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New Stimulus? How About Killing Off the Old One Instead?

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posted on Jul, 9 2009 @ 12:25 PM
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New Stimulus? How About Killing Off the Old One Instead?


blogs.wsj.com

Even as the debate about whether to craft a second economic stimulus package to rev up the economy escalates, some Republicans have a quite contrary idea: cancel what remains of the first stimulus package.
The House Republican Study Committee chairman, Rep. Tom Price of Georgia, has just put out a statement calling for repealing the unspent portion of the stimulus package passed last February, which he says would return about $460 billion in unspent funds.
Nor do Price and his partners in the effort—Rep. Jim Jordan of Ohio and Rep. Scott Garrett of New Jersey—stop there. They also want t
(visit the link for the full news article)




posted on Jul, 9 2009 @ 12:25 PM
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I agree we should kill what’s left of the first stimulus bill. It hasn’t helped and has been highly criticized for the lack of accountability.

There is no doubt that a second Stimulus will be misused. We the tax payers are left holding the bag on this, not to mention our children’s future.

If History repeats itself we will all be in the soup line, although there wouldn’t be money to assemble soup lines.



blogs.wsj.com
(visit the link for the full news article)



posted on Jul, 9 2009 @ 12:34 PM
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...preaching to the corrupted choir.

Just as the fed has not been allowed to be audited, the bailouts will not be allowed to cancel.

How is it that the house has become such a useless government entity... or was it always this way? seems like they have congress sitting their simply for our humor.



posted on Jul, 9 2009 @ 12:53 PM
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There floating the idea out there but getting a wicked response. They wont do it. Not yet.



posted on Jul, 9 2009 @ 01:00 PM
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reply to post by Kevin_X2
 


It has never been bad like this. The good old fashioned way of dealing with things of this nature was to let companies collapse if they used bad ethics or mismanaged funds.

This gave the nation room for new ideas and better insight companies to take their place. We always allowed bad companies to fail

I understand bailing out AIG, that is our money. See what wasted money was given to Chrysler and GM. They know these were doomed to fail, yet paid their bills anyways.



posted on Jul, 9 2009 @ 01:22 PM
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reply to post by Spartak_FL
 


I'm sure it will be the same old story of blackmail. "If you dont do it the world will fall apart".



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