Senators: Cut the Stimulus
The Washington Post reports this morning that a bipartisan group of Senators are withholding support for the President’s stimulus bill until it gets trimmed back.
The bill has grown to $920 billion, and they would like to see it pared back by more than $100 billion.
What does that mean to you and me? $920 billion is about $9,400 per U.S. family, or $3,000 per person. They’d like to cut that spending back by about $1,000 per family / $325 per person.
So you’re still looking at $8,400 per family in spending and new debt, but less is more, right?
Jeremy
maybe I’m not doing the math right, but when I divide 920 billion by 3 million, I get $306,666.67. How do you only come up with $3,000 per person?
Brandon
so, as much as i’m against a stimulus package if your going to spend the money, just divvy it out. give me my $3,000, or is it 9k since i don’t have a family yet? i’ll pay off debt and buy things with it and stimulate the economy that way.
Robert William Butler Jr
The stimulus plan being considered in Congress this week will do nothing to help spur the economy out of recession. It will NOT magically create millions of new jobs. It is a massive $900+ billion package full off wasteful spending. It is PORK !
Enough is enough ! The American people are sick when it comes to solving our nation’s economic woes. Throwing billions of our taxpayer money at every “liberal” pet bureaucratic project under the sun won’t work! And yet, some of our elected, instead of killing this evil legislation are trying to negotiate it…amend it…fix it…tinker with it…
Let me be perfectly clear…The American people do NOT want you to amend this legislation. The American people do NOT want alternative proposals. The American people do NOT want to make a deal. The American people do NOT want you to compromise. Do NOT try to “fix” this fraudulent stimulus package. Do NOT attempt to put any amount of lipstick on this pig. The American people want this legislation DEAD… PERIOD… END OF SENTENCE !
Jim Harper
It’s always good to double-check me, Jeremy. There are a little over 300 million people in the U.S., not 3 million. Dividing $900 billion by 300 million gets you about $3,000.
No deal, Brandon! You get out there and have a family, then switch the bill from deficit-spending to deficit-grants-to-citizens and you’ll get your payout.
Jeremy
Yeah, I definitely knew there were 300 million…bad math on my part.
Kara Keenes
Robert William Butler Jr- please cite your sources on ‘what the American people want’. I find your point of view intriguing but without data pulled together to support it, it reads like opinion. And it reads like you’re outraged. I don’t know many people who’ll take that with any intellectual heft.
Robert William Butler Jr
Here you go Kara…
“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents.” –James Madison
U.S. Constitution – Amendment XVI
“The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionent among the several States, and without regard to any census or enumeration.”
CBO has concluded that more than half of the hundreds of billions of dollars in infrastructure spending contained in the bill will not take place for more than two years — long after economists predict, and we all hope, the current recession will have ended.
A Rasmussen tracking poll shows support for the recovery plan plunging fast. Two weeks ago, 45% of Americans supported it; this week, it’s down to 37%. Meanwhile, opposition has jumped to 43% from 34%. So, more people now oppose it than support it.
http://ibdeditorials.com/IBDArticles.aspx?id=318728817712124&kw=Economic,Stimulus
I assume those of you supporting such a bill wouldn’t mind paying my share of the tab.