Wednesday evening the House passed the biggest stimulus package of all- $819 billion to help stimulate the economy and produce jobs for unemployed Americans. This package includes spending increases and tax cuts. It’s Obama’s plan to revive the economy.The vote was 244-188. Republicans unanimously opposed this bill despite Obama’s pleading for bipartisan support. Now this bill goes to the Senate. The Democrats want to have this legislation ready by mid February for Obama to sign. $275 billion will go for tax cuts for individuals and businesses. Tax cuts calls for $500 breaks for individuals and $1000 for couples.
Rep. Randy Neugebaum, Texas, argued that the entire cost of the bill would just add to the soaring federal deficits. He asked a very important question, but was widely ignored. “Where are we going to get the money?” I would also like to know the answer to this question. I fear Obama will be the biggest spending president ever.
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