Republicans Offer Stimulus Plan of Their Own

Alas, the Republicans are finally starting to offer stimulus ideas of their own. Its about time that the party in opposition takes a stand and do what their jobs are and that is not to just vote no. The Republican plan calls for cuts in payroll taxes in half and cutting the corporate rate from 35% to 25%. The $445 billion plan also includes $65 billion for repairing roads and bridges and $11 billion to stabilize the housing industry. -Reuters The main theme of this plan is the tax cuts. The democrats plan is a bit more ambitious costing almost $900 billion mostly being spent on infrastructural projects, focusing on green technology and tax cuts. The problem with both plans is the reliance on tax cuts. The last tax cuts that were sent out as rebate check last spring failed. Americans have become more frugal and consumer confidence has been sagging for the past sixt months and will most likely continue. People are saving their money. Prior to this recession, Americans have been spending more than they earn, and are in massive debt. Taking on more debt would be unsustainable and not contribute to real economic growth. People are realizing that they need to pay down their debt and that they can't spend every dollar if they think they may lose their jobs. You can bet my tax refund will be put in savings. I can't live in the parents basement forever. More talk on both packages later.