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Steny Hoyer posts

All the American people want for Christmas is 15 million new jobs

Posted Nov 18th 2009 4:20PM by Joseph Lazzaro (RSS feed)
Filed under: Employees, Politics, Recession

U.S. House Majority Leader Steny Hoyer, D-Maryland, says he expects the House to vote on legislation that would create more jobs by the year-end holiday recess.

"Clearly 10.2% unemployment is unacceptable and is causing great pain to literally millions of people around the country," U.S. Rep. Hoyer said, CNN.com reported Tuesday.

Continue reading All the American people want for Christmas is 15 million new jobs

Bush announces new $3.1 trillion budget plan

Posted Feb 4th 2008 4:01PM by Michael Fowlkes (RSS feed)
Filed under: Economic Data, Politics, Headline News, Recession

American President George Bush announced his new budget spending plan today, and the package came out to a total of $3.1 trillion.

Today's federal budget proposal marks the first time in America's history that a budget plan has been in excess of $3 trillion. Bush claims that his budget is "good" and "solid" and that the passing of this budget will help keep the troubled American economy growing.

All in all, this budget looks to lift government spending by 6% during the fiscal year 2009, and it will probably come to no one's surprise that defense gets a nice little boost from today's budget. Bush is looking to allocate 8.2% of his spending on security, and the budget is looking to stake a $70 billion "placeholder" for war costs during 2009. The Pentagon should be pleased with its figures, as Bush is looking to allocate $515.4 billion its way... the highest allocation since WWII (and represents a 7.5% jump).

Continue reading Bush announces new $3.1 trillion budget plan