Arlen Specter wrote I am supporting the economic stimulus package for one simple reason: The country cannot afford not to take action. The unemployment figures announced Friday, the latest earnings reports and the continuing crisis in banking make it clear that failure to act will leave the United States facing a far deeper crisis in three or six months. By then the cost of action will be much greater -- or it may be too late.
To late to fix it with a solution most people don't think will work, and it will be too late because the CBO thinks that even without a spendulus package, the recession will be over by the end of the year... House Speaker Nancy Pelosi says the proposed cuts "do violence to what we are trying to do for the future," especially on education. Her objections are a warning to conservatives that more cuts would be unlikely to win House approval.
Then by all means let's have more cuts, and Nancy can take the blame for it failing in the HouseThey are also an admission of the high price that moderates have been able to extract for their support of stimulus legislation. If a stimulus bill doesn't pass, there won't be any money for Title I education programs.
Absolutely false. He means there will not be any MORE money for them, and even that is not true, because they will probably ram more through in future appropriation bills. It is just that sneaking increases in in the alleged Stimulus Bill is easier for Nancy.The moderates' bill provides marginally less money for Title I than the House and Senate bills. But while it's less than supporters want, this proverbial half a loaf beats no loaf by a mile.