While some economists consulted by Obama’s team recommended spending of up to $1 trillion over two years, a more likely figure seems to be $850 billion. There is concern that a package that looks too large could worry financial markets, and the incoming economic team also wants to signal fiscal restraint.
Fiscal Restraint? LMFAO
http://news.yahoo.com/s/ap/20081217/ap_on_go_pr_wh/obama_stimulus
Also, What is your prediction for the national debt by the year 2012?
March 1st, 2009 at 2:38 am
We might try asking the GOP to donate some of the money back that george w. bush stole from us and gave to them.
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March 3rd, 2009 at 11:51 am
I agree with Peter Schiff, Ron Paul, and others who are predicting hyper-inflation. For us to truely exercise fiscal restraint, we must abolish the Federal Reserve. The Fed has already given over 3 TRILLION away, and they refuse to disclose to congress and bloomberg with regards to whom the money was given.
Almost forgot the prediction: If we are still under this monetary system, 30+ Trillion.
March 4th, 2009 at 10:59 am
Tax the rich after the first year or interest on the debt will consume all of our income taxes for eternity. This hefty sum already exceeds federal spending on Welfare for the first time ever- all the more reason not to listen to right wing anti-socialist rants and empty claims of seeking a limited government when they are the worst offenders ever. Penalize employers for hiring illegals and a fence as costly as a month or two in Iraq may become unnecessary. Save wherever we can and create energy alternatives with a rabid intensity- that’s another area where dollars get ****** out of our economy.
March 6th, 2009 at 7:42 am
China! who else?
March 9th, 2009 at 12:43 am
We will all need to learn how to say I surrender in Chinese. Our greed, political corruption and stupidity has allowed our miserable politicians to sell us out to China and they have millions of young, unmarried men able to come here and collect.