For some time now myself and others have been railing on the idea that the GOP has been simply fighting against the President?s plan for moving the country forward and fixing our economy without providing some sort of alternative to the President?s budget.
Today the GOP put out a Budget Alternative, or at least a blue-print for one. Maybe it?s a rough draft?
Posts Tagged ‘Economy’
Yesterday the Treasury announced that it would let 10 of the largest TARP recipient banks to start paying back as much as $68 Billion of the $200 Billion that was given out. While this is definitely a good sign we are not yet in the clear.
While the collapse of the U.S. banking system is no longer seen as an imminent danger, access to the capital markets remains difficult and bank balance sheets are clogged with troubled loans and other assets. Most of the nation’s 8,000 banks are being hammered by the recession, and the number of bank failures is expected to climb. The 10 banks seeking to return government money will be able to continue leaning on the U.S. government in other ways, including by issuing debt guaranteed by the Federal Deposit Insurance Corp.
Apparently if the President of the United States decides to shake the hand of any leader of a foreign country that doesn’t like the United States, when they meet at an international conference, he is committing some sort of mortal sin and treason against the country he was sworn to defend; at least that is what Newt Gingrich would have you believe.
No Mr. Gingrich, shaking hands with the leader of a hostile nation couldn’t in any way be seen as simple civility.
I’ll be the first to admit that I believe that teachers in general are sorely under paid and need increases, and the Governor is doing his best to keep from cutting the state Education budget by the nearly accross the board 6.5% that the state budget is taking, but it just seems a tad unseemly to me that the Des Moines teachers union is asking for a 6.5% compensation increase (4% of which is a sallary increase) while thosuands of fellow Iowans are loosing their jobs due to the global economic crisis. Didn’t President Barack Obama just ask us all to serve our country and be prepared to make sacrafices in order to get us out of the economic black hole we are currently in or did I hear that wrong in the speach?
Also posted on The Pajama Pundent
It’s just after 2am in the morning and I’m wide awake. That generally isn’t a good way to start the day. Since the plant has been working only 4 days a week, I worked out a deal where I could work 10 hour days so that I could keep my 40 hours. It took a little convincing but after being there for nearly 12 years now, which is rare in a company where the average career term is less than a year, they seemed to agree that I deserved a bit of a break. The downside to this is that I get home shortly after 7pm, and I’m generally in bed by 8 and asleep by 8:30. It has thrown my body clock completely out of whack. /sigh
Browsing through the morning news, I see that our governor, Chet Culver, has been hitting all the economic and industry meetings he can in Des Moines, pushing his plan to cut as much as 6.5% from every single program in the state budget. Iowa is currently facing a 700 million dollar budget short fall this year, and thus the drastic cuts. The general public doesn’t have much of an idea what the state can expect to get money for and how much from the Obama stimulis plan, but the governor seems to believe that we will get several million dollars for roads. Would be nice if the city of Grinnell would finally repave the rest of Broad Street and stop with the stupid brick designs.