The House Republicans gave an outline of proposals for an alternative budget plan today. Specifics on how much the budget would cost and what affect it would have on the deficit are due to be released next week. Among the proposals are spending cuts on everything except defense and lowering the top tax rate from 36% to 25%. A tax cut of that magnitude would free up money used by those in a position to …
8 comments, join the conversation
Posted under Economy
Written by admin on March 26, 2009
Being a former resident of Indiana, I still follow Indiana politicians fairly closely. Evan Bayh has been one of those that I can admire for sticking to his principles, even if I don’t always agree with him. This is an example where he is sticking to his guns and is not supporting the earmark-laden $410 billion spending bill.
If I had more faith that Obama was a man of his word, I’d expect he would veto this bill… unfortunately, the President …
No comments, add your thoughts here
Posted under Economy
Written by admin on March 10, 2009
Another interesting poll from Rasmussen:
67% trust their judgment more than the average member of Congress. Even more surprising 44% think a group of people randomly selected from the phone book could address the nation’s problems better than Congress! Only 37% disagree with them. This does not bode well for the Democrats so early into holding majorities in the House, Senate, and Presidency.
It is clear that …
3 comments, join the conversation
Posted under Economy
Written by admin on February 11, 2009
Reports are coming in that a tentative agreement has been reached on the stimulus package. Collins, Nelson, and Specter were called into a closed-door meeting and the Democrats have apparently made enough concessions to get those three to change their vote (getting them the 60 votes they need to close debate and bring the bill to vote). The bill has apparently been trimmed from $937 billion to $780 billion. Apparently, …
No comments, add your thoughts here
Posted under Economy
Written by admin on February 6, 2009
