Saturday, February 7, 2009

Senators Reach Agreement on $$

The bill that the senate came up with amounts to around $900 billion. They are also cutting money, 20 billion for new construction for schools, 8 billion to refurbish federal homes to make them more energy efficient and 1 billion for the early childhood program. It was hard to get Republican support for this bill, when at first no Republican in the House voted for the bill, but with some of the changes there is some what of a compromise. Some Republicans are ok with it, saying that it is the best we can do at the moment. Others, like Senator George V. Voinovich of Ohio, said that the stimulus bill will not give as big of a boost that the economy needs. Mitch McConnell, the Republican leader, said that he is worried about "the crushing debt that we’re levying on the backs of our children, our grandchildren and, yes, their children". John McCain is becoming one of the main opponents to this bill, saying that he "wants to stimulate the economy, not mortgage the future of our children and grandchildren by the kind of fiscally profligate spending embodied in this legislation". But many are trying to rally the Republicans and get them behind this bill in order to give out aid faster. This is coming after it was released that in just January alone there were 598,000 job cuts. This is steeper job loss then there has been in a long time and there are just going to be more losses to come. It is urgent at this point to get something to Obama and to get it to him soon.

My thoughts is that there are smart people who know how to spend money, they should be in charge and then fix it. But I know its much more complicated then that. To me it looks like there are two different opinions on how to fix it, the Democrat way and the Republican way. For this problem, I feel like any solution would be a good one. The Republicans seem mad that they don't have a majority so the first big thing they can oppose, they will. Also, it is unlikely that there will be a major rise in the economy in the next 2, 4 or 6 years so I'm thinking that these Senators are looking for an easy argument for re-election. "See, I told you it wouldn't fix it. Vote for me!" But anyways, were not looking to good now so lets try and get past politics and do what you were elected to do.

1 comment:

Jesse Chung said...
This comment has been removed by the author.