Fed Chairman Bernanke gave his blessing for another stimulus package, telling Congress another stimulus plan would be "appropriate". This was the first time the central bank chairman had explicitly endorsed a second stimulus package. Reuters video above.
Democrats and Republicans are divided on what form the stimulus package should take (Democrats and Republicans divided during an election season? Astounding!) - with Democrats supporting extending unemployment benefits, increasing food-stamp benefits and sending extra money to state governments to offset proposed spending cuts that could lead to layoffs of public-sector workers. Republicans are calling for tax breaks for businesses and consumers.
What do you think? Are you with Democrats or the Republicans on this one (or, if you want a third option, do you think a second stimulus package is a bad idea altogether)?
Tuesday, October 21, 2008
A Second Stimulus Package?
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2 comments:
Foreign ownership of the national debt is as of July 2008 $2.7 trillion. The balance is held by Intragovernmental Holdings and Debt Held by the Public. Where does the money for all these bailouts and stimulus program come from?
http://nomedals.blogspot.com
I think the federal goverment is spending our money faster than we can earn it.
Have your voice in this matter next tuesday on NorthStar Careers on talkshoe.com
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