Democrats Planning Another $300 Billion In “Stimulus” Spending

Only they’re not calling it “stimulus” spending. Now the buzz word is “jobs bill.” Because the “stimulus” worked out so awfully they want to distance themselves from it.

The cost of a new jobs bill Democrats hope to move early next year runs to nearly $300 billion when major proposals under serious consideration are added up.
Lawmakers are calling for extending aid to the unemployed, infrastructure spending, a hiring tax credit and increased small business loans.
A number of the jobs proposals backed by Democrats make up a $230 billion package proposed by Mark Zandi of Moody’s Economy.com, who made a presentation to Senate Democrats Wednesday. The provisions supported by Zandi along with new spending on infrastructure, a favored approach of top House Democrats, would cost between $291 billion and $299 billion, according to estimates by lawmakers and economists.
Aides cautioned that Democratic leaders in both chambers are just beginning to consider what will go into the bill, and that estimates based on standalone bills may not mesh with the final jobs legislation.

The original “stimulus” has been an utter failure, mostly because you cannot stimulate the economy with government spending. Especially now when that spending is fueling crippling national deficits and debt.
But Democrats seem to think that “more of the same” is what we need.
Frankly, given our budget picture, the only debate whey should be having in Washington DC is what spending to cut.