Barack Obama wants another $50 billion to save the economy
According to this article, Barack Obama has sent a letter to congress requesting another $50 billion in spending to shore up the economy.
In a letter to Harry Reid, Nancy Pelosi, Mitch McConnell and John Boehner, the president said that more spending is needed immediately to avert a devastating double dip recession, and that concerns about the deficit, while important, may have to wait. For now, he said, the federal government needs to spend money to provide immediate economic aid to the still-struggling economy, and especially to states that otherwise may have to lay off workers to fill their own budget holes
According to the president, the economy needs this additional influx of taxpayer dollars so that various states won’t have to layoff firefighters, teachers, police officers, and the like. Isn’t this at least partly the same argument we heard about the $700+ stimulus bill in the first place?
What happened to all the stimulus money? According to Recovery.gov— the official stimulus fund tracking website– most of the individual states have received roughly one-quarter of the stimulus money they were promised. Why is Barack Obama looking for more money when most of the stimulus money has not been spent?
It seems to me that before we spend an additional $50 billion on the economy, we should at least finish spending the stimulus money. If the economy is recovering– as we are being told– and the stimulus money is the reason the economy is recovering, and if we have only spent about one-quarter of the stimulus money, wouldn’t spending the other three-quarters of the stimulus money send the economy skyrocketing? Or at least stop it from sliding “backward just as recovery is taking hold,” if the economy is indeed recovering?
America's Watchtower 
Well, as predicted the states are getting killed meeting all of the requirements placed on them by Obama’s legislation. That, and all the targeted groups; teachers, firefighters, and police, are all union related. It’s really a bailout for his union supporters.
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That is a great point Matt! Obama’s policies are helping to bankrupt the states and because of this they are more reliant on federal funds. This is all part of Obama’s plan.
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Matt, Why does he want to kill free enterprise? Why does he want to make the states dependent on the feds? We are facing the ruination of America with all of these bailouts. Socialism has not work in other countries so why does he insist on bringing it here?
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Those states needing money can cut all wages and benefits and not have to fire anyone. And why do they always want to lfire teachers and firefighters first insead of all the millions of office workers who sleep all day at their desks ??? Omaba must have his head way up his Muslim astric.
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There are also more non-essential workers that could be let go, the left always uses these examples to dray sympathy from the voters.
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Teachers and firefighters as well as police effect the average persons taxes more visibly.
they will always be the first target because they are an easy target to garner public support for. As a teacher for the last 22 years I can tell you we are the cause and downfall of everything so it seems.
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So true! These are groups of people that the left feels they can easily gain sympathy for so they use them whenever times get tough as a reason to get people to support tax increases.
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The previous bailouts went to the banks to pump into the stock markets at intervals to keep them from crashing. EVERYTHING IS NOT OKAY!
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This is war between those supported by government / government employees and the private sector. We realize this now and will take it all back.
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We are being robbed. My representative will hear from me.
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As usual, Matt has hit the proverbial nail on the head. Labor unions and their pension plans are dragging down state and local governments and the money is needed to prop them up. Maybe it would save a few jobs, but the cost would be far to great—we do not need to continue down this road!
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