This is a quick follow up to my last post. So lately the idea of a second stimulus bill has been the talk of politics. Now I have already covered that the stimulus has essentially failed. It has done way more damage then it has solved and even congress admits it has failed since they don't even want to call this new bill a stimulus, due to the fact that the first one isn't working.
But here's another little nugget of information. We've only spend 80 million of the stimulus so far. That's 80 million 787 billion. That is right around 13%. Also a strong 45% of Americans think we should cancel the rest of this bill. Now weather or not the stimulus will create long term affect, which i'm sure it would. The problem is this would not take full effect, until as the CBO estimates 2011. Do we really need this? While our debt is 9 trillion?
Dear Congress,
You still have about 87% of the first stimulus to spend, before i even want to talk about a second stimulus.
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There is a reason for only spending what we've spent from the stimulus... much of it is long-term gain. I'll be getting stimulus reports back in relation to jobs and such this Friday (3 days before anyone else will be receiving it) so I can give you some numbers ;) and there won't be a second stimulus. The idea came and went!
ReplyDeleteYes i am aware of this. The idea just really got me hyped up. So why are we spending this only for long term. the idea was stimulus. not long term.
ReplyDeleteHowever i just read today in Politico, that the senate is ready to roll out a 20B stimulus.
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