Stimulus Creates Right Kinds of Jobs! Opposed By All GOP Forever!

[mascale]

After the Republicans ,and the ir good supporters and friends, the Banks, collapsed the real estate market, by bundling fraudulent paper, Bernie Madoff-like, for sale around the globe: Then Construction employment crashed.

The Repbublicans and the banks also crashed the stock market, state and local government and trough-slopping teacher-pay. The Ivy League fixed that first, being pseudo-intellectually gifted, and on the world market.

So now it's time for the infrastructure spending to start.

Ezra Klein - Infrastructure: The right jobs for the right people doing the right things at the right time

Entire Regions of nations know that this is what should have been done at the start! Mainly, the GOP said "Not!" to everything, and now propose a Halt to further stimulus spending: Since construction spending will be the outcome! The planning for the "shovel-ready" projects(?), is under way! A shovel or two is apparently what the other projects, were actually worth.

This will be the big stuff, some of which started last summer.

And it is becoming widely conceded that this is the next required step in the new Recovery, underway in this year. Year Two of the Obama Administration isn't even over until after Halloween.

Mainly everyone now knows that witches and goblins are really what excites the Republican. It's even on TV. Construction Jobs are not on radar especially at GOP/RNC.Tea Party of old Abe Lincoln, itself. Lincoln was famously a destroyer(?), even though he wasn't in the navy(?)! The Republicans can always, of course come up with something they are really for.

The Pledge doesn't seem to make the Mantra!

"Crow, James Crow: Shaken, Not Stirred!"
(Admiral W.O.P., In Bonnet With No Feather, even, in chrage of finding Discovered Nations: Maybe now rest in pizza(?)! The Loooooone White Man--want clean living for young kemosabes! Tune In!. . . and See: If he's dead, yet!)

 

[waltky]

Granny says dem politicians gonna drive ever'body to the poorhouse...

Gov’t Has Borrowed an Additional $29,660 Per Household Since Obama Signed Stimulus
Thursday, February 17, 2011 - The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago. That brings the total national debt to $125,475.18 per household.

At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood at $10.79 trillion ($10,789,783,760,341.41), according the Bureau of the Public Debt. At the close of business on Feb. 16, 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50)—an increase of $3.34 trillion (3,340,105,930,036.09)

The U.S. Census Bureau estimates that there are a total of 112,611,029 households in the United States, which average about 2.6 people per household. That means that the new debt accumulated in the two years since Feb. 17, 2009, when President Obama signed his economic stimulus law, equals about $29,660.55 per household.

The current total national debt of $14.13 trillion can be divided into equal portions of $125,475.18 for each of the 112,611,029 households in the country.

Source

See also:

Treasury Secretary Says Obama Budget Plan Could Lead to ‘Unsustainable Obligations’
Thursday, February 17, 2011 – Treasury Secretary Timothy Geithner said the budget proposed by President Barack Obama could leave America with “unsustainable obligations over time.” That’s in contrast to Obama and White House officials who have argued the plan balances the budget without adding to the national debt.

The top White House spokesman even called it an “extraordinary document” on Tuesday, the same day as Geithner’s testimony. Geithner testified to the Senate Budget Committee on Thursday about the budget, attempting to defend the president’s fiscal year 2012 budget proposal.

Under the proposal, the budget deficit – projected to be at $1.6 trillion for fiscal year 2011, will fall to $607 billion by 2015 under the White House projections. However, the deficit increases each year after that, going to $774 billion by fiscal year 2021. Further, the national debt would nearly double to $26.3 trillion by fiscal year 2021 under the president’s budget projections. Nevertheless, Obama said Tuesday, “What my budget does is to put forward some tough choices, some significant spending cuts so that by the middle of this decade our annual spending will match our annual revenues. We will not be adding more to the national debt.”

During the Senate Budget Committee hearing, Sen. Jeff Sessions (R-Ala.) asked the Treasury secretary, “Under your budget, the interest increases each year. It was $187 billion in 2009. Under your proposal, it increases to $844 billion” Geithner responded, “Senator, absolutely, it is an excessively high interest burden, it’s unsustainable.”

Sessions said, “Well it’s your plan. That’s the plan the president submitted.” At that point, Geithner partially agreed with the ranking member. “You’re absolutely right that with the president’s plan, even if Congress were to enact it, and even if Congress were to hold to it and reduce those deficits to three percent of GDP over the next five years, we would still be left with a very large interest burden and unsustainable obligations over time,” Geithner said.

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