Tuesday, February 03, 2009

How not to screw up the stimulus in five easy steps

This week, the Senate will consider a mind-bogglingly large stimulus package - the latest figures put it somewhere in the neighborhood of $900 billion. Here at CREDO, we believe a stimulus package this large is necessary because our economy is in dire straits. But there is a right and a wrong way to stimulate the economy. Join us in asking the Senate not to screw up the stimulus in five easy steps. The Senate needs your help -- so please add your own suggestion when you sign the petition at right.

  1. Get rid of a $2 billion provision for "clean coal" plants. Instead, invest this money in green infrastructure and alternative energy development.
  2. Invest in infrastructure, not tax cuts. Don't reward businesses that got us into this mess with tax cuts that won't create new jobs in the future.
  3. Reinstate the Medicaid Family Planning State Option. Funding state healthcare programs for women will protect jobs of healthcare workers and make sure women living in or on the edge of poverty get the care they need.
  4. Include meaningful bankruptcy reform. Bankruptcy judges should regain the ability to restructure mortgages (that is, lower the amount owed and the interest rate, reflecting the lower value of the house) so that borrowers can stay in their homes.
  5. Don't give Verizon $1.6 billion in tax cuts without generating a single new job. Money originally earmarked to encourage companies to bring high speed internet to underserved low-income and rural communities has turned into a billion dollar giveaway to big telecom.

The stimulus package will never be perfect, nor will it please everyone. However, these five key suggestions can help to make it the kind of package that will truly help our economy and aid those Americans who need it the most.

Source: Credo Action

Sign the Petition: Credo Approved

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