Boyd voted no for Stimulus
According to a press release on Boyd’s official website, he questioned whether the package would create jobs or strengthen the economy in the short or long term. Boyd also questioned the actual price tag of the stimulus, citing that to fund the plan the government would have to borrow the money, which would add an estimated $347 billion in interest payments to service the debt, which could end up costing taxpayers $1.2 trillion.
In President Barack Obama weekly address, the President urged prompt passage of the stimulus package, citing recent statistics showing continuing deterioration in the national economy. He stated that the economy has shrunk by nearly 4 percent from October through December, the largest decline in over a quarter century, which has brought on a loss of tens of thousands of jobs in the month of January alone.
The President further stated that the measure the House passed will save or create more than 3 million jobs, put a tax cut into the pockets of working families, and place a down payment on America's future by investing in energy independence, education, affordable health care, and infrastructure.
Labels: Allen_Boyd, Obama, Stimulus






