What Does $825 Billion of Stimulation Feel Like?
There will be negotiation, revision and capitulation, but the basic guts of the Democrats' $825 billion stimulus package are out in the open. There's billions for infrastructure, billions for schools and billions for you and me. House Minority Leader John Boehner (R-Ohio) responded by saying "Oh. My. God," which we'll take to mean, "Praise Jesus! The Democrats have done it again."
There will be negotiation, revision and capitulation, but the basic guts of the Democrats’ $825 billion stimulus package are out in the open. There’s billions for infrastructure, billions for schools and billions for you and me. House Minority Leader John Boehner (R-Ohio) responded by saying “Oh. My. God,” which we’ll take to mean, “Praise Jesus! The Democrats have done it again.”
TRUTHDIG’S JOURNALISM REMAINS CLEARAP via Google:
The legislation calls for federal spending of roughly $550 billion and tax cuts of $275 billion over the next two years — totals certain to change as the measure works its way through Congress.
The measure calls for $90 billion to help the states meet the rising cost of providing health care for the poor in the recession, and another $39 billion to subsidize coverage by out-of-work wage-earners who cannot afford the cost of their employer-covered health care.
More than $100 billion is ticketed for education, including money for school districts to shield them from the effects of state cutbacks in services.
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