Adding to the Stimulus

Obama signs bill assisting homebuyers, jobless

President Obama is adding programs to the stimulus package giving tax incentives to possible homebuyers and adding additional jobless benefits. The bill signed friday added another $24 billion to the already $787 billion stimulus. Obama stated that he made his decision after it passed through both houses and the jobless rate hit 10.2% last month. The law added an additional 14 weeks to unemployed people to receive compensation. This gives some states 99 weeks of unemployment the most in U.S. history. The unemployment benefits are said to be paid back by employers adding a federal unemployment tax to businesses. People trying to purchase a home will be given an $8,000 tax credit and the plan has been extended to next June.

The main ethical issue in the article is how much spending is needed to correct our countries financial crisis. It seems to me that the more we spend the only people that are going to pick up the bill is us. I understand we do need welfare programs for the unfourtunate but to what extent? I know that Democrats are about implementing programs but it seems to me they are giving people no motivation to work. Any ideas?