As tax rebate checks are slowly (with a huge emphasis on slowly) making their way to taxpayers, Congress is considering a second round of relief. This relief would be targeted to homeowners facing foreclosure as well as increased spending on bridges, roads and transit systems.
There may be renewed interest in foreclosure relief because of recent information that 2 million children will be directly impacted by the current crisis. I have to say, as a mother of three small children, my heart goes out those parents who are facing difficult times as a result of the crisis. As a taxpayer, however, I don’t want my dollars funneled to government “relief efforts” to resolve the problems, much of which is directly the result of poor choices by homeowners and no oversight of greedy, uncontrolled lenders.
As for bridges, roads and transit? Yes, let’s fix our transit systems. Maybe then we won’t be quite so reliant on the need to fix bridges and roads… But now? In a fiscal crisis? Exactly how would that help our economy immediately?
It sounds a little FDR-ish, don’t you think?
President Bush opposes a second plan of any kind, choosing a wait and see approach. However, Democrats note that the Iraq war is adding about $12 billion to $15 billion to the deficit each month, with no end in sight. They argue that more money should be spent here in the US to fix the current problem.
What do you think?
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