Home > Uncategorized > Adding to the Stimulus

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?

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Categories: Uncategorized
  1. tasingle
    November 8, 2009 at 11:44 pm

    The main issue I have with this is the amount of money being handed out. I have many friends that have recently filed for unemployment and receive a weekly check for anywhere between $100 and $500. I know these individuals well enough to know that they are not in need of the money. More than likely it will go to weekends of drugs and alcohol. This is the type of thing that worries me. This is undoubtedly happening everywhere. It seems to me that there should be more going into background checks and interviews. The people I know that receive unemployment went through a simple process that took maybe 30 minutes. There are definetly people out there that need this system, but more must be done to police those getting hand-outs that don’t need them. One thing that can be implemented are drug tests. Why help people out that can’t help themselves.

  2. jsbenjam
    November 10, 2009 at 12:34 am

    I do not have a problem with welfare and other social programs out there but I do think they should have to be drug tested. The same goes for state or federal scholarships, I think they should have to pass a drug test to be eligible for government money.

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