Obama pleads for $50 billion in state, local aid

Obama pleads for $50 billion in state, local aid

www.msnbc.msn.com

WASHINGTON - President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid "massive layoffs of teachers, police and firefighters" and to support the still-fragile economic recovery.

In a letter to congressional leaders, Obama defended last year's huge economic stimulus package, saying it helped break the economy's freefall, but argued that more spending is urgent and unavoidable. "We must take these emergency measures," he wrote in an appeal aimed primarily at members of hi

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"It is essential that we continue to explore additional measures to spur job creation and build momentum toward recovery, even as we establish a path to long-term fiscal discipline," Obama wrote. "At this critical moment, we cannot afford to slide backwards just as our recovery is taking hold."

This statement makes sense to me, but is this to borrow 50B more? Or to just get what the goverment already has and allocate?

~Keeper

www.msnbc.msn.com
(visit the link for the full news article)

you cant spend your way to prosperity...

Yet he can still fund 2 illegal/immoral wars along with send trillions to isreal for their genocide and crimes against humanity..

reply to post by tothetenthpower


They must borrow more, as they have done the last 2 years.
The US is broke. All your money was given to the Bankers and Military.

After spending Trillions to save the rich Bankers you would think a lousy 50Billion would be a non issue to help the American Tax Payers..

Like this is a surprise???? OHHH PLEASE!! the US is so broke they haven't a clue and the solution is to borrow more.

IT IS AMAZING how the public sits by and wonders why the rich get richer, people are too busy watching "American Idol" to see the writing on the wall.... funny actually.

Edit to add that Obama hasn't done a SINGLE thing to increase the countries woes other than to borrow it into prosperity..... even sounds stupid written out!

Hello OBAMA, that's what caused the problem in the first place.

[edit on 13-6-2010 by svpwizard]

How about the Feds reduce taxation & let the States (& People) keep the money to improve local conditions? Isn't that what the 10th Amendment is all about in the first place? Where in the Constitution is the Feds given any authority over local & State concerns with teachers, police & firefighters? These are employees of either the individual State in question or perhaps employed privately (depending on whether a certain school is Public or Private...Public schools are State employees).

In my own (semi-educated (let's face it, no one can ever know everything)) opinion, Obama should just keep his (& Congress') nose out of it altogether. By butting in like this, any Federal Officers involved will be Acting in Breech of Oath & violating the 10th Amendment (concerning States' Rights).

[edit on 13-6-2010 by MidnightDStroyer]

50 billion?

just 50 billion?

are you kidding me?

this seems more like a drop of water in the ocean compared to what has already been printed this year.

Obamanomics is going to ram us into the ground!

Print spend, print spend... seems to be the motto in DC nowadays.

HEY OBAMA! Can you print me some of those federal papers you keep requesting? I need to stimulate my economy!

[edit on 6/14/2010 by ugie1028]

Originally posted by ugie1028
HEY OBAMA! Can you print me some of those federal papers you keep requesting? I need to stimulate my economy!

I realize your joking, of course, your comment being thoroughly riddled with sarcasm. However, it's just this same kind of reaction that gives the feds any kind of "authority" to keep doing what they have been doing...It's the kind of people who keep begging for a handout are the ones that give the feds any justification for printing/spending so much.

For one example, what about the failing banks that got the bailout? Obama wants even more bailout money to cover those accounts that went over & beyond the insured limits set by the FDIC in the first place! The people who put more than $10k in their accounts already knew the FDIC limits, but don't want to take the loss for depositing more than the insurable limits...They assumed the risks & lost!

Government needs to be reduced, not expanded. Begging for federal help is what makes government expand...

[edit on 2-7-2010 by MidnightDStroyer]

www.examiner.com... lars

"America should have no part of it" is what Cathy McMorris Rodgers, the U.S. Congresswoman for Spokane and Eastern Washington says about the outrageous demand by the International Money Fund that America send billions overseas to bail out socialist Greece with 50 billion dollars. The IMF demand is being supported by our own Secretary of the Treasury, Timothy Geithner. But she says "Americans are suffering from bailout fatigue." She is trying to be the cavalry to rescue us from that.

A month and a half ago, Obama placed Europe above America for the same price. The amount of blood on this man's hands is staggering and can only be compared to that of Judas Iscariot. It is long past the time for significant action, IMO.

so whats the bottom line? the depression some predict is finally coming? when the FED said everyhting is ok and it wasnt?

Originally posted by Expat888
Yet he can still fund 2 illegal/immoral wars along with send trillions to isreal for their genocide and crimes against humanity..

and the bank/failed corporation bailouts

and the massive and expensive health-care overhaul

and the illegal immigration/Mexican social safety net

Dang it goes to show that it really is easy to spend other people's money.