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Senate Democrats seek new economic stimulus
Reuters ^

Posted on 06/22/2011 10:14:04 AM PDT by sunmars

Democrats in the Senate on Wednesday called on Vice President Joe Biden to include new economic stimulus spending in deficit-reduction talks as a way of lowering the 9.1 percent jobless rate that is hobbling the economic recovery.

Senate Majority Leader Harry Reid made the proposal to the White House, Richard Durbin, the No. 2 Democratic senator, told reporters.

"The Republicans are fixating on the budget deficit and it's a serious problem," Durbin said.

But citing the conclusions of a presidential deficit-cutting commission that he served on last year, Durbin added, "Get the recovery right before you get in this deficit cutting mode ... get people back to work. Let's start moving in that direction."

A senior Democratic aide said the job-creation idea Senate Democrats are now pursuing represented a pivot in the deficit-reduction negotiations.

He said the idea presented to the White House has three components to help create jobs: new infrastructure spending, a payroll tax cut and support for clean energy jobs.

He did not say how large the infrastructure spending proposal would be. In 2009, President Barack Obama won enactment of an $814 billion economic stimulus that Republicans opposed as wasteful spending.

The aide said the White House appeared to support extending the current payroll tax cut for employees, although there has been discussion on Capitol Hill of also expanding that tax cut to employers.

Biden is to return to the Senate on Wednesday for another meeting with the bipartisan group of lawmakers looking for ways to significantly reduce deficits. A deep cut in spending -- in the neighborhood of $4 trillion over a decade -- is a Republican requirement for allowing a vote to increase U.S. borrowing authority that is hitting up against a $14.3 trillion limit.

read on...

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government
KEYWORDS: biden; debt; democrats; nuts; porkulus; qe3; spending; summerofrecovery
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Oh i can guess where this is going......more crapola. So let me get this straight, we are trying to reduce the debt yet the Senate Dems want more spending........yeah that'll work
1 posted on 06/22/2011 10:14:06 AM PDT by sunmars
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To: sunmars

This better not happen.


2 posted on 06/22/2011 10:15:25 AM PDT by dforest
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To: indylindy

i’m betting porkulus part 2 and them hoping we dont notice.


3 posted on 06/22/2011 10:16:07 AM PDT by sunmars
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To: sunmars
Hey why not - how about another 1 trillion porkulus bill!

It worked so well the first time...

4 posted on 06/22/2011 10:17:17 AM PDT by corkoman (Steadfast and Loyal)
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To: indylindy
The Dems know this won't get past the House. IMO they are going to try and pin the non-recovery on those meanie Republicans who weren't willing to spend money to create jobs.

Only one problem - Porkulus already failed and was judged accordingly by the voters in 2010. So IMO that dog won't hunt. But it's the only play the Dems seem to know lately.

5 posted on 06/22/2011 10:17:44 AM PDT by dirtboy
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To: sunmars

I think I feel ill. Good grief. We are going to notice.


6 posted on 06/22/2011 10:18:02 AM PDT by dforest
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To: corkoman

must be another election coming up...oh wait, aah there it is.


7 posted on 06/22/2011 10:18:16 AM PDT by sunmars
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To: sunmars; All
"Senate Democrats seek new economic stimulus"


8 posted on 06/22/2011 10:18:22 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: sunmars

People in hell want ice water too


9 posted on 06/22/2011 10:18:46 AM PDT by italianquaker (the Western faculty lounge attitude, which is the sewer that Obama has been marinated in,)
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To: sunmars
Insanity def. See the Stimulus Bill(s).
10 posted on 06/22/2011 10:18:46 AM PDT by Huskrrrr
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To: sunmars

This is like a medieval barber performing a bloodletting on someone dying of anemia.


11 posted on 06/22/2011 10:19:12 AM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: dirtboy

yup, the playbook is obvious, thats why its coming from the Senate lot, they are electioneering no matter what it does to the economy.


12 posted on 06/22/2011 10:19:36 AM PDT by sunmars
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To: corkoman

If they’re so hell-bent on stimulating the economy....how about cutting taxes on the rich....and offsetting it by raising taxes on the poor? The poor don’t pay their fair share, but they get ALL of the benefits!!


13 posted on 06/22/2011 10:20:03 AM PDT by PALIN SMITH
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To: sunmars

If the original Porkulus didn’t work, why do they think that Round Two will work???????


14 posted on 06/22/2011 10:20:07 AM PDT by Dilbert San Diego
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To: sunmars

This wont go anywhere. The Donks already had their spending spree and look where it got us, NO WHERE BUT IN MORE DEBT.


15 posted on 06/22/2011 10:20:11 AM PDT by BradtotheBone (Moderate Democrat - A politician whose voting record leans left and whose vote can be bought.)
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To: dirtboy

I would not be surprised to see the dems make a part of an ignorant proposal like this stimulis checks like Bush did.

They are rotten to the core.


16 posted on 06/22/2011 10:20:13 AM PDT by dforest
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To: sunmars
He said the idea presented to the White House has three components to help create jobs: new infrastructure spending, a payroll tax cut and support for clean energy jobs.

Why haven't they tried those ideas before? Oh, wait . . .

17 posted on 06/22/2011 10:20:50 AM PDT by savedbygrace (But God.)
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To: sunmars

Senate Democrats, “Lets spend our way to prosperity”.

This was tried and failed going all the way back to FDR.


18 posted on 06/22/2011 10:21:06 AM PDT by headstamp 2 (We live two lives, the life we learn and the life we live with after that.)
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To: indylindy

The best ‘economic STIMULUS’ is if we got rid of the entire Senate for 2 years!


19 posted on 06/22/2011 10:21:26 AM PDT by The Bronze Titan
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To: sunmars

Typical libtards... tripling down on stupid.


20 posted on 06/22/2011 10:21:51 AM PDT by Common Sense 101
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