Obama’s Weekly Address

You can read all of the elements of Obama’s plan for the economy here at change.gov.

I’m happy to see that at least one part of the plan includes:

Provide $25 Billion in state fiscal relief to help avoid painful property tax increases: Budget crunches across the nation are putting our local governments in the untenable position of having to choose between raising property taxes and cutting vital services. Obama has proposed $25 billion in state fiscal relief that, coupled with the new emergency facility to address the state credit crunch, will help states and localities continue to provide essential services like health care, police, fire and education without raising taxes or fees.

But the Governors are saying the amount needs to be $1 trillion over two years.

Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country’s 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession.

The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin — all Democrats — said the initiative for the two-year aid package was backed by other governors and follows a meeting in December where governors called on President-elect Barack Obama to help them maintain services in the face of slumping revenues.

2 comments

    • Viet71 on January 3, 2009 at 7:26 pm

    The economic problems we face can’t laid at the feet of any one party.  Both parties are culpable.

    Obama is WRONG to suggest Americans need not worry how the country got into this mess.  We need to know.

    Obama is proving to be a pol — a superbly intelligent and skilled pol — but a pol first and foremost.

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