On Wednesday of this week, the house plans to have a vote. If the vote succeeds, then there would be $167 billion dollars worth of measures for jobs. This would help the unemployment woes that the US has experienced during the recession. These new measures would help create more jobs and create a "safety net".
These new measures would help people that were most negatively affected by the recesssion. It would extend unemployment benefits and help provide more food stamps for the less fortunate.
The vote taht is being held on Wednesday will be a part of the defense spending portion of this bill. Many members of Congress, like the Senate and other lawmakers, have been pushing for extensions on unemployment benefits.
In addition, the house plans to have a vote to decide the fate of a 154 billion dollar job creation package. "The bill would take $75 billion from the remaining Troubled Asset Relief Program (TARP) money to fund $48 billion in infrastructure spending, as well as send about $27 billion to the states to prevent the layoffs of teachers, police and firefighters, according to sources within the House Democratic leadership. Some funds would also go to providing credit for small businesses."
This will pump money to highways and mass transit, and clean water projects and also for repairing and building of homes. The rest of the money would fund schools.
I think this is great that they are considering this. Much needed jobs will help desparate people who are in desperate times. Everyone should be given an opportunity to succeed.
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2 comments:
I hope that the House votes to pass these new measures; their purposes would benefit the many unemployed Americans in need of relief and others who are struggling during these harsh times.
The Trouble Asset Relief Program (TARP) seems like a really good idea since it would prevent the layoffs of important governmental employees as well as fund environmentally friendly projects and schools.
This measure sounds very familiar... FDR's New Deal. Providing more community service jobs has two key purposes. 1)improving public services such as improving highways and mass transit, starting up more clean water projects, as well as repairing and building homes.2)providing more jobs which will help stimulate the economy. I sure the Trouble Asset Relief Program (TARP) will have many positive effects on our economy.
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