$825,000,000,000.00
And this is teaching the next generation to be responsible how? I believe Henry Ford has one of the best quotes for this situation. It’s one that I most definitely agree with…
“Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again.” — Henry Ford, February 11th 1934
From the article:
The $825 billion economic stimulus package rolled out by Democrats on Thursday might not be enough to prevent an economic catastrophe, according to the chief architect of the package.
House Appropriations Committee Chairman David Obey D-Wis. also told reporters it may not be the last effort to use big government spending to spur the economy.
“This represents the largest effort by any legislative body in the world to take government action to prevent economic catastrophe,” Obey said, “and even that may be insufficient alone.”
Later in his briefing, he added, “This product may undershoot the mark.”
The bill could be voted on in committee next Wednesday. That’s the day after the inauguration of President-elect Obama — or, as Obey put it, “the day after the crown prince is sworn in.”
via TheHill.com – Rep. Obey not sure $825B stimulus is enough.
Categories: Government, Personal Finance, Quotes
Tags: finance, Government
Comments: 1 Comment.
Hello. I was reading someone elses blog and saw you on their blogroll. Would you be interested in exchanging blog roll links? If so, feel free to email me.
Thanks.
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