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$6 Billion Proposal For High-Speed Internet Grants
witherstaff writes "House Democrats have proposed $6 billion in Internet investmentsas part of a sweeping economic stimulus bill that the full House is expected to vote on next week. The $6 billion is considered a down payment on efforts Obama will make in this area over the next several years. Of course let's not forget the $200 billion broadband scandal that the large telecommunication companies have been paid but never delivered on."
$6bn, as absurd an amount as it is, is a drop in the water compared to some of the things the last President put through. At least that kind of spending is starting to get funneled back into the US as opposed to, say, across the world in military misadventures that are actively damaging our security.
Funny--last time I checked, the President didn't have a f*cking checkbook. It was the liberal senators that took over in the last 2 years that passed the bailouts.
Although Bush doesn't get off scot-free--he didn't veto the f*cking thing.
There's no place like
Tax cuts for the rich had nothing to do with moving from a surplus to a deficit. In fact, the tax cuts actually fueled the recovery after 9-11 and presented less of a deficit then what should have occurred. This is not even getting into your fallacy that the tax cuts were for the rich. Two wars and increased spending is what took us away from the balanced budget. You can tell this because all of the war spending was off budget and the budget was still more then prospective tax revenue. Of course because of the tax cuts, we took in more then the projected tax revenue but it still wasn't enough.
For those of you who can't fathom how taxing less creates more tax revenue, I suggest looking past what is currently on the table. Taxing less makes more money availible for investment but it also makes the profit needed for investments to be profitable lower which in turn spurs more growth then what would otherwise happen.
Now the election is over, you can stop spouting lies and falsehoods to get your guy elected. In fact, part of the so called stimulus is going to be tax cuts (for the rich) and the dems are now claiming they are needed to get us out of the recession. Ignoring that fact that it is a 180 from the rhetoric they were spouting to get elected, your still out of touch with the hard cold evidence and the current democrat talking points.
The poster wasn't talking about TARP, he was talking about our misadventure in nation building known as the Iraq war.
Last time I checked high speed Internet didn't threaten to kill Israel and the U.S. Now when it goes down it does make me angry enough to do some bad things, but not bad enough to mustard gas 30,000 people in one day.
Not only did he not veto it, his administration (primarily the Treasury folks, headed by Goldman Sachs alumni Paulsen) basically went to Congress and said "The economy will die within weeks (if not days) if you don't give us this program."
Yep, the former president was an idiot for leaning toward a socialist idea, but a MAJORITY of Democrats voted for the bailout and a MAJORITY of Republicans voted against it.
The more I learn about science, the more my faith in God increases.