House Democrats ready $825 billion stimulus bill ( GOP offers own plan as price tag of Democrats'...

Marketwatch ^ | 12:11 p.m. EST Jan. 15, 2009 | Robert Schroeder, MarketWatch

[Ernest_at_the_Beach]

WASHINGTON (MarketWatch) -- House Democrats, with the blessing of President-elect Barack Obama, are preparing a massive $825 billion economic stimulus bill loaded with federal spending and tax cuts, a more expensive package than initially estimated that is likely to face Republican criticism.

The bill contains $550 billion in federal spending and $275 billion in tax cuts, but the numbers are subject to change. Read a summary.

Democrats are seeking to spend $90 billion on highway, transit and other public-works projects, which they say will spur job creation.

The bill also contains $102 billion aimed at helping workers find new jobs and retaining employer-provided healthcare.

It also preserves a $500-per-worker and $1,000 per working couple tax credit, a key priority of the incoming Obama administration. Read a summary of the tax provisions.

House Majority Leader Steny Hoyer said Wednesday that House committees will begin work on the stimulus bill next week. Obama and Democrats want Congress to approve a bill by mid-February.

Republicans offer alternative

Conservative House Republicans introduced a stimulus bill of their own on Wednesday that focuses largely on tax cuts and excludes the government spending that Obama and Democrats favor.

Obama has said he will listen to ideas about the stimulus plan but has stressed that quick action is necessary to jump-start the economy.

"President-elect Obama correctly recognized last week that the monopoly over strong ideas does not belong to just one party," said House Republican Whip Eric Cantor on Thursday.

Cantor is holding a hearing to discuss the Republican bill Thursday.

[KansasGirl]

Hey, why not? If they can pull $825 biliion out of their azz, why not $3 trillion?

[DoughtyOne]

Remember when I used to say the Republicans could never out-Democrat the Democrats.

Well..., nevermind.

[JSDude1]

Keep your eye on government (junk) BONDS when nobody wants them anymore..the game is over! CAUSE THAT’S WHERE WE ARE HEADED!

[popdonnelly]

Less government would make a terrific economic stimulus.

[calex59]

Well, all this ass kissing by the republicans is just cementing my commitment to move to independent status. They are not even trying to buck the frickin’ Dimwits. Conservatives need another party or we really need to vote the Rino a**hats out of office.

[calex59]

I maxed mine out and now am on cash only. I'll deal with the Credit Card Banks in the future, but I'm not paying them a penny right now. I might settle for a penny on the dollar up to ten cents on the dollar . . . but the BANKS got their TARP/Bail-Out and they had the opportunity to wipe out everyone's credit card debt and instead they used the money to purchase another bank. That's not what they led us to believe they were going to do. They led us to believe they'd be helping their mortgagees and they "lied" --- wow, banks lie, who'd a thunk?

Have you noticed after all the BS about economic crisis that cars are now selling like hotcakes again? A manufactured crisis to win a Presidential election, McCain fell for it and lost his a**. What a frickin' dupe him and most of the republican pols are!

[upchuck]

$6 billion to expand broadband internet access so businesses in rural and other underserved areas can link up to the global economy.

Just the US Government, doing the job AT&T, Comcast, et al won't do.

Posting this on a lousy 56K dialup line, I hope this comes true. AT&T sure isn't doing the job.

[NeoCaveman]

At a trillion its $3,400 a piece and we have to pay it back in the future.

Why not just hand me share

[Marine_Uncle]

I wonder if Franks, Dodd, and their cadre expect to have Putin mail them merit badges for doing such a great job of assuring this republic is pulled down into the quagmire of financial disaster.

[SunkenCiv]

Thanks Ernest.

and here’s a Tinfoil Topic:

Obama is merely a fop for the global elite
(economic meltdown of begins and ends United Nations)
augustreview.com | Judi McLeod
Posted on 01/15/2009 8:28:11 AM PST by shielagolden
http://www.freerepublic.com/focus/f-news/2165077/posts