stupid fucker should have done this a year ago

The ARRA was for 2 years and wasn't designed to be offset by spending cuts or tax increases. It was to be a stimulus package.

This new stuff must be paid for under the budget rules:

http://www.washingto...html?hpid=topnews

While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.

The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.

Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.

Administration officials wouldn't say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy's growth has slowed. Officials said this infrastructure package differs from the stimulus because it's aimed at long-term growth, while still focusing on creating jobs in the short-term.

IOW, it's great and makes sense (we should have had such an infrastructure bank long ago), but it's not intended to be economic stimulus (though with some luck it will be). He (and Summers and Geithner) are apparently still hoping that Bernanke and the Fed can do whatever else is necessary to keep the economy going. (It's a weak hope, IMO.) There was little hope of getting it through the congress a year ago ("OMG!! TEH TAXES!!!11!!")

Cheers,
Scott.

Post #332,284 by boxley 9/6/10 10:24:48 AM Reply	stupid fucker should have done this a year ago but no, he had to fund mouse dancing fucking theatrical troupes http://apnews.myway....06/D9I2DUV01.html Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #332,287 by Another Scott 9/6/10 10:58:33 AM Reply	This is different from the ARRA. The ARRA was for 2 years and wasn't designed to be offset by spending cuts or tax increases. It was to be a stimulus package. This new stuff must be paid for under the budget rules: http://www.washingto...html?hpid=topnews While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future. The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays. Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects. Administration officials wouldn't say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal. Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy's growth has slowed. Officials said this infrastructure package differs from the stimulus because it's aimed at long-term growth, while still focusing on creating jobs in the short-term. IOW, it's great and makes sense (we should have had such an infrastructure bank long ago), but it's not intended to be economic stimulus (though with some luck it will be). He (and Summers and Geithner) are apparently still hoping that Bernanke and the Fed can do whatever else is necessary to keep the economy going. (It's a weak hope, IMO.) There was little hope of getting it through the congress a year ago ("OMG!! TEH TAXES!!!11!!") Cheers, Scott.
Post #332,288 by crazy 9/6/10 11:01:16 AM Reply	Dude He does what you want (and I agree with this path) and you are PISSED? Fuck you (hey, in flames, do as the flamers would, at least poorly). Because of his other priorities? Or what could possibly be done at a given time with a given amount of jugggled leverage? For all you know, he's been actively working on it, lining up support, twisting arms, and now it is finally ready for public consumption. And you think anyone you possibly support would EVER do this type of thing, at least someone you support that has a chance of getting in? In the immortal words of Bug's: Whatta maroooon!

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