The Republican version of fiscal responsibility.

[flamin lib]

From a Market Watch article on the Stimulus compromise:

“The vast majority of Republicans in the House and Senate want nothing to do with the bill. They offered an alternative that was chiefly composed of tax cuts to individuals and businesses.

The compromise plan cut about $100 billion in spending from the Democrats' initial plan, including about half of the money that was targeted to help states balance their budgets without cutting services (and jobs) or raising taxes. The compromise also eliminates about $20 billion for school and college construction. It reduces spending on food stamps, health care, broadband deployment and Head Start.

The compromise includes a proposal that would give all homebuyers this year up to $15,000 in tax credits.”

http://www.marketwatch.com/news/story/obama-pitches-stimulus-senate-nears/story.aspx?guid={77468A71-8ACD-4544-89A6-A070C2CCFDF0}&dist=msr_1

According to Moody’s, a respected investment management firm: infrastructure investment returns $1.59 for every dollar spent. What did the Republicans do? Cut $20 bil for rebuilding our crumbling schools. That’s infrastructure just like roads or bridges and it’s shovel ready right now. They pulled $50 bil from support to the states that would return $1.36 on the dollar. They cut the remaining $30 bil from food stamps that return $1.73, health care improvements, the expansion of broadband (the 21st century infrastructure that would require NEW hiring and NEW high tech investment) and Head Start.

If you still have my last missive about the best ways to stimulate the economy you might want to recall it while you contemplate the compromise the Senate Republicans forced into the bill to avoid filibuster.

From a Market Watch article:

“The vast majority of Republicans in the House and Senate want nothing to do with the bill. They offered an alternative that was chiefly composed of tax cuts to individuals and businesses.

The compromise plan cut about $100 billion in spending from the Democrats' initial plan, including about half of the money that was targeted to help states balance their budgets without cutting services (and jobs) or raising taxes. The compromise also eliminates about $20 billion for school and college construction. It reduces spending on food stamps, health care, broadband deployment and Head Start.

The compromise includes a proposal that would give all homebuyers this year up to $15,000 in tax credits.”

http://www.marketwatch.com/news/story/obama-pitches-stimulus-senate-nears/story.aspx?guid={77468A71-8ACD-4544-89A6-A070C2CCFDF0}&dist=msr_1

According to Moody’s, infrastructure investment returns 59% for every dollar spent. What did the Republicans do? Cut $20 bil for rebuilding our crumbling schools. That’s infrastructure just like roads or bridges and it’s shovel ready right now. They pulled $50 bil from support to the states that would return 36% on the dollar. They cut the remaining $30 bil from food stamps that return 73%, health care improvements, the expansion of broadband (the 21st century infrastructure that would require NEW hiring and NEW high tech investment) and Head Start.

Instead they want more across the board tax cuts that return 3% on investment.

What kind of effing idiots are these people?

[valerief]

1. If the Dems succeed, the Rapepubs lose now and in the future.

They have to make the Dems lose to survive any way they can, but especially if it makes absolutely no sense. The sheeple get nervous when reason is involved.