A Second Stimulus Package?
October 21, 2008
By Kevin Cafferty
Fed Chairman Bernanke gave his blessing for another stimulus package, telling Congress another stimulus plan would be "appropriate". This was the first time the central bank chairman had explicitly endorsed a second stimulus package. Reuters video above.
Democrats and Republicans are divided on what form the stimulus package should take (Democrats and Republicans divided during an election season? Astounding!) - with Democrats supporting extending unemployment benefits, increasing food-stamp benefits and sending extra money to state governments to offset proposed spending cuts that could lead to layoffs of public-sector workers. Republicans are calling for tax breaks for businesses and consumers.
What do you think? Are you with Democrats or the Republicans on this one (or, if you want a third option, do you think a second stimulus package is a bad idea altogether)?
Comments
On
Wednesday, October 22, 2008
Nancy
wrote:
I think the federal goverment is spending our money faster than we can earn it.
Have your voice in this matter next tuesday on NorthStar Careers on talkshoe.com
On
Tuesday, October 21, 2008
Avatar
wrote:
Foreign ownership of the national debt is as of July 2008 $2.7 trillion. The balance is held by Intragovernmental Holdings and Debt Held by the Public. Where does the money for all these bailouts and stimulus program come from?
http://nomedals.blogspot.com
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