Search This Blog

Monday, September 12, 2011

Obama's $85 Billion reinforcement to local and state governments

      President Obama sent a bill to congress Monday to give $447 Billion dollar to help local and state government's workforce and schools funding. Texans are expected to be given $2.6 Billion for transit and $2.3 for schooling. He is also trying to help the people who have been laid off by giving them 6 weeks to keep their benefits.
       To summarize if this funding is handled and taken care of properly, this system should help boost Texas employment and education sufficiently.  By giving money to transit to help fix our roads will pay for more workers who need lunch breaks that will stimulate the food industry that will help produce more jobs and money for them as well. It works like a row of domino's. If the bill passes i am confident that it will help Texas economy and benefit it the way the bill was intended.
to learn more about this article visit this link: http://www.texastribune.org/texas-economy/economy/how-obamas-jobs-bill-affects-texas/

3 comments:

  1. No offence but what you wrote is incorrect... Kantian philosophy is something completely different that the context you used it in. Wikipedia def: “Kantianism is the philosophy of Immanuel Kant, a German philosopher born in Königsberg, Prussia (now Kaliningrad, Russia). The term Kantianism or Kantian is sometimes also used to describe contemporary positions in philosophy of mind, epistemology, and ethics.” In an economic application it deals with how people make decisions in a marketplace not as you said; "His Philosophy is you must get into deeper debt by giving money to the people to help produce and increase economy." I am not sure how you mixed this guy up With: John Maynard Keynes and Keynesian economics, which is the economic proposition that government has a role to play in an economy by spending on things like infrastructure in order to spur economic growth in down times. I think you had the right idea just wrong guy, and concept for the situation. I hope this information helps.

    ReplyDelete
  2. Yes it was very helpful and thank you for pointing it out to me.Yes I was looking for John Maynard Keynes, I did not look too much into the web link I went to because I did not think there would be two K-isims from philosophers. What my point was is on track though right?

    ReplyDelete
  3. Yes indeed, it was although history may still be writing the results of this philosophy... I guess we'll have to wait and see.

    ReplyDelete