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Forget deficit reduction: Here comes more stimulus

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Forget deficit reduction: Here comes more stimulus

Post by Guest on Thu Jul 14, 2011 8:19 am

The White House is already floating the idea of rolling over this year's payroll tax cut, which was supposed to be temporary, and extending it to employers. The proposal, which would cost up to $200 billion, appeals to the Republicans' corporate base, and it could even be included in a last-minute deal to raise the debt ceiling. If that doesn't happen, the idea will be resurrected in September, when Congress returns to session and when it will be accompanied by other costly suggestions to help the jobless, such as extending unemployment benefits (again), boosting tax credits for capital investments (again), and providing firms with subsidies for hiring people.


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Re: Forget deficit reduction: Here comes more stimulus

Post by fredm74 on Thu Jul 14, 2011 10:11 am

Another stimulus package doesn't surprise me. I hope and pray that 99ers are counted this time.


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