The Stimulus Package

[Professor S]

Originally Posted by BreakABone

The Senate has voted for cloture on the Stimulus bill.
Not exactly sure what that means.
But it does get us past the filibuster stage, right?

Anyhow a vote of 61-39.

I believe thats correct. At least the debate was able to pear down the stimulus by $106 billion... not that it matters much when we tax payers are already on the hook for $9.7 trillion.

http://www.bloomberg.com/apps/news?p...d=aNDaPlDwNZak

Thats a number thats just too big to comprehend. We haven't even gotten to the banks or housing plans yet...

I'm no economic expert and I'll be the first to admit I have no clue how national debt affects mainstreet economies, but this kind if daunting debt and IMO recklessness can't be good. But then again we're in new territory here. No one has ever taken the US or another world power this far into the red. Who knows? Maybe we'll spend so much we'll tear a whole through our own reality into a land of gumdrops and money trees.

In the end we'll see how wallstreet reacts tomorrow. That will be a decent indicator of whether or not this now inevitable spending bill will help or delay economic recovery.