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scottw · 07-08-2009, 01:59 PM

[QUOTE=RIJIMMY;699221]uhhh stimulus, budgets, waste............lets try to stay on topic here boys. QUOTE]

here ya go Jimmy, "if at first you don't succeed, bankrupt yet another generation"...maybe they'll have a big, expensive party and work everything out...print more money, more deficit spending, higher taxes, strangle industry, these guys really know what they're doing...

Democrats Split on Stimulus as Job Losses Mount, Deficit Soars By Matthew Benjamin

July 8 (Bloomberg) -- Democrats who control the levers of power in Washington are divided over whether to push for more deficit spending to end the recession and stem job losses(that assumes more deficit spending will accomplish this), complicating the possibility of a second stimulus bill.

“We need to be open to whether or not we need further action,” House Majority Leader Steny Hoyer, a Maryland Democrat, told reporters yesterday. Senate Majority Leader Harry Reid of Nevada countered that “there is no showing to me that another stimulus is needed.” (yet)

President Barack Obama underscored the dilemma by addressing both sides of the argument.(fence) In an interview with ABC News yesterday, he said unemployment approaching 10 percent (wait, he said the first stimulus would keep it at 8%, emergency, emergency!) is something “we wrestle with constantly.” He added that spending more borrowed money is “potentially counterproductive.” brilliant stuff?...you know he really wants to..
The split reflects two major challenges facing the Democrats: Record budget deficits that make additional spending much tougher to pass and a 26-year-high unemployment rate of 9.5 percent that is expected to rise to double digits. (spending money that they don't have and more government dependents, Dems should be quite happy)

“They’re between a rock and a hard place,” said Stuart Rothenberg, editor of the Rothenberg Political Report in Washington.

The U.S. economy lost 467,000 jobs in June(but the trends are POSITIVE), exceeding economists’ forecasts, while the federal budget deficit is projected by the Congressional Budget Office to top $1.8 trillion this year(that's nothing) and $1.4 trillion in fiscal 2010. That’s provoked criticism of the $787 billion stimulus bill passed in February as either wasteful or not large enough. (how about STUPID)

Borrowing Surge (the SURGE has failed)

The Treasury is increasing debt sales to pay for the spending. After more than doubling note and bond offerings to $963 billion in the first half, another $1.1 trillion may be sold by year-end, according to Barclays Plc. The second-half sales would be more than the total amount of debt sold in all of 2008.

The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the bill approved in February was “a bit too small,” said Laura Tyson, an adviser to Obama during last year’s presidential campaign who now sits on the White House’s Economic Recovery Advisory Board. (one Trillion...do I hear Two Trillion??(should be twice as effective)...Barney bids 3 Trillion!!...do I hear 3.5 Trillion???

Rhode Island Senator Sheldon Whitehouse, a Democrat whose home state has a 12 percent jobless rate, told ABCNews.com that a second stimulus is “probably needed.” Action by Congress would “probably take place towards the end of the year,” Whitehouse said. (stop talking moron)

With the White House and congressional Democrats focused on a major health-care overhaul(destruction and govt. takeover) and a climate(scam) bill, some lawmakers expressed pessimism about the likelihood of such legislation. (yeah, right...we really didn't want to stimulate again but it was an emergency)

Will there be a third stimulus...right before the depression officially begins?

07-08-2009, 01:59 PM	#58
scottw Registered User iTrader: (0) Join Date: Nov 2007 Posts: 12,632	[QUOTE=RIJIMMY;699221]uhhh stimulus, budgets, waste............lets try to stay on topic here boys. QUOTE] here ya go Jimmy, "if at first you don't succeed, bankrupt yet another generation"...maybe they'll have a big, expensive party and work everything out...print more money, more deficit spending, higher taxes, strangle industry, these guys really know what they're doing... Democrats Split on Stimulus as Job Losses Mount, Deficit Soars By Matthew Benjamin July 8 (Bloomberg) -- Democrats who control the levers of power in Washington are divided over whether to push for more deficit spending to end the recession and stem job losses(that assumes more deficit spending will accomplish this), complicating the possibility of a second stimulus bill. “We need to be open to whether or not we need further action,” House Majority Leader Steny Hoyer, a Maryland Democrat, told reporters yesterday. Senate Majority Leader Harry Reid of Nevada countered that “there is no showing to me that another stimulus is needed.” (yet) President Barack Obama underscored the dilemma by addressing both sides of the argument.(fence) In an interview with ABC News yesterday, he said unemployment approaching 10 percent (wait, he said the first stimulus would keep it at 8%, emergency, emergency!) is something “we wrestle with constantly.” He added that spending more borrowed money is “potentially counterproductive.” brilliant stuff?...you know he really wants to.. The split reflects two major challenges facing the Democrats: Record budget deficits that make additional spending much tougher to pass and a 26-year-high unemployment rate of 9.5 percent that is expected to rise to double digits. (spending money that they don't have and more government dependents, Dems should be quite happy) “They’re between a rock and a hard place,” said Stuart Rothenberg, editor of the Rothenberg Political Report in Washington. The U.S. economy lost 467,000 jobs in June(but the trends are POSITIVE), exceeding economists’ forecasts, while the federal budget deficit is projected by the Congressional Budget Office to top $1.8 trillion this year(that's nothing) and $1.4 trillion in fiscal 2010. That’s provoked criticism of the $787 billion stimulus bill passed in February as either wasteful or not large enough. (how about STUPID) Borrowing Surge (the SURGE has failed) The Treasury is increasing debt sales to pay for the spending. After more than doubling note and bond offerings to $963 billion in the first half, another $1.1 trillion may be sold by year-end, according to Barclays Plc. The second-half sales would be more than the total amount of debt sold in all of 2008. The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the bill approved in February was “a bit too small,” said Laura Tyson, an adviser to Obama during last year’s presidential campaign who now sits on the White House’s Economic Recovery Advisory Board. (one Trillion...do I hear Two Trillion??(should be twice as effective)...Barney bids 3 Trillion!!...do I hear 3.5 Trillion??? Rhode Island Senator Sheldon Whitehouse, a Democrat whose home state has a 12 percent jobless rate, told ABCNews.com that a second stimulus is “probably needed.” Action by Congress would “probably take place towards the end of the year,” Whitehouse said. (stop talking moron) With the White House and congressional Democrats focused on a major health-care overhaul(destruction and govt. takeover) and a climate(scam) bill, some lawmakers expressed pessimism about the likelihood of such legislation. (yeah, right...we really didn't want to stimulate again but it was an emergency) Will there be a third stimulus...right before the depression officially begins?