House passes Obama's economic stimulus bill

Handing the new administration a big win, the House Friday passed President Barack Obama's $787 billion plan to resuscitate the economy. Full Story
First Prev
of 5
Next Last
Concerned Eurekan

San Pablo, CA

#1 Feb 13, 2009
How interesting that the Republicans mention that...
“With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future.”
Ummm.... Well now we get it. It's ok for the Republicans to spend like drunken sailors fresh into port, but they're not going to let anyone else do it!
I don't think the stimulus package was handled correctly. I firmly believe that this "Trickle Down" economics idea has shown that it doesn't work. Why not try something new (imagine that) like Capillary economics! Give the money to the citizens (since it's ours anyway) and let them spend it to pay the mortgage, pay off credit cards, buy clothes, get braces for the little ones. Whala! the money goes directly into the economy and the money markets. Banks begin seeing savings increases, and solvency. I know this all sounds so misguided but then again....I'm just a citizen.
LOL

United States

#2 Feb 13, 2009
Bush was the father of "generational debt."

Republican obstructionism on this stimulus bill won't cause us to forget the disaster the republican party has been for our country the last 8 years.
iVet

Oakland, CA

#3 Feb 13, 2009
A Republican speaking of 'generational debt'
has GOT to be the height of irony and hubris!

The neo-cons put my grandchildren into debt, and these 'people' have the nerve to question this bill?

Unreal.

“The Good, The Bad, & the Ugly”

Since: Aug 08

Upstate New York

#4 Feb 13, 2009
See Minority Leader Boehner's tremendous speech to the majority...

http://tammybruce.com/2009/02/crap_sandwich_p...

Click on the YouTube video on the first blog page. And heh, get a little dose of Tammy Bruce while you're at it... I highly recommend the site and Tammy's unabashed and enlightened viewpoints.
Plain Jane

United States

#5 Feb 13, 2009
Concerned Eurekan wrote:
How interesting that the Republicans mention that...
“With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future.”
Ummm.... Well now we get it. It's ok for the Republicans to spend like drunken sailors fresh into port, but they're not going to let anyone else do it!
I don't think the stimulus package was handled correctly. I firmly believe that this "Trickle Down" economics idea has shown that it doesn't work. Why not try something new (imagine that) like Capillary economics! Give the money to the citizens (since it's ours anyway) and let them spend it to pay the mortgage, pay off credit cards, buy clothes, get braces for the little ones. Whala! the money goes directly into the economy and the money markets. Banks begin seeing savings increases, and solvency. I know this all sounds so misguided but then again....I'm just a citizen.
The Republicans' tax cuts encouraged employers to offshore jobs for lower wages / more profit, hire more immigrants with special VISAs (and illegals) for lower wages, and allow workers wages to stagnate at the same time they pushed deregulation of the financial industry, allowed predatory lenders to drive up home prices to an unsustainable level with ponzi scheme mortgages. This huge decline in total worker spending power exacerbated the inevitable housing bubble bust and likely economic collapse. And NOW they want more tax cuts, not just for the working classes who need them, but also for the rich who benefited so greatly from the previous tax cuts and caused this whole mess due to their greed. Trickle down was misnamed. It's been more like standing under a cow's backside than a trickle.
Jeff E

Eureka, CA

#6 Feb 13, 2009
The biggest spending bill in the history of the world.$ 787 BILLION dollars of pork will be added to the existing deficit. 1,071 pages that were still being changed last night.

And our own Mike Thompson (Nancy Pelosi's puppy dog) voted for this monstrosity without even reading it!

This is the height of irresponsibility.

The Republican administration of the last eight years also spent too much money. But they were pikers compared to the current spending orgy the Democrats are having today.
Plain Jane

United States

#7 Feb 13, 2009
Jeff E wrote:
The biggest spending bill in the history of the world.$ 787 BILLION dollars of pork will be added to the existing deficit. 1,071 pages that were still being changed last night.
And our own Mike Thompson (Nancy Pelosi's puppy dog) voted for this monstrosity without even reading it!
This is the height of irresponsibility.
The Republican administration of the last eight years also spent too much money. But they were pikers compared to the current spending orgy the Democrats are having today.
I checked to make SURE he had voted for it. How do you know he didn't read it?
Concerned Eurekan

San Pablo, CA

#8 Feb 13, 2009
Plain Jane wrote:
<quoted text>
The Republicans' tax cuts encouraged employers to offshore jobs for lower wages / more profit, hire more immigrants with special VISAs (and illegals) for lower wages, and allow workers wages to stagnate at the same time they pushed deregulation of the financial industry, allowed predatory lenders to drive up home prices to an unsustainable level with ponzi scheme mortgages. This huge decline in total worker spending power exacerbated the inevitable housing bubble bust and likely economic collapse. And NOW they want more tax cuts, not just for the working classes who need them, but also for the rich who benefited so greatly from the previous tax cuts and caused this whole mess due to their greed. Trickle down was misnamed. It's been more like standing under a cow's backside than a trickle.
And you have to put up with the methane emissions as well. Nice point
That A Way

Eureka, CA

#9 Feb 13, 2009
Yea! We all are now economically saved.

All the unemployed people can stop worrying about paying the bills.

They all will have jobs again with all the businesses that get the $$$$$$$$.

Isn't big government and business wonderful.

“Truth is Difficult to Find!”

Since: Dec 07

Eureka/Hoopa, CA

#10 Feb 13, 2009
Some of what Thompson wrote to me about the Stimulus bill:

Some of the job creating provisions of H.R. 1 include:



o $110 billion to repair and modernize roads, bridges, transit and waterways, including $4.6 billion that I fought to have included for the Army Corps of Engineers;

o $116 billion for a Making Work Pay tax credit which will cut taxes for more than 95% of working families;

o $20 billion in targeted tax cuts for American businesses, large and small, to spur job creation;

o $50 billion in new funding and tax incentives to reduce our dependence on foreign oil and gas through clean, renewable technologies; and,

o $7.2 billion to expand broadband internet access in rural and underserved areas.



This recovery package will help our district from one end to the other:



o Funding for the Army Corps of Engineers will help to pay for the dredging of the Crescent City Harbor that is nearly silted in and impassable to many ships;

o Badly needed resources to repair levees on the Sacramento River that, if they were to break, threaten to leave areas of our district under 10 feet of water and cut off 62% of the water supply to the entire state; and,

o Millions of dollars to prevent cutbacks in our district's schools.

“Truth is Difficult to Find!”

Since: Dec 07

Eureka/Hoopa, CA

#11 Feb 13, 2009
Spending provisions in the bill include:
Public Housing Nearly $10 billion total, including $2 billion for full year payments to owners receiving Section 8 project based rental assistance,$4 billion to public housing capital fund to help local public housing (housing authorities) to address a $32 billion backlog in their capital needs including improving energy efficiency in public housing, etc. Includes $1.5 billion for homeless prevention efforts, which will be sent to the states, cities and local governments using the emergency shelter grant formula.

Environmental Protection (including clean water) projects - nearly $15 billion

Education nearly $100 billion in new funding (does not include any funding for construction but includes $12.2 billion for special education to improve outcomes for children with special needs. Also includes 15.6 billion to increase the maximum Pell Grants by $500, to help an estimated 7 million students in higher education.

Health Care nearly $20 billion to implement a uniform medical records technology ($17 billion for investments and incentives through Medicare and Medicaid to ensure adoption and use of interoperable health information technology and another $2 billion in discretionary funds)

Energy more than $40 bllion for energy efficiency programs and new energy technologies, including $11 billion to upgrade the national electricity grid.

Food Stamps increase of $20 billion for the federal food stamps program (the federal Supplemental Nutrition Assistance Program of SNAP) to increase benefit by 13.6%

Head Start increase of $2.1 billion to expand federal funding for Head Start to allow an additional 124,000 children to participate in this program.

Child Care Development Block Grant increase of $2 billion to provide child care for additional 300,000 children from low income families

Transportation includes $8.4 billion for investments in public transportation,$1.5 billion for competitive grants to state and local governments for transportation investments,$9.3 billion for investments in rail transportation including Amtrak, High Speed and intercity rail,$27.5 billion for highway investments.

Community Development Block Grant -$1 billion increase to this program for community and economic development projects including housing and related services.
Patriot

Arvada, CO

#12 Feb 13, 2009
House Passes Stimulus Package without E-Verify; Senate Vote Expected Later Today

Updated Friday, February 13, 2009, 2:30 PM

The House of Representatives passed the economic stimulus bill (H.R. 1), taking 100's of billions of our tax dollars and excludes E-Verify protections for American workers. The Senate is hoping to have a final vote on the bill later today.

We the People MUST band together to restore our Constitutional Republic - We have no representation in Washington -

http://www.givemeliberty.org/revolution/

“Truth is Difficult to Find!”

Since: Dec 07

Eureka/Hoopa, CA

#13 Feb 13, 2009
On the tax side, the bill includes

Tax Credit includes a two year $400 credit to working individuals and $800 to working couples, distributed through a payroll tax deduction or claimed as a lump sum for the 2009 and 2010 tax years.

Social Security - Social Security recipients would receive a one-time $250 payment

College students and home and car buyers would receive incentives, though the incentives for home and car buyers were drastically reduced in the final version of the bill

Alternative Minimum Tax -$70 billion to fix the alternative minimum tax that, originally intended for upper income taxpayers, would, if not changed, would begin to mean higher taxes for middle class families/
Nor-Cal Native

Eureka, CA

#14 Feb 13, 2009
Skip,
Check out this site.It's former IMF chief Simon's website.Lotsa money talk.
www.baselinescenario.com
argumentum

AOL

#15 Feb 13, 2009
Patriot wrote:
House Passes Stimulus Package without E-Verify; Senate Vote Expected Later Today
Updated Friday, February 13, 2009, 2:30 PM
The House of Representatives passed the economic stimulus bill (H.R. 1), taking 100's of billions of our tax dollars and excludes E-Verify protections for American workers. The Senate is hoping to have a final vote on the bill later today.
We the People MUST band together to restore our Constitutional Republic - We have no representation in Washington -
http://www.givemeliberty.org/revolution/
LouDobbs.com also has a link for the e-verify issue.

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#17 Feb 13, 2009
Before tax credits for the working "kick in", the working have to be "working". Further, there is no money, it is just going to be printed; then, the taxes levied and the tax cuts taken will be frontloaded credits against future generations who will have to work much harder to repay the debt obligations. This plan to create money out of thin air to create jobs is a tactic to "force" people to work "much more". Remember when Bush said to the lady working 3 jobs, "well that is American to work three jobs".

This Stimulus Plan/Bill is about tax revenue generation for government; not about providing jobs that would otherwise be provided if Federal, State and local governments reduced the tax rates to all businesses. Better yet, implementing a National Sales Tax only tax system at this "moment in time" would have been the "correct" path to take in order to encourage private equity spending which creates job production.

In addition, this plan does not go to the heart of the workforce; rather, it benefits those who work which are either directly employed by government, or are closely tied to the government for public improvement projects. Small businesses, manufacturing, etc.. will not be the beneficiaries of this poorly thought out economic plan. When the boat is sinking, the last people to be thrown over board is the crew members (government employees and beneficiaries) not the passengers (private sector majority).

Lastly, Obama is beginning to look like Andrew Jackson when it comes to his cabinet positions. As far as responsibility with debtors, Obama is giving the debtors a free pass, where as Andrew Jackson, on the other hand, had no sympathy for debtors who failed to pay their debts that they, as a consumer, signed on the dotted line to accept personal responsibility for.

Totalitarian Socialism caused by de-educating the people into poor personal decision making skills which creates the FEAR OF SURVIVAL where people will accept anything just to put food on their plates. American's better hope our population increases about 50% to be able to have the human bodies in order to pay of "front loaded future tax debt obligations". If the continuing trend of enrollment declines in schools is any indication, less babies means a longer time to pay back this newfound debt. Shameful Capitol Hill politics and it's spoils.

Jeffrey Lytle
McKinleyville - 5th District
Blago Hussein OClinton

Eureka, CA

#18 Feb 13, 2009
Obama promised change in the way govt. acts - he lied
Obama promised bi-partisan governance - he lied
Obama promised to end the ear-marks, special interest "pork" - he lied
Obama promised to end the secret wire-taps of US Citizens - he lied
Obama promised to bring the troops home - he lied
Obama promised transparency in the government - he lied

Today Obama and the Democrats have passed a Simulis Bill that was given no time to review. A vote was forced on a 1100 page Bill.
NO ONE GOT IT IN TIME TO EVEN READ IT!

"Taxation Without Representation"

The Trojan Horse is revealed. Call Obama and the Democrats for what they are: Neo - Fascists or Neo - Marxist,it matters not. They are Socialists - all the same.

"Sieg Heil" Democrats "Sieg Heil"

Liberal Fascisim is upon us!
Bill Clinton

San Francisco, CA

#19 Feb 13, 2009
Rep Thompson didn't read it because No-ONE could have read the 11,000 page "spendulus" bill. The republicans were not involved in the writting of if and were not allowed access to it before the vote. Checkout the Drudgereport for yourselves and see how Pelosi broke her promise to allow 48 hours of viewing the bill before the vote. In the last eight years, the republicans spent alot, but at least we were using that money to fight the terrorists of 9/11 and we knew where the money went. Now that the Dems are in control, it's Katy bar the door, shut-up, and let us turn Amerika into a socialist/communist utopia. The election of Barak Obama was a dark day in the history of our nation...

“The Good, The Bad, & the Ugly”

Since: Aug 08

Upstate New York

#20 Feb 13, 2009
I propose the formation of a new American club... the WRF: "We-R-Fu#ked"

I know, it's important to bail out California, even the 50 million going to save some sort of wetland mouse near San Francisco. So, how does this create jobs?
Blago Hussein OClinton

Eureka, CA

#21 Feb 13, 2009
err: Stimulis - Stimulus

"Give me Liberty or Give Me Death" in the face of Socialist Totalitarian Tyranny.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 5
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Social Security Discussions

Title Updated Last By Comments
Immigrants Social Security eligible in Obama plan 59 min Hooogle It 17
Illegal immigrants could receive Social Securit... 17 hr spytheweb 1
Top 5 Best Blu-ray Ripper for Mac Programs Review 19 hr HaileyLi 1
Boy's family: Cleveland officers reacted quickly 21 hr fire 50 min respo... 1
For Manchester's Manuel Ochoa, immigration chan... Nov 25 Le Jimbo 1
Lawmakers hope FEMA will waive reimbursements Nov 24 Cordwainer Trout 2
Ryan set for collision course with Obama Nov 24 Le Jimbo 8

Social Security People Search

Addresses and phone numbers for FREE