 10:13 AM
Hey, let's add to the debt, the tax payers will pick up the tab anyway.

These politicians are crooks robbing Peter to pay Paul.

ENOUGH!