economic stimulus
A $1.3 Trillion Stimulus?
It’s not impossible. In an interview with CNBC yesterday, President-elect Barack Obama threw out the $1.3 trillion figure as the upper-end of the suggestions his economic team is hearing from experts.
[I]t’s important to note that every economist, conservative or liberal, at this point agrees that we have to have a substantial recovery plan that helps [...]
CBPP: Many States Couldn’t Accept Loans Anyways
The Center on Budget and Policy Priorities, a liberal policy analysis group, just issued its take on the recent GOP suggestion that states should be given loans, not grants, as part of the Democrats’ soon-to-be-unveiled stimulus package. A point we missed earlier: Because 49 states have some form of legal balanced budget requirement, many wouldn’t [...]
More on Those State Loans…
Yesterday, Senate Minority Leader Mitch McConnell (R-Ky.) introduced what will likely be a major GOP talking point as the debate over the Democrats’ economic stimulus package evolves: Republicans, it seems, will be pushing for states to take their cash in the form of loans in lieu of direct aid.
Writing in The Washington Post this morning, [...]
McConnell Calls for State Loans as Part of Stimulus Plan
Not sure how this is going to fly with Democrats (read: it’s not), but Senate Minority Leader Mitch McConnell (R-Ky.) took to the chamber floor today and, in the middle of a long speech about the importance of bipartisan cooperation in confronting the sunken economy, suggested that the hundreds of billions of dollars expected to [...]
Governors Have Eyes Only for Obama II
Following up on Matt’s nice post about the states tapping Obama for help with enormous budget shortfalls…
Few are saying it out loud, but the issue has a ring of class distinction surrounding it. That is, the White House has been quick to secure hundreds of billions of dollars for white-collar workers on Wall Street, but [...]
Congress Digs Obama’s Economic Picks
The statements are dribbling in slowly, but the common verdict from members of Congress surrounding the economic team put together by President-elect Barack Obama seems to be one of undying love — from both sides of the aisle.
Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said the team “has the makings of the [...]
Stimulus Stalemate?
Even as the nation’s economic news seems to darken each day, the White House and congressional Democrats remain at odds over proposals designed to reverse the trend.
States Reeling From Economic Downturn
The states’ collective budget shortfall is estimated to be $30 billion and rising. Required by law to balance their books, states are cutting social services even as demand is rising. Can Congress come to the rescue?
Democrats Declare Urgent Need for Second Economic Stimulus
As the economy continues to flop, congressional Democrats are pushing harder to move a second economic stimulus bill before the end of the year.
Taxpayers will remember that the first round of stimulus efforts came in the form of direct-to-the-door rebate checks — $600 for individuals and $1,200 for married couples. This time around, lawmakers are [...]
Economic Stimulus III? IV? Hell, Who’s Counting Anymore?
It’s tough to keep track of the numerous stimuli floating through Washington these days.
First, at the start of the year, we had the $168 billion package that delivered cash money to you and me.
Then Congress passed the $700 billion financial bailout — a jolt for Wall Street designed to thaw frozen credit markets by boosting [...]
