Word: provisionals
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The Senate is now trying to work into law a provision that would give people a $15,000 tax credit for buying a new home. This would substantially expand the cost of the bailout, if people are willing to take advantage of it. The average American who still bothers to...
There are three questions the conferees should ask about every provision in the package: Will it stimulate the economy quickly? Will it create long-term fiscal obligations? Also, is it something we ought to do anyway? We need to zap the economy with a big jolt of federal dollars, and...
It's a two-tiered program, with extra restrictions applied to basket cases like AIG, Citigroup and Bank of America, all of which tapped the federal till for hundreds of billions of dollars to recapitalize their broken balance sheets. In addition to the cash limit, the "maximum wage" plan allows...
As I wrote last month, there are three questions we should ask about every provision in the package: Will it stimulate the economy quickly? Will it create long-term fiscal obligations? But also: Is it something we ought to do anyway? We need to zap the economy with a big...
Liberals, meanwhile, are looking to swiftly roll back the policies of what they viewed as an antiwomen Bush Administration. But now they may have to wait a few weeks for that to happen. As one progressive policy analyst noted, inserting the Medicaid provision into the stimulus package "was kind of...