It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by FlyersFan
500,000 other people who lost their job this month may not.
That's the point. Most of the money spent with this non-stimulating 'stimulus' won't help get jobs. And most of the money won't even be spent for at least two years. That's why this non-stimulating 'stimulus' isn't emergency legislature. That's why it can wait the FIVE DAYS that Obama promised during the campaigning.
Two more economic questions, from Julianna Goldman of Bloomberg News and Jake Tapper of ABC News, rounded out the questioning on the economy. Mr. Tapper asked how will Americans be able to tell if his economic program was working?
The president’s answer? If up to 4 million American jobs are created or saved.
Originally posted by dimensionaljumper
I am not hijacking this thread lernmore. I am merely commenting on the "revolution" talk that pervades THIS thread.
Originally posted by Benevolent Heretic
Well, I guess you know better than those who wrote it...
And the confidence provided by the passing of this bill constitutes it as an emergency.
Deal with it. Or not. It doesn't matter to me.
They waived the 48-hour rule. They don't even have to have it up there for 48 hours, much less 5 days.
Less than half the money dedicated to highways, school construction and other infrastructure projects in a massive economic stimulus package unveiled by House Democrats is likely to be spent within the next two years, according to congressional budget analysts, meaning most of the spending would come too late to lift the nation out of recession.
A report by the Congressional Budget Office found that only about $136 billion of the $355 billion that House leaders want to allocate to infrastructure and other so-called discretionary programs would be spent by Oct. 1, 2010. The rest would come in future years, long after the CBO and other economists predict the recession will have ended
Although the argument for quickly passing the $800-billion-plus stimulus bill now before Congress is that pumping money into the economy immediately will spur economic growth and create jobs, almost half of the new spending—as opposed to tax cuts—being proposed in the bill would not be spent until at least two years from now, according to an analysis published by the Congressional Budget Office.
In fact, CBO found that the types of spending favored by Congressional Democrats, such as road construction, IT, and unemployment spending, wouldn’t be spent as quickly because the money would be tied up in the state and federal bureaucracies
For nearly a week, House Speaker Nancy Pelosi has said that 75 percent of the $815.8 billion stimulus spending proposal currently before Congress would be doled out in the first 18 months after it becomes law. But a CBO analysis says only about 64 percent of the money in the bill will be spent by the end of fiscal year 2010, which comes 20 months from now.
Originally posted by Jay-in-AR
we ARE in an emergency situation. But at the same time, this money is NOT going to solve this emergency.
Originally posted by David9176
They can take that 13 dollars OF MY MONEY and shove it up their asses!
Originally posted by Benevolent Heretic
Originally posted by FlyersFan
But when the fact of the matter is that a majority of the $$$ won't be spent until after the first two years ... then this is NOT an emergency.
Don't suppose you have a source on that?
The money starts flowing in just a few months.
Q&A How the Stimulus will Unfold
Originally posted by Irish M1ck
I don't think either of you are economists.