"For the common good....."
ROFL
Posted on 01/11/2008 7:09:48 AM PST by jdm
NEW YORK (Reuters) - Democratic presidential contender Hillary Clinton on Friday will propose a $70 billion emergency spending package and possibly another $40 billion tax rebate to counter what she sees as a coming recession, according to the New York Times.
"I have been looking at the latest unemployment numbers, and I really think it is imperative that we start to move to help people dealing with the housing market and give the country a jolt of confidence in the economy," the senator from New York told the Times.
Clinton's plan would provide $30 billion for an emergency housing crisis fund for states to help low-income families unable to make mortgage payments; $25 billion to help low-income families pay heating bills this winter; $10 billion to extend unemployment insurance for people unable to find jobs; and $5 billion for alternative energy programs, the Times said.
The $40 billion tax rebate would be enacted later if economic conditions worsen.
The plan was the first specific stimulus package to be proposed by a presidential candidate from either party, the Times said.
Clinton's campaign had announced she would lay out her plans for jump-starting the U.S. economy in California on Friday at 2:15 p.m. EST.
Clinton told the newspaper she "absolutely" believed it was possible for Democrats in Congress to work with U.S. President George W. Bush to enact a stimulus package early this year. The U.S. presidential election does not come until November and the new president would take over a year from now.
But Bush has said any stimulus he is considering would most likely focus on tax cuts rather than spending, the Times said.
Clinton's emergency spending plan would add to the federal budget deficit and not be offset by tax increases or budget cuts, her campaign told the Times.
A weakening U.S. job market and manufacturing sector downturn last month has raised concerns the economy was near or perhaps already in recession, but U.S. Federal Reserve Chairman Ben Bernanke said on Thursday the Fed saw continued, but slow, growth.
Unemployment rose to 5 percent in data released last Friday.
Stimulus?
Is she going to print it in her cellar or take it from us at gunpoint?
My guess is the latter.
“Democratic presidential contender Hillary Clinton on Friday will propose a $70 billion emergency spending package and possibly another $40 billion tax rebate to counter what she sees as a coming recession, according to the New York Times.”
She just added another $30 billion to the National Debt...yet preaches about fiscal responsibility?
Just trying to beat Bush to the punch. Rumors are that Bush will suggest the similar in the State Of The Union address.
As usual, the ‘Rat’s solution to everything is to spend more money and when that doesn’t work, MAYBE they will talk about cutting taxes. After spending more money.
What was considered full employment durig the Clinton years??
Why not just suspend all federal taxes on gasoline. It’s the most regressive tax their is, right?
Trying to buy votes!
Where ya been? The "from us at gunpoint" has been going on since the IRS was invented. Every dime they take from us is under threat of arrest, having your property taken away from you and sold, TO PAY YOUR DEBT TO THE IMPERIAL FEDERAL GOVERNMENT!!! That is done under threat of the gun. They will take more, from all US RICH FOLKS!!!!! (that is ANYONE with a job and making money that the government is not already giving you for free) and give it to those so badly in need!!! Boo hoo hoo. The POOR!!! Boo hoo hoo. All those who sat on their lazy asses in school and failed, then dropped out, used drugs, got drunk, got pregnant at 14 or 15, had multiple babies before age 18, did nothing to prepare for life. All those DIMOCRAT voters. Yup. At the point of a gun my friend. Always have, and they will continue. Try not paying your taxes and see who shows up at your door, a GOVERNMENT OFFICIAL, WITH A GUN.
A 70 billion dollar spending package followed by a 40 billion dollar tax rebate sounds like a 30 billion dollar spending package to me. That’s if you would ever see the rebate in a Clinton administration to begin with. Probably it would end up being a 70 billion dollar spending package alone. No matter though, it would simply be added to the deficit. No taxes would be raised. This woman is a dangerous fool.
Nothing new here - Clinton is using the typical political bribery to get votes. Must say that Bush is no better. And before he starts cutting taxes again, he might want to wake up and realize that it is very easy to veto these ridiculous, ludicrous Federal spending bills. The problem is twofold: we are being taxed to death and the Feds are spending us to death. There has to be something in the water in D.C., because people normally go insane once they are living there.
Sell Las Vegas to China, and make sure Harry Reid is part of the package.
FTA:
“Clinton’s emergency spending plan would add to the federal budget deficit and not be offset by tax increases or budget cuts, her campaign told the Times.”
........for a week or two at least.
"For the common good....."
ROFL
In my 36 year working life I can only remember two tax rebates....Ford and President Bush.
Same thing her husband proposed. Lousy idea. It won’t work.
Now what’s Obama’s offer? LOL
The Dems are going to have so much fun choosing between the lesser of two evils.
I imagine it will be the one that can lie the most so that would be a hard choice.
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