Saturday, January 26, 2008

Boyda endorses stimulus package

As reported in today's Topeka Capitol-Journal, Congresswoman Nancy Boyda supports the stimulus package agreement that has been reached between Democratic House leadership, the Republican minority and the White House.

The stimulus package negotiated by the Bush administration and House Republicans and Democrats would provide individual taxpayers up to $600 rebates, with working couples pocketing $1,200. Those with children would get an additional $300 per child.

"That will be money injected directly into the economy," said Democratic Rep. Nancy Boyda.
Though we are loath to say it, Congressman Todd Tiahrt (R-KS) made a good point, though we don't agree with his analysis. The article reads thusly:

The drawback, Tiahrt said, was the Internal Revenue Service might not be able to send out rebate checks until June or July. It is a big job, given that more than 100 million taxpayers might qualify for a rebate.

"If there is a recession, it will probably be over by then," he said.

It is deeply unfortunate that the rebate checks might not be in the mail until June or July because our economy needs a stimulus right this very minute. Our end fear is very different from Mr. Tiahrt's- we're afraid this will all come too late to do any good, and by June or July the recession will have firmly established itself, and millions of Kansans and Americans will have suffered for months.


Anonymous said...

this is great, and i'm glad boyda's pushing it...but i agree with the post that it's going to be too little too late...this president has ignored the good of the USA for years, and we're reaping the rewards from that now.

Anonymous said...

I don't claim to understand how the economy works, but this sounds like a bad idea to me. It's like putting a Band-Aid on a bullet wound.

Anonymous said...

why would it be a bad idea to put a band-aid on a bullet wound? i get that it doesn't solve the problem, and it's not enough, but isn't anything proactive better than doing nothing? If you do nothing don't you just bleed to death?

Anonymous said...

I don't see this stimulus package as being proactive. I think that it's just designed to get everyone feeling complacent around election time. It's not gonna do any real good, and we obviously don't have the money to pay for it. Nobody wants to make the tough decisions necessary to fix what's wrong with the economy. I don't know that those decisions are, but I'm certain that giving everybody free money and telling them to go spend, spend, spend ISN'T one of them.

And with the Band-Aid on a bullet wound metaphor I was trying to say that the stimulus package would temporarily cover up what was wrong with the economy, but it wouldn't remove the bullet or stop the bleeding. The economy needs major surgery.

Anonymous said...

my response to your metaphor was supposed to say a stop gap solution while the bigger issues are dealt with is better than doing nothing at all while the bleeding continues.

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