Obama, lawmakers to meet on economic ...

Obama, lawmakers to meet on economic stimulus

There are 3 comments on the news.yahoo.com story from Jan 23, 2009, titled Obama, lawmakers to meet on economic stimulus . In it, news.yahoo.com reports that:

Congressional leaders and President Barack Obama are having a hard time finding common ground on an economic recovery plan as Republican resistance to the stimulus package emerges in the House.

The president and top Democrats and Republicans from the House and Senate planned to meet Friday to discuss the status of the spending and tax cutting legislation that Obama has demanded to confront an ever weakening economy.

Join the discussion below, or Read more at news.yahoo.com.

Out of work 8 months

Buffalo, NY

#1 Jan 23, 2009
Our Gov. would be better off giving the USA citizens big money. We could get our country going again buying cars and houses.
Don't give Big Companies any more of the money.
Puzzled

Knox, IN

#2 Jan 24, 2009
OK, the US is BROKE. We have to borrow money from the Chinese, Japanese and Saudis just to pay down the interest on our debt.
I keep hearing the words "economic stimulus."
I keep asking myself a simple question that I can't find an answer to.
"How is our new President going to get the US out of debt by doubling or tripling our debt?"
I thought you got out of debt by paying off debt, not borrowing more money? How is going deeper into debt going to "stimulate" anything?

Has anyone who ever filed bankruptcy due to too much debt ever been able to get out of debt by borrowing more money? Anybody got an answer to that one? Please enlighten me.

Since: Jan 07

Miami, FL

#3 Jan 24, 2009
Puzzled wrote:
OK, the US is BROKE. We have to borrow money from the Chinese, Japanese and Saudis just to pay down the interest on our debt.
I keep hearing the words "economic stimulus."
I keep asking myself a simple question that I can't find an answer to.
"How is our new President going to get the US out of debt by doubling or tripling our debt?"
I thought you got out of debt by paying off debt, not borrowing more money? How is going deeper into debt going to "stimulate" anything?
Has anyone who ever filed bankruptcy due to too much debt ever been able to get out of debt by borrowing more money? Anybody got an answer to that one? Please enlighten me.
Got that right

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