We used one of the oldest tricks in the book from what I have read. If you want a million dollars in court, ask for three million.
From the New York Times:
-The Congressional Budget Office released a report on Feb. 2 saying that, over all, the Senate version of the stimulus package would provide a swifter boost to the economy, with a combined $694 billion in spending and tax breaks by October 2010, compared with $526 billion for the bill that the House approved. The total cost of the Senate bill was $64 billion more than the House plan.
On Feb. 4, Senate Democrats easily beat back a number of efforts by Republicans to vastly change the stimulus measure by stripping out spending programs and broadening the tax cuts. Negotiations continued on efforts by two moderate Republicans, Olympia Snowe and Susan Collins of Maine, and a conservative Democrat, Ben Nelson of Nebraska, to cut tens of billions in spending from the bill. Ms. Collins and Mr. Nelson worked together to push for cuts of between $50 and $200 billion; Ms. Snowe called for $100 billion to be dropped.
The next day, a bipartisan group of 20 senators began a series of closed-door meetings to try to cut provisions thought to be less tied to job-creation. Aides said the group had drafted a list of nearly $90 billion in cuts, including $40 billion in aid for states, more than $14 billion for various education programs, $4.1 billion to make federal buildings energy efficient and $1.5 billion for broadband Internet service in rural areas. But they remained short of a deal.-
http://topics.nytimes.com/topics/reference/timestopics/subjects/u/united_states_economy/economic_stimulus/index.htmlI don't know where the author gets their math for the increase of the Senate Bill over the House version. It doesn't add up to me.
If the House version passed with $526 Billion in spending and tax cuts by Oct. 2010, and the Senate bill proposes an increase to $694 Billion in the same time-frame, that leaves a net INCREASE of $168 Billion if my math is correct.
So even if we 'negotiate' with the other side to cut the entire $90 Billion recommended in the closed door meetings, that still leaves a net increase of $78 Billion over and above the original plan passed by the House, no?
If that is the case we slaughtered them on this.
But even if the author's math is on at a $64 Billion increase, and we give them the entire $90 Billion in cuts from the Senate version to pass the damn thing, we will only have negotiated away $26 Billion out of the original $526 Billion stimulus package passed by the House.
There is the issue of tax cuts, but let's see where they go. Don't get me wrong, I am all for infrastructure spending. But targeted correctly it could help a lot of people. Like not having to pay tax on unemployment income, for example.
We may not have a deal yet, but the point of contention has changed drastically in our favor in less than two weeks imo. To top it off repubs are revealed for the obstructionists they are to a very nervous, and pissed off, public.
I hope I am not missing something here.