Tuesday, June 15, 2010

Obama Wants to Spend Another $50 Billion

Obama is asking Congress to approve a $50 billion package to aid state and local governments. Last month, the House removed a $24 billion request for state aid from a jobless bill.

Democratic leaders say Obama is giving conflicting signals by calling for cuts to programs and also asking for more stimulus spending. Republicans have offered an alternative that would cut $55 billion from the deficit over the next decade.

The original package was $200 billion last month but was cut back due to conservative Democrats. They could not support the bill because the national debt is $13 trillion or 90% of the entire economy.

http://www.shortnews.com/start.cfm?id=84429

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