And, you're up to your eyeballs in credit card debt?
And, you've been using the equity in your home as an ATM?
You're not alone anymore...
Our illustrious government officials have decided to manage taxpayer money in the same fashion!
No qualifying, just charge it and just print more $$$ when needed!
Yesterday the US House of Representatives passed 'The Stimulus Package' proposed by Barack Hussein Obama.
House passes $819-billion stimulus bill
By Janet Hook, LATimes
In a strictly party-line vote, lawmakers approve Obama's plan that expands jobless benefits, cuts taxes and spends on infrastructure, energy and education.
Reporting from Washington -- In the first major test of President Obama's ability to push his ambitious agenda through Congress, the House on Wednesday approved the largest attempt since World War II to use the federal budget to redirect the course of the nation's economy.
Obama had worked hard to gain bipartisan support for the $819-billion stimulus package, beginning to negotiate possible compromises with Republicans even before entering the White House. But the measure passed on a strict party-line vote, 244 to 188. Not a single Republican supported the bill, and only 11 out of 255 Democrats opposed it.
... Although solidly unified on the final vote, even some Democrats worried that the bill -- which was drafted by House Democrats working closely with Obama's aides and approved just eight days after his inauguration -- might not achieve its enormous goals.
And some lawmakers, especially fiscal conservatives and freshmen, squirmed at having to approve so much deficit spending to attack a problem they blame on former President George W. Bush and the GOP.
... "Most House Republicans will oppose this bill tonight for one reason: It won't work," said Rep. Mike Pence (R-Ind.). Republicans unsuccessfully proposed an alternative that focused only on cutting taxes.
... The bill contains an almost-bewildering array of provisions, many of them funded at all-but-unprecedented levels.
For the millions of Americans who have lost their jobs and are feeling the effect of the economic crisis most directly, the measure would provide at least $86 billion for expansion of the social safety net -- including deep subsidies for private health insurance, expanded access to Medicaid and more extensive jobless benefits.
About $275 billion in tax cuts for businesses and individuals, including credits of up to $500 for single workers and $1,000 for couples, are included in the bill. And it would prime the economic pump with $544 billion in direct spending, including aid to fiscally beleaguered states, subsidies for education and energy innovation, and funding for highway construction and other job-creating infrastructure projects.And The Senate isn't going to be out done, no sir!
Cost of Senate's stimulus plan hits $888B
By Richard Wolf and David Jackson, USA TODAY
WASHINGTON — The cost of President Obama's economic stimulus package rose to $888 billion in the Senate on Wednesday, even as an $819 billion version passed the House without any Republican support.
The rising cost and lack of GOP votes could be a challenge for the new president, who has preached fiscal responsibility and bipartisanship.
... The 647-page measure is divided about 2-to-1 between new spending and tax cuts. It includes hundreds of billions of dollars in benefits for those hard hit by the recession, for state and local governments facing layoffs and cuts, and for initiatives designed to create or save 3 million jobs.
The Democratic bill includes tax cuts for about 95% of working Americans — $500 for individuals, $1,000 for couples — and for small businesses. The major Senate addition: $70 billion to protect about 24 million Americans from paying higher taxes under the alternative minimum tax.
$544B in new spending, and $275B in tax 'credits'!
But that's not all that's in the so called 'stimulus package'...
Economic-stimulus bills allot millions for STD prevention
Stephen Dinan, Washington Post
The two sides of Capitol Hill appear to be engaging in a bidding war to see who can put more money toward the prevention of sexually transmitted diseases in its version of the economic stimulus bill.
The House included $335 million in its package. But the Senate, not to be outdone, provided $400 million in STD spending in its bill.
When the Drudge Report noted the House funds Wednesday morning, it set off a round of criticism from Republicans who said the money made no sense in a $819 billion bill designed to get the economy back on track.
"Senate big spenders will never be underbid in wasting tax dollars. But how in the world does STD research create jobs? Wait. ... Don't answer that. I don't want to know," said Wesley Denton, an aide to Sen. Jim DeMint, South Carolina Republican.
But the Senate bill, on page 138 of the 431-page measure, directs $400 million to the Centers for Disease Control and Prevention "for the screening and prevention of sexually transmitted diseases, including HIV."
Sen. Tom Harkin, Iowa Democrat and chairman of the Senate Appropriations health subcommittee, listed the allocation as one of the noteworthy achievements of the Senate spending bill, along with $75 million for smoking cessation and $870 million to prepare for a pandemic influenza outbreak.
"This initiative includes grants to communities for health promotion, immunization programs, health screenings and counseling, smoking-cessation programs, scholarships and loan repayment for health professionals, research, and evidence-based disease-prevention strategies," Mr. Harkin said in touting his work.
Just what we need! More AIDS education, programs to help quit smoking and how to put on a condom!
And of course we couldn't have any legislation without 'the blame game' rearing it's ugly head!
Representative Steny H. Hoyer, Democrat of Maryland and the majority leader, said that “the economics that got us into this mess” were the Republicans’ policies for the six years that Republicans controlled both the White House and Congress, through 2006.
Rep Hoyer neglects to note that everytime Mr. Bush sent a proposal to The Congress, it was either thrown in the trash or not even brought to the floor for a vote. The Dems stonewalled The President at every turn!
So here we are, in debt up to our eyeballs and can't pay the mortgage, but we surely need more 'pork projects' to 'create jobs' and stimulate the economy!
BHO's first attempt at bringing us together is a real goof ball.
I wonder if he will ever understand that jobs are created by private industry and any stimulus needs to support their efforts?
Creating more government programs and giving bailout money to ACORN, is just more socialism.
Hill Republican: Stimulus aids illegal immigrants!
Jan 29 12:02 PM US/Eastern
By JULIE HIRSCHFELD DAVIS
WASHINGTON (AP) - The $800 billion-plus economic stimulus measure making its way through Congress could steer government checks to illegal immigrants, a top Republican congressional official asserted Thursday.
The legislation, which would send tax credits of $500 per worker and $1,000 per couple, expressly disqualifies nonresident aliens, but it would allow people who don't have Social Security numbers to be eligible for the checks.
Undocumented immigrants who are not eligible for a Social Security number can file tax returns with an alternative number.
A House-passed version of the economic recovery bill and one making its way through the Senate would allow anyone with such a number, called an individual taxpayer identification number, to qualify for the tax credits...
God Save America, PLEASE!