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Wednesday, February 18, 2009

More On The Fiscal Stimulus Bill

I have read a great deal of analysis on the $787 billion package. However I continue getting stuck on one number. The tax cut contained within the package is for the middle class and amounts to $400 per individual or $800 per couple. This is per year! So really individuals are saving about $8 per week. Wow thanks for the help. Do you think this will help if your salary get cut or you are behind on some credit card debt say at 19%? Not sure how relavent it really is. I would have rather seen the money spent on increased "shovel ready" infrastructure projects and education. This would address both the short and long term needs for the U.S. economy. Building schools in Milwaukee ($87 million) when they already have 15 empty schools due to shrinking demographics is not my idea of spending on eduction.

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