Monday, September 06, 2010

Obama To Back $50 Billion Infrastructure Plan For Roads, Rail, Air Travel


When the Republicans were spending like drunken sailors barely a peep was said about fiscal responsibility. We simply endured Voodoo Economics. Now, they claim fiscal restraint sans the rich folks' tax correction due in December which they claim need not be Paygo.They do want to reduce entitlement programs (things for middle and lower income Americans) so they can pay less taxes.



50 billion dollars is again too small of an amount to do real aid to people who are unemployed. What is urgently needed is a WPA type program rebuilding our infrastructure to compete with European countries and China who invested their monies in modernizing their infrastructure.



Since many unemployed Americans lostjobs that they will never return to we also need a CETA program that will retrain people for exist ing and future jobs. The only way out of this mess is to get people employed and contributing to our tax base.y. This means putting people back to work in jobs that pay a living wage.



Finally, it is time to focus on the banks that were lent taxpayers' dollars who are refusing to lend to small and medium sized businesses that hire people to work. We missed the mark by not nationalizing them when they were bleeding us. It is high time to invest in us. The banks must be forced to lend to American businesses that hire American workers. Pay us back with loans to us. Put Americans back to work!
Read the Article at HuffingtonPost

No comments: