Feb 062009
 

Senators have reached a tentative deal on a version of President Obama’s economic stimulus plan, including about $805 billion in spending and tax cuts, that will win enough Republican votes to move forward. source.

Sen. Tom Coburn, R-Okla., has highlighted many provisions he considers to be earmarks, including a $246 million tax break for Hollywood movie producers. It would allow large Hollywood studios the opportunity to choose between an existing tax break or write off 50 percent of the entire production cost for movies and TV shows made in 2009. It was in the bill when Gibbs made his statement but was removed Feb. 3 when Coburn passed an amendment 52-45 to remove it. source.

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To give the proposed economic stimulus plan some perspective, “if you started the day Jesus Christ was born and spent $1 million every day since then, you still wouldn’t have spent $1 trillion.” Mitch McConnell, Sunday, February 1st, 2009. source.

see more wasteful spending Stimulus.

Related Reading:

Growing Out of the Plan: Chinese Economic Reform, 1978-1993Growing Out of the Plan: Chinese Economic Reform, 1978-1993Growing Out of the Plan is a comprehensive study of China's economic reforms, from their beginnings at the end of 1978 through the completion of many of the initial reform measures during 1993. The book focuses on industry and macroeconomic policy, using these to describe reform strategy in its entirety. In addition to being a thorough and reliable guide to the specifics of Chinese economic reform, the book highlights the distinctive features of Chinese reforms that differentiate them from those in Eastern Europe and the former Soviet Union. The author argues that the success of the reforms is not the result of carefully plotted strategy, although in hindsight the reforms seem to have added up to a coherent package. Perhaps most important in its connotations for other changing economies, the Chinese experience shows that gradual change of a command economy is feasible.
Where will the stimulus jobs be?(Economic Stimulus Update): An article from: New Hampshire Business ReviewThis digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on July 3, 2009. The length of the article is 699 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

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 Debt Bomb: A Bold Plan to Stop Washington from Bankrupting AmericaThe Debt Bomb: A Bold Plan to Stop Washington from Bankrupting America

In a nation whose debt has outgrown the size of its entire economy, the greatest threat comes not from any foreign force but from Washington politicians who refuse to relinquish the intoxicating power to borrow and spend. Senator Tom Coburn reveals the fascinating, maddening story of how we got to this point of fiscal crisis-and how we can escape.

Long before America's recent economic downturn, beltway politicians knew the U.S. was going bankrupt. Yet even after several so-called "change" elections, the government has continued its wasteful ways in the face of imminent danger. With passion and clarity, Coburn explains why Washington resists change so fiercely and offers controversial yet commonsense solutions to secure the nation's future.

At a time when millions of Americans are speculating about what is broken in Washington, The Debt Bomb is a candid, thoughtful, non-partisan expose of the real problems inside our government. Coburn challenges the conventional wisdom that blames lobbyists, gridlock, and obstructionism, and places the responsibility squarely where it belongs: on members of Congress in both parties who won't let go of the perks of power to serve the true interests of the nation-unless enough citizens take bold steps to demand action.

"Democracy never lasts long. It soon wastes, exhausts, and murders itself. There was never a democracy yet that did not commit suicide." -John Adams

Throughout a distinguished career as a business owner, physician, and U.S. senator, Tom Coburn has watched his beloved republic careen down a suicidal path. Today, the nation stands on the precipice of financial ruin, a disaster far more dangerous to our safety than any terrorist threats we face. Yet Coburn believes there is still hope-if enough Americans are willing to shake the corridors of Washington and demand action.

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What people are saying about The Debt Bomb:

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"Dr. Tom Coburn is the real deal. He's not a politician; he's a citizen in office. Day in and day out, he's been fighting to shrink the federal government, and has been attacked by his own party and the political opposition for doing so. Now he's written a book outlining in stark terms the problems the nation is facing. Dr. Coburn is a real American hero, and he's standing against the tide in the United States Senate. If you want the truth, from the inside, you need to read this book."

- Mark Meckler, cofounder and National Chairman of the Tea Party Patriots


"

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