drz-400
DP Veteran
- Joined
- Oct 12, 2009
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Finally some good news:
Obama proposes stimulus extensions in fiscal 2011 budget - Feb. 1, 2010
Now this is more like what I am talking about. However I would like to see much more in the form of aid for states and local governments. Now lets just see if this part of the budget gets through congress.
Obama proposes stimulus extensions in fiscal 2011 budget - Feb. 1, 2010
--Medicaid assistance for the states: The budget calls for giving states $25.5 billion to help states maintain their Medicaid programs, adding to the $87 billion allocated in the Recovery Act.
Medicaid has been a source of major concern for state officials. The national economic downturn has swollen the pricey health program's rolls, forcing states to contemplate scaling it back or slashing spending elsewhere.
--Infrastructure: The administration wants to build on the stimulus-fueled spending for infrastructure, which it believes is a great way to create jobs.
Among the measures the budget calls for is making permanent the Build America Bonds initiative, which subsidizes state and municipal bond issuances for capital construction projects such as schools and roads. The subsidy on the taxable bonds would be reduced to 28% from 35%.
Also, the budget would add $418 million to the $7.2 billion in the Recovery Act to expand broadband services to rural communities. And it would add $1 billion to the $8 billion being spent on high-speed rail.
Now this is more like what I am talking about. However I would like to see much more in the form of aid for states and local governments. Now lets just see if this part of the budget gets through congress.