国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
US House to introduce second stimulus bill next month
(Agencies)
Updated: 2008-10-30 10:08

David Paterson, governor of New Jersey's neighbor New York, however, told the Ways and Means Committee that the first priority of a stimulus bill should be giving direct and immediate fiscal relief to states through emergency block grants and reimbursements for their portions of Medicaid, the joint healthcare program administered by the federal government and the states.

The sun splashes light on the Federal Reserve Building in Washington, DC. [Agencies]

While Paterson said infrastructure spending was also key, he added the caveat that "state budget conditions have deteriorated to the point where any federal dollars received for infrastructure projects must be free from state matching fund requirements."

In contrast, South Carolina Governor Mark Sanford begged the Ways and Means Committee not to pass a stimulus bill at all, saying the added debt would cause long-term damage to US economy.

"If you go ahead with this, the question has to be asked who bails out the bailouters," he said.

Sanford said he found irony in addressing a problem brought about by excessive borrowing, the financial meltdown spurred by the credit crisis and housing downturn, with more borrowing.

Rep. John Mica of Florida, who is the highest ranking Republican on the infrastructure committee, said a stimulus bill would not be full of "pork", the funds members of Congress often set aside for pet projects in their districts, and it should be implemented speedily.

"We should focus on eliminating red tape to move forward with projects critical to improving our deteriorating infrastructure and providing out-of-work Americans with jobs," he said.

When the first stimulus bill was considered, measures to boost infrastructure spending were dropped because many feared that distributing the money and beginning construction projects would take too long to create any economic benefits.

"I'm tired of hearing from the pointy-headed economists who say, 'Oh, these infrastructure projects take too long,'" Rep. Peter DeFazio, an Oregon Democrat, said at the infrastructure hearing. "There are some economists now... who say, 'Well, actually, this recession is probably going to be so long and so deep that argument doesn't hold sway."

Municipal Debt Considered

One way the federal government could help get money flowing through local and state economies would be to create a guarantee for municipal debt, said Timothy Firestine, Chief Administrative Officer of Montgomery County, Maryland.

"There's nobody willing to provide guarantees for short-term liquidity. That's the best place for Congress to help," he told the Ways and Means Committee, noting that some municipalities cannot make their payrolls because they cannot access short-term debt

The guarantee would be similar to that offered for commercial paper under the recently passed economic stabilization act, he said, echoing suggestions made by many in the municipal bond market

"Congress and the Treasury could also act to lift burdensome tax code requirements on corporations and property and casualty insurers that limit the amount of tax-exempt bonds that they can purchase," he said.

   Previous page 1 2 Next Page  
泰兴市| 大同市| 城固县| 玛曲县| 来宾市| 通辽市| 巴里| 芒康县| 龙泉市| 汾西县| 华宁县| 南安市| 民丰县| 遂川县| 刚察县| 罗源县| 防城港市| 嵊州市| 广东省| 玉树县| 闸北区| 应城市| 重庆市| 高阳县| 鄂托克前旗| 鞍山市| 芜湖市| 商河县| 济阳县| 永福县| 赤水市| 山阳县| 禄丰县| 铜川市| 治多县| 板桥市| 黄大仙区| 乌兰察布市| 当阳市| 江川县| 东兰县|