New York – Sen. Charles Schumer says the state could get at least $5 billion in financial aid under a new economic stimulus package being developed by President-elect Barack Obama’s transition team and congressional leaders.
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The senator is expected to discuss Monday how the funds for New York could help defray budget cuts and future tax hikes. He says the state could also benefit because the funds could be directed to mass transportation projects nationwide.
Obama adviser David Axelrod said Sunday that the cost of a stimulus plan could be “$675 billion to $775 billion.” But he said “those numbers are not fixed.”
So where is this money coming from? Now the States have their tin cups out. What about the states that managed their budgets? They have to pay NY and others for their wastefulness?
Please. Cut the spending and waste. Lower taxes and unleash the economy.
Mas transporatation? What happened to all of the tolls and fares we paid over the years? Wasn’t that supposed to be used for infrastructure?
Folks, government runs a bigger Ponzi scheme than Bernie the Ganef could ever run.
How much money did NYC spend after 9/11? This had a greater impact on NYC than most realize. It wasn’t a city that was hit. It was a country and thus NYC should get federal dollars to beef up its security and transportation.
who do you think is paying for this stuff? Chuck? It is your money they spend for their own protection/future.
Canada, to cite just one example, has universal healthcare, a large social safety net, lowered taxes sensibly in the last few years and also paid down a large portion of its national debt. Bush , on the other hand, conned the American people when he created a Medicare drug plan that made it illegal to competitively bid on drug pricing from the Pharm. companies. It was a massive transfer of funds from our pockets to the drug manufacturers. Is it any wonder that this country is crumbling under the misguidance of the borrow and spend Republicans?