It's unbelievable! This guy just will not quit. The newest brainchild of obama's is a new "national bank"; at least that's what he's calling it. Who knows what it will morph into in the coming years and decades. Under the guise of infrastructure investment - highway rebuilding, railway construction and airport runway rehabilitation, as well as a new airway navigation system to replace current air traffic control systems - obama plans to spend billions more. He initially wants to front-load the project with $50 billion to stimulate the economy some more. Personally I think he's done enough damage to the long-term viability of the country with all the stimulating he's already done. And who knows how many more billions (or even trillions) will be poured into his pet project through his proposed national bank? Who will have control of that money, who will have access to that money, who will have oversight over that money and that bank, and what other things might the money ultimately be used for? Can you say unregulated slush fund? What a field day for the progressives if that passes!
Get on the phone, write a letter or email your Senators and Representative! Let's slow down this idea until we can get all the answers we need. Personally, I'm not just a little concerned about the creation of a national bank. It's just another big government money pit that will help to increase the size of our government in my opinion, and that scares the hell out of me. I'm strongly against that vision.
Then there's this from Julie Pace, Associated Press Writer
Other stimulus measures the administration is considering include extending a law passed in March that exempts companies that hire unemployed workers from paying Social Security taxes on those workers through December. Sen. Chuck Schumer, D-N.Y., has proposed extending the exemption an additional six months. (Gee, Social Security Isn't enough in the Red? We're exempting companies from having to pay SS taxes on new hires? That should help stabalize Social Security, huh?)
Wary of the public's concern over rising deficits, the administration insists a second stimulus plan, similar to last year's $814 billion bill, is not in the works. (Believe them?)
Stand With God, Stand For Liberty - Stand Against Big Government and Stand Against Tyranny In ALL Forms And At ALL levels!