Is $300 Billion Enough?

CNN is reporting that President Obama, in an effort to shore up the economy and stimulate some type of job growth, is preparing to unveil a new $300 billion dollar job plan. He is planning to do this during his speech to congress that is scheduled for Thursday. The $300 Billion is mainly in tax cuts and infrastructure spending as well as some state government support.

In order to offset some of the $300 Billion, President Obama would want Congress to raise short term tax revenues for this year in hopes of cutting some of the deficit before his job plan takes affect next year. That is if it passes through Congress and does not get stalled by the opposition.

Of course there a large number of Republican opponents to this proposed program such as Rep. Paul Broun from Georgia. He feels that "it doesn't even sound good". Instead of $300 billion in infrastructure spending and some tax cuts he would rather see $640 billion go towards a 12 month tax holiday (break) for employers.



I feel like any steps taken towards creating new jobs are steps in the right direction. With the national average unemployment rate around 9% and as high as 12.9%, Blacks and Hispanics make up the highest percentage at 16.7% and 11.3% respectively, anything that can stimulate the economy and get people back to work should be welcomed.

We spend a large amount of money on unnecessary things but when it comes to jobs and education then we want to have a tight fist? C'mon! Those are the two most important aspects of this country. Educating our children and people should always be a top priority. When we stop worrying about and putting as much effort into education, then everything else begins to fall apart. Education is the foundation for everything, without a solid foundation then we are bound to crumble under our own weight.

Just my thoughts
Sincere