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On Jan 29, 1:46*pm, Keith nuttle wrote:
wrote: On Thu, 29 Jan 2009 12:45:30 -0500, John H wrote: On Thu, 29 Jan 2009 11:22:11 -0600, thunder wrote: On Thu, 29 Jan 2009 08:31:38 -0800, Frogwatch wrote: Not content to thumb their noses at their parents sacrifices, the boomers chose to embrace immediate gratification via massive debt to fuel their every whim. Now that the bill has come due, in true boomer fashion they are now trying to pass the bill onto their great grandchildren via Obama’s “Stimulus Plan” that will be paid by successive generations. Up until Reagan, according to Dick Cheney, "proved deficits don't matter", there were only two reasons for deficit spending, fighting a war, and fighting a recession. *There were 55,000 announced job cuts on Monday alone. *Frankly, I'm praying Obama's "Stimulus Plan" is enough. * This is already going to be a severe recession, without Obama's plan, it could very well be a depression. *Oh, and if something like the Great Depression were to hit today, it would cost this country upwards of $20 trillion. http://www.washingtonpost.com/ac2/wp...8?language=pri... Obama's stimulus plan could go a long way, if he wasn't using it as a power play. What percent of his plan is actually going to infrastructure, which was the big selling point around here? It was loaded with infrastructure and other known economy stimulants. In an effort to include Republicans in the process, he watered down the package extensively with things requested by Republicans. Then the Republicans chose not to support the bill that hwas now loaded with THEIR bad ideas. For every dollar you spend in tax cuts for corporations, you get back about $1.03 in results For every dollar you spend on infrastructure projects you get back about $2 in results Please provide a source to support your statements! I have never seen this data quoted in any source. *In fact what I have seen is just the opposite.- Hide quoted text - - Show quoted text - He can't, so he will insult you and send you on a wild goose chase... |
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