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$100 Billion and Counting: Price Tag for Democrats' "Stealth Stimulus" Continues to Escalate
Democrats Ready to Double Down on Disastrous Economic Record With Billions in New Spending as America's Families Continue to Ask, "Where Are The Jobs?"
Washington
(Oct 19, 2009)
Just days after the federal government reported a budget deficit more than triple that of any previous fiscal year, Democrats in Washington prepared to double down on their disastrous economic record with “more stimulus” – read: more spending and borrowing. The price tag for this “stealth stimulus:” $100 billion & counting. While Democrats “have scheduled a meeting” for this week to talk about all this new spending, House Republicans have proposed a “bipartisan jobs plan” to help small businesses, assembled a “kitchen cabinet” of economic experts, and convened a working group of lawmakers to review additional job creation proposals. Out-of-work families asking “where are the jobs?” are looking for more than another pile of debt on our children and grandchildren.
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DEMOCRATS’ ECONOMIC RECORD:
DISASTROUS
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DEMOCRATS’ ECONOMIC AGENDA:
“MORE STIMULUS” THAT ISN’T WORKING
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 (NBC’s Meet the Press, 10/18/09)
“What is $1.42 trillion? It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States. It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.” (Associated Press, 10/17/09)
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 (Fox News’ America’s Newsroom, 10/19/09)
“The White House Readies a Stealth Stimulus… More stimulus is coming, but it just won't be called stimulus. Economic advisers, in concert with senior Democrats in the House and Senate, are planning … spending that could eventually add up to as much as $100 billion, say some outside experts.” (TIME, 10/19/09)
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House Republicans’ solutions to help small businesses create jobs: Allow small businesses to take a tax deduction equal to 20 percent of their income; let small businesses join together to purchase health insurance for their workers the way large businesses and labor unions do; enact genuine legal reform and policies that incentivize wellness to reduce health care costs for small businesses; lower taxes for all taxpayers by reducing the current 15 percent rate to 10 percent and reducing the current 10 percent rate to five percent; expand health savings accounts (HSAs) to provide additional flexibility to small businesses in providing health care to their employees; and increase the net operating loss carryback from two to five years to provide struggling employers with additional resources to keep their doors open.
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