Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Sponsored Content: GenBiz GenBiz GenBiz

Recent Entries
Absent Friends
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
Cutting The Cord And Email Security
Moron Meet-Ups





























































« Maniac: Andrew Sullivan Giddy as a Schoolgirl That He Got "Confirmation" that Trig's Parentage a "Legitimate Issue" | Main | Awww, Poor Widdle Baby Needs His Mommy to Go to Work With Him »
September 26, 2008

Senate Republicans Block Democrat Supported Stimulus Bill (Aurvant)

Holy crap! Something actually happened today.

Senate Republicans on Friday blocked a plan by Democrats to pump $56 billion in government spending into the economy through public works projects, help for the jobless and money for states struggling with their Medicaid bills.

The 52-42 tally fell well short of the 60
votes needed to defeat a GOP filibuster. The White House promised a
veto anyway, saying the measure would not work and would cost too much.

The dems are going to back up and try it again later in the day, but I don't see that getting anywhere either. With the Economy crisis and a $700 billion dollar bailout amount looming in the background of every bit of news that hits our ears these past few days you would think that Congress might want to stave off other needless spending in the meantime. Still, there are some interesting comments coming from either side of this bill. The White House opposes and claims that it is "needless spending" while the Democrats claim that it is, basically, the BEST STIMULUS PACKAGE EVAH.

"Record spending that could lead to record tax increases or higher deficits will not advance our economic recovery," the White House said
in a statement.

I completely understand that statement, but I don't see how that "other plan" wouldn't have the same type of adverse effect on the taxpayer. However, that's another argument for another time I suppose.

Democrats contend that with the administration insisting on a $700 billion bailout for Wall Street holders of toxic mortgage securities, President Bush should join them in providing federal help to the middle class and the poor. They cited studies by economists that say providing money - through food stamps and unemployment insurance - to people likely to spend it immediately has a proven record of boosting the
economy.

"It injects money into infrastructure projects to create
jobs directly and generate new economic activities," said Sen. Tom
Harkin, D-Iowa. "We get the biggest buck stimulus-wise ... by expanding
food stamp benefits. That's the best. The second best, extending
unemployment benefits."

Emphasis mine.

Yes, providing money to people who will spend it immediately will stimulate and boost the economy. However, since this package was designed to only benefit people who have little or NO income at all I fail to see how it will stimulate anything. The difference in this program and the Bush Stimulus package is that the first package actually put usable dollars in to the hands of citizens who could actually use it. This package, however, only increases medicaid, unemployment, and social program benefits that, at last I checked, weren't really classified as usable or viable income other than what could be classified as "basic". This new stimulus package only seems to serve as a means of KEEPING the people dependant on these social programs more bound to the social system. How does this help our economy again? You don't ever hear of the great food-stamp and jobless sector of our economy that kept this ship afloat now do you?

No, you don't.

Not to mention it would have funneled more money in to Medicaid which, I should point out, is just about bankrupting itself due to it's flawed design. I know this because my own very state is having it's own financial crisis due to the overwhelming debts being gained by the atrocious program.

Hopefully the House version wont get passed either, but we'll just have to wait on that one.

*I apologise if this post is out of place or unwanted. The Open Blog thing is a bit vague to me now considering I see it happening more and more frequently instead of just in the early hours or in the event that Ace isn't here.

Plus, it's about actual congressional news that took place today other than the bailout. So, if one plans to flog....please be forgiving.


digg this
posted by xgenghisx at 04:24 PM

| Access Comments




Recent Comments
GnuBreed: "[i]Peter Zeihan, whom I generally like when he lim ..."

Clear Neuro 10 Cognitive Support: "That is a very good tip especially to those fresh ..."

Shiggz (defective slave): "I will always be thankful to Mitt Romney for final ..."

Alberta Oil Peon: "KJP is just not very bright and she seems to get s ..."

Way, Way Downriver [/i]: "@219 Our Naples place is 'only' 4 miles from the o ..."

Tonypete: "All the dry-out guys do is chop out your wet and d ..."

Tonypete: "Ooh la la -- Watched the Ms. Meloni video from the ..."

11B40: "Greetings: One of the things that I learned gro ..."

Kindltot: "[i]Another Tragedy of the Commons. Posted by: NaC ..."

NaCly Dog (u82oZ): "Have a great night, everyone. May your roof sta ..."

Emmie: "[i]Huzzah. Colorado in the rear view mirror. H ..."

logprof: "'Sup Not diggin' the white Bengals look. (To ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64