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Texan Politicians Fight Over Economic Stimulus Money

Posted By admin || 29-Jan-2009

After meeting with Texas lawmakers regarding the national debt and spending, President Obama was criticized for not allocating enough of the $825 billion economic stimulus package for Texas, according to an article in the Dallas Morning News. Texas, which represents 8 percent of the nation's population according to the latest census bureau figures, will only receive as little as 7 percent of the economic stimulus package.

The article said:

"Fair is fair, and we haven't been treated fairly," said Rep. Louie Gohmert, R-Tyler. Like other Republicans, he said he views the stimulus plan as wasteful and much too costly, but also wants Texas to get its rightful share. Texas would get more than $5 billion for Medicaid and $1.8 billion for food stamps, for instance. School districts would receive hundreds of millions to build classrooms or fix up crumbling schools."

I find it fascinating that as Americans face foreclosure, job losses and bankruptcy, our government officials are allocating $1.8 billion to food stamps and "hundreds of millions" to build schools. Why more money for food stamps than for schools? Maybe our government knows something about the current state of the economy that we don't know.

It's going to get a lot worse with a lot more people depending on public assistance just to make ends meet and avoid financial Armageddon. So many people in Dallas-Fort Worth are not prepared to face the many job losses that are coming in the next few months.

Many ordinary, hard-working Texans experience job losses and succumb to dire circumstance such as foreclosure. The time is now to prepare for what may be inevitably more job losses and even more foreclosures and bankruptcies of once stable corporations.

Even for those who are "top dogs" in their fields of work, job losses are a huge risk and it's often just a matter of time before they occur. If you suspect that your company will implement massive job losses do not delay, speak with a Dallas- Fort Worth bankruptcy attorney today to find out how you can protect your assets.

Categories: Economy
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