Republican vs Democratic Stimulus Package

On Februrary 3rd, 2009, the Senate Republicans of Congress offered their own ideal stimulus package, after the House passed the $900 billion Democratic stimulus package, which is a $445 billion, almost half of the previous proposed package. McCain along with four other Republicans argued against the Democractic package, basically saying it's more of a "spending package". However, unlike the Democrats, the Republicans want to add on tax cuts, cutting in half 6.2% payroll tax on employees and reducing the corporate tax from 35% to 25%, and lowering the bottom 2 income tax brackets to 10% and 5%, all for one year. In addition, they will spend only $11 billion to keep people in their homes and $65 billion to build and repair state infrastructures. Even though Obama wants to start pouring money into the economy right away and wants to sign it on February 16th, he will need the minority Republicans to help pass the bill, needing at least 2 of the 42 Republican votes.
Obama needs to make sure what he is doing is good for the country in the long run, will we be able to keep passing multi-billion dollars even though we are falling deeper into debt now? Instead of pouring money into the economy, which the Bush administration has already done, he needs to start creating jobs, like he said before. What are people going to do with the money you give them? Spend it. Then they're left with nothing again, and that's when they'll keep asking for more money. People need to earn it, that's why he needs to create jobs so they can keep earning it, instead of just receiving a check and going on vacation, then coming back to a house that has been foreclosed while they are away. However, the money that is going to the "Title 1" education can be used because education can never be stopped, once it does, once schools run out of money to employ teachers and have resources to educate kids with, then starts the decline of the country, with no future in sight, no future leaders, no future success. I believe that Obama is simply too hesistant and has overanalyzed the problem, when instead he needs to look at the bigger picture, the future, and cut back the $900 billion stimulus package. Obama says "We can't afford to wait", but can we afford to throw away much of our resources right now and hope that the economy will jump start itself? Can we not give the economy a little bit at a time and see how it responds? Why gamble $900 billion without a guarantee that our economy will recover, do we really have to gamble it away? I guess the question is, can we have our cake and eat it too? (Cake = money, but once we eat it, are we still going to have it?). Me and my team completed a C-span Student Cam documentary against this $900 billion Democratic package, and we analyzed the situation with experts, for which I form the basis of this post on, for further information please refer to http://studentcam.viddler.com/videos/watch.php?id=e6e7f861.


-Chieneezy.