http://www.msnbc.msn.com/id/22637891/
Quote:
LAS VEGAS - Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure.
The plan would include an immediate $250 tax credit for workers, which could double if the economy worsens, a one-time $250 supplement to Social Security payments, a $10 billion fund to help homeowners facing foreclosure and a $10 billion fund to assist states facing budget shortfalls amid lower tax revenues.
"We need that middle-class tax cut now more than ever — not five months from now or five weeks from now, but now," Obama said in a statement. "I'm announcing a plan to jump-start the economy by putting money in the pockets of those who need it most and will spend it quickly."
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And this money is coming from where ????
Just more spend spend spend from the government. Whether republican or democrat, all you hear is promises of spending money without anyway to pay for it. Wasn't Obama a Paygo guy?
http://www.barackobama.com/issues/fiscal/
Quote:
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Reinstate PAYGO Rules: Obama believes that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.
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Geez, the guy isn't even elected yet and he is breaking campaign promises.