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Find all the details in this article. http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs (Update1) By Mark Pittman and Bob Ivry Feb. 9 (Bloomberg) -- The stimulus package the U.S. Congress
is completing would raise the government’s commitment to solving
the financial crisis to $9.7 trillion, enough to pay off more
than 90 percent of the nation’s home mortgages............. Brian Chuck Bartosch wrote: LOL, dude, some pretty trivial math would tell you that's clearly not even in the ballpark!Maybe if the stimulus were $7.4 trillion, not $740 billion. But, hey, what's a factor of 10 or so between friends, eh? ;-) Chuck On Mar 10, 2009, at 10:32 PM, Brad Belton wrote:Is it true that the amount of money spent in "stimulus" plans would be equal to or less than the government writing every household in America a $70k or $80k check? Something tells me that would have been better use of taxpayer funds to "stimulate" the economy rather than what has and is been done so far... Brad -----Original Message----- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Travis Johnson Sent: Tuesday, March 10, 2009 7:34 PM To: WISPA General List Subject: Re: [WISPA] schools Too bad this isn't really helping much. I am heading to a Public Hearing right now for our school district. Even with the stimulus money, they are still talking about getting rid of 20-30 teachers and counselors next school year. And the year after that there may be that many more. That's a 10-15% reduction in our school district. So now it's looking like we did a $700 Billion dollar "loan", and we are STILL going to have a ton more layoffs and businesses going out of business. :( Travis Microserv RickG wrote:Where is this headed? http://www.ed.gov/policy/gen/leg/recovery/factsheet/overview.html Is this an income stream possibility for a WISP? -RickG |
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