The House and Senate gave final congressional approval to sweeping economic-recovery legislation, marking a new milestone of federal intervention in the nation’s economy.
The action came a little more than a year after the Democratic Congress, pushed by then-President George W. Bush, adopted a stimulus package that was less than a third the size of the revised $787.2 billion plan approved Friday.
How am I going to spend my extra $8.00/week, what will I do with my stimulus money? Obama and the Democrats are too kind to the American citizens.
After a month of wrangling, Congress voted to pass a compromise economic recovery package of spending provisions, tax cuts and aid to laid-off workers and their families. The 1,073-page bill contains hundreds of provisions.
Not a single Republican backed the package Friday in the House, where seven Democrats joined 176 Republicans in opposition, and 246 voted for it.
Hours later, the Senate, voting 60-38, cleared the measure to be sent to the White House for President Barack Obama to sign into law. Three Republicans joined with 57 Senate Democrats in support of the package; 38 Republicans voted against it. source.
| 
| 
| 
Related Reading:
From the supplier: J. Peter Grace divides his time between being CEO of W.R. Grace and Co and co-chairman of the non-profit group Citizens Against Government Waste (CAGW). The head of the successful specialty chemicals company began his campaign against wasteful government spending when he was appointed by President Reagan to chair the President's Private Sector Survey on Cost Control in 1982. Grace was able to recommend 2,478 dollar-saving measures that were expected to reduce government spending by $424.4 billion over a three-year period. The 79-year old CEO continues to monitor inefficiency, mismanagement and waste in the federal government as part of the CAGW, which he co-chairs with columnist Jack Anderson. The CAGW estimates that wasteful spending in 1992 alone will reach $166.6 billion and may rise to $921 billion over a five-year period. Grace urges the public to voice out their objection.
Citation Details
Title: Peter Grace. (CEO of W.R. Grace and Co.) (N.B.)
Author: Paul Helou
Publication: Chief Executive (U.S.) (Magazine/Journal)
Date: June 1, 1992
Publisher: Chief Executive Publishing
Issue: n77 Page: p19(2)
Distributed by Thomson Gale
Citation Details
Title: Where will the stimulus jobs be?(Economic Stimulus Update)
Author: Bill Ryan
Publication: New Hampshire Business Review (Magazine/Journal)
Date: July 3, 2009
Publisher: Business Publications, Inc.
Volume: 31 Issue: 14 Page: 18(1)
Distributed by Gale, a part of Cengage Learning
The Politics of Pork: A Study of Congressional Appropriations Earmarks (Financial Sector of the American Economy)This study develops a new way of studying pork barrel politics based on congressional behaviour in the 1980s and 1990s.
Citation Details
Title: Don't read that bill.($787 billion economic stimulus bill )(Column)
Author: Joe Feuerherd
Publication: National Catholic Reporter (Magazine/Journal)
Date: March 6, 2009
Publisher: National Catholic Reporter
Volume: 45 Issue: 10 Page: 28(1)
Article Type: Column
Distributed by Gale, a part of Cengage Learning
