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EDHS Contemporary World Affairs -> Discussion Topics, Week A -> Group 1: Stimulus plan + poll
Post Info TOPIC: Group 1: Stimulus plan + poll
Do you think this proposed plan will help the economy? [6 vote(s)]

Yes.
16.7%
No.
33.3%
In the long run.
0.0%
Waste of our money.
50.0%
Bonemail-(Christophe K)


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Group 1: Stimulus plan + poll
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New article is here: http://news.yahoo.com/s/ap/20090125/ap_on_go_pr_wh/obama_economy

The stimulus plan now up for voting today in the house is very contoversial. While republicans want more tax cuts and incentives for buisnesses democrats are keeping the package mostly about spending federal money to increase public works and private company productions. What do you think about this bill? Is it the right way to help fix the economy? Which party (If at all) do you agree with?

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KW00D


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Where is the money coming from? Raising taxes on the rich?

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Bonemail-(Christophe K)


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KW00D wrote:

Where is the money coming from? Raising taxes on the rich?


The bill states no tax increases to my knowledge but speaker of the house nancy pelosi has expressed an urge to get rid of the bush tax cuts before they are slated to expire. Obama though is not willing to go forward in raising taxes of any kind.

Hope that helps! smile



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KW00D


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Exactly where will the money be invested though?

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Captain John Manassero


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i dont think it will work. just wont. yes, where does the money come from.

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mannyg


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I believe that Obama's economic stimulus package should benefit our countries economy. More government spending can only create more jobs, and therefore benefit the wellbeing of our country. WE are always going to have a virtually unmeasurable amount of debt, and this new plan would not change that. Under the new economic plan, hopefully good things will come.

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Bonemail-(Christophe K)


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mannyg wrote:

I believe that Obama's economic stimulus package should benefit our countries economy. More government spending can only create more jobs, and therefore benefit the wellbeing of our country. WE are always going to have a virtually unmeasurable amount of debt, and this new plan would not change that. Under the new economic plan, hopefully good things will come.


Well I will leave it to my favorite quote I found today to explain why spending won't work.

"The Democrats think somehow they're going to come in and fix it," he said of the recession left behind by Bush. "But common sense: You can't spend your way out of poverty, running up your credit card. You get to buy a lot of stuff, but you end up deeper in debt. Eventually they will have to come back to the Republican party."


-http://www.guardian.co.uk/world/2009/jan/30/republicans-democrats-congress-obama

As for the money we are spending on the stim. plan most of it is just coming off the printing presses thus decreasing the value of itself slowly over time or from borrowing money from other nations. 8% of the national budget is spent just on the interest of these loans.

Here is a site that might put our spending into perspective for you.

- http://zfacts.com/p/461.html



-- Edited by Bonemail-(Christophe K) at 21:25, 2009-01-30

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It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds. 
Samuel Adams 
KW00D


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Hahahah that quote is so true. I really think that the Stimulus plan is a huge waste of money. He's not off to a good start...closing Gitmo and now this.

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DerChancellorJake


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"The Democrats think somehow they're going to come in and fix it," he said of the recession left behind by Bush. "But common sense: You can't spend your way out of poverty, running up your credit card. You get to buy a lot of stuff, but you end up deeper in debt. Eventually they will have to come back to the Republican party."


OMG!!!!! I LOVE THIS QUOTE!!!

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Kommandant_Karl


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Democrats are just that way. "It isn't that Democrats are ignorant. Its that they know so much that isn't so." by Ronald Reagan.

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