Trajan
conscientia mille testes
uhmmmmm what? they spent before they cut it or they cut it before they spent it....wtf? 
look, seriously, have they no other ideas...none?
burnbank also, basically threw up his hands, hes out of tricks ( I still will wager on QE 3 by october).
Democrats call for new spending in debt deal
WASHINGTON (Reuters) – Democratic leaders called on Wednesday for additional spending to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts in Washington to head off a government debt default this summer.
Democrats' demand for new stimulus spending is at odds with the work of negotiators, led by Vice President Joe Biden, who are trying to find trillions of dollars in savings as part of a deal that would allow Congress to sign off on new government borrowing before the U.S. runs out of money to pay its bills.
Those talks, which resumed on Wednesday, have largely focused on spending cuts over the next 10 years. Senate Democrats want the deal to include more money for highway construction, a payroll tax cut and clean-energy subsidies to bring down the 9.1 percent unemployment rate.
"Get the recovery right before you get in this deficit-cutting mode," Assistant Senate Democratic Leader Dick Durbin told reporters. "Get people back to work. Let's start moving in that direction."
Republicans, who favor deep spending cuts, said that idea was not likely to go far in the Biden-led talks.
"They're not talking about spending money in there. That's not what they're trying to do," said Ryan Patmintra, spokesman for Senator Jon Kyl, one of two Republicans participating in the talks. Many Republicans view President Barack Obama's 2009 stimulus package as an $830 billion failure.
But as negotiators met for the second day this week, Federal Reserve Chairman Ben Bernanke called into question a key part of the Republican approach for healing the economy.
"I don't think that sharp, immediate cuts in the deficit would create more jobs," Bernanke told reporters. "In the short run ... fiscal tightening is at best neutral and probably somewhat negative for job creation," he added.
more at-
Democrats call for new spending in debt deal - Yahoo! News
look, seriously, have they no other ideas...none?
burnbank also, basically threw up his hands, hes out of tricks ( I still will wager on QE 3 by october).
Democrats call for new spending in debt deal
WASHINGTON (Reuters) – Democratic leaders called on Wednesday for additional spending to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts in Washington to head off a government debt default this summer.
Democrats' demand for new stimulus spending is at odds with the work of negotiators, led by Vice President Joe Biden, who are trying to find trillions of dollars in savings as part of a deal that would allow Congress to sign off on new government borrowing before the U.S. runs out of money to pay its bills.
Those talks, which resumed on Wednesday, have largely focused on spending cuts over the next 10 years. Senate Democrats want the deal to include more money for highway construction, a payroll tax cut and clean-energy subsidies to bring down the 9.1 percent unemployment rate.
"Get the recovery right before you get in this deficit-cutting mode," Assistant Senate Democratic Leader Dick Durbin told reporters. "Get people back to work. Let's start moving in that direction."
Republicans, who favor deep spending cuts, said that idea was not likely to go far in the Biden-led talks.
"They're not talking about spending money in there. That's not what they're trying to do," said Ryan Patmintra, spokesman for Senator Jon Kyl, one of two Republicans participating in the talks. Many Republicans view President Barack Obama's 2009 stimulus package as an $830 billion failure.
But as negotiators met for the second day this week, Federal Reserve Chairman Ben Bernanke called into question a key part of the Republican approach for healing the economy.
"I don't think that sharp, immediate cuts in the deficit would create more jobs," Bernanke told reporters. "In the short run ... fiscal tightening is at best neutral and probably somewhat negative for job creation," he added.
more at-
Democrats call for new spending in debt deal - Yahoo! News
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