The White House released some of the numbers from the economic stimulus package today that indicate how much money the final package would give to Washington State. In total, the package would create 80,000 jobs in the state, they predict.
Some standouts:
- 79,700 new jobs in two years
- $1,000 tax cut for 95 percent of those employed in Washington State
- Additional $100/month in unemployment insurance for 404,000 Washingtonians
- “Modernization” of at least 138 schools, which means updating computer equipment for labs, libraries and classrooms
- 67,000 families will be made eligible for a $2,500 tax credit for four years of college
The $819 billion bill is currently being debated in the Senate.
[Cross-posted from Publicola.]
How do we get some of that school renovation/building money ($20 billion in some recent version of the package) for Seattle Public Schools?
No thanks to Deputy Dawg Reichert.
Just waiting on the Senate. That is, if the fossils at the Greed & Opulence Party are finished trashing the country.
If the Repugs succeed in bringing this bill down, Home Depot might end up getting some economic stimulus.
Sales of torches and pitchforks will go up!
2 Assuming Bernie Marcus must be leaning hard on the Republicans in Congress to oppose this bill, I’d hope Joe Biden would consider buying his two-by-fours someplace else.
Numbers released for lost jobs: 500,000,000 per month. Creative destruction’s even more destructive than we thought.
@2 The Democrats could pass this bill on their own. They have the votes, they just don’t have the political cover they want for this piece of crap.
My unborn grand children will be paying for this shit sandwich long after any benefit is gone.
@5
Do you think your grandchildren won’t pay for any of the consequences of a global depression?
speaking of more spending, here’s yet another real-example of why your private insurance is better than single-payer. From a former Brit on another blog: I’ve lived through the National Health too, and can attest to your post. My nephew[lives in England] had to wait six months for an MRI when he dislocated his knee, my son, who went through the same problem waited a grand total of 24 hours and was in surgery within the week to repair a torn ligament, my nephew, a year later, still waiting for surgery. Meanwhile he can’t play soccer or do anything active, he’s only 15 years old. I’m so glad I live here.[For now at least}.
#6: Global depression is coming with this kind of overspending. Have you forgotten? The U.S. is broke. This is borrowed money they want to spend. The healthiest thing they could do is spend less than they take in and start paying down the national debt. Families do it all the time on Dave Ramsey’s show. America could do it, too, if the pols didn’t have such a bogus ‘credit card’ mentality. Read Larry Burkett’s book “The Coming Economic Earthquake” on what will eventually happen with the debt and how it will blow up in our faces if the DC pols don’t stop spending into oblivion. Debt caused much of this problem; more debt will not fix it. Talk about a depression, that’s what coming if they don’t stop spending what they never had to begin with…Who do you know personally that’s broke, and borrowed more to spend on gum and candy to get themselves on solid financial footing? That’s right; no one.
Btw, what a revelation it was to hear San Fran Nan Pelosi announce that we are “losing 500 million jobs a month”?? Amazing feat, that is, when we only have about 310 million people in the country at present. I’m tempted to say more about her in light of this ‘brilliant’ statement of hers, but I’ll kindly refrain.
I’m glad the refinancing and reselling of junk real estate didn’t have anything to do with this.
Or the $1 trillion war for oil.
Or the No Bidding Contracting on America.
Or The Ownership Society.
Or the $X billions for a missile defense program that doesn’t work and no one wants.
Or….
@7 et seq. ad nauseum: Overspending wasn’t a problem when Republicans were doing it. E.g., $2 trillion squandered on Bush’s recreational war in Iraq; hundreds of billions shoveled into cronies’ pockets via no-bid contracts.
What has changed? Is spending suddenly a problem because Democrats are doing it? Because it’s for saving the economy? Because not enough innocent people are being killed by the money?
Geitner doesn’t pay his taxes.
Dashle doesn’t pay his taxes.
Killefer doesn’t pay her taxes.
Rangel doesn’t pay his taxes.
Blagojevich sells a senate seat.
CIA nominee Panetta takes $$ in fees from troubled banks.
Clinton Era deja vu
How’s that hope and change thing working for you?
@11
You’re painting with a broad brush. Bush and Republicans spend money on things that largely don’t help the economy(although, war spending does have a short term benefit, but long term it hurts). Stimulus spending is a different beast altogether, the most pressing problem we’re facing right now isn’t the deficit, it’s the economy crashing down. You’re bitching about an electrical outlet blowing out when the house is on fire. During a recession what we need is deficit spending, and during good economic times are when we need true budget hawks and when we need to pay down debt.
@9
We’re losing 500,000 jobs a month, but by all means instead of solving it lets mock Pelosi more misspeaking a couple times!
USA! USA! USA!
You mean the Iraq war right? Didn’t you vote for it in 2004?
So, how much do you right-wing geniuses think all those people who’ve lost their jobs are going to give a shit about a break on their income tax when they don’t have any goddamned income?
@14
I’m willing to admit that I need to read my comments before I submit them.
#9 It must suck to work in an industry where you can never, ever misspeak.
ADP index list December’s job losses at 659,000.
ADP index shows 522,000 jobs lost in January.
522,000 is 10,000 a state. We know people here who lost their jobs last month.
I would like the government to try something, and not just sit on it’s hands. Just say’in.
All the BS about change and the libs are still crying about the past. The libs control congress and if they wanted to pass this package of waste they could without Republicans. Only chicken little can run the country on paper yet too scared to stand on two feet.
This is the change you voted for fear and unworthy cabinet members with a leader who is blinded by his own halo.
OBAMA fooled you libs not the rest of the country.
The world leaders has changed it view on Obama which only took a few weeks.
HaHaHa