SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LindyBill who wrote (315017)7/16/2009 12:30:57 PM
From: Neeka   of 793843
 
Dems whole agenda was to increase Domestic spending. What percentage of the 7.7% that has already been distributed went to education? The only people (besides bankers) seeing an increase in their "wealth" are Unions and educators. They have said go to hell to the engine needed to pay for it all.

One problem with Mr. Obama's stimulus bill that is rarely talked about is that it will force a huge, and likely permanent, increase in discretionary, domestic spending. That portion of federal spending was $393 billion in President George W. Bush's last budget. Democrats immediately raised it to $408 billion for this fiscal year and now face the question of whether to make the stimulus a one-time expenditure or a permanent spending increase.

Federal education spending is a good example. As part of the stimulus, Mr. Obama nearly doubled education spending to $80 billion from $41 billion. If Congress adds that and other stimulus spending into the baseline for future budgets, discretionary domestic spending could mushroom to $550 billion or $600 billion next year. If that happens, Mr. Obama will have broken his pledge that the stimulus would be temporary spending.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext