Obama plan has $200 billion in economic boosters
Treasury Secretary Tim Geithner is point person for the White House in talks with Congress over how to avoid the fiscal cliff. Over the weekend, he made the case for stimulus. WASHINGTON (CNNMoney) -- The White House initial proposal to avert the fiscal cliff includes $200 billion in economic boosters -- a stimulus plan Republican critics are railing against when they say the country needs to start reducing debt. But even deficit hawks say spending more now is fine and even warranted to support a fledgling economic recovery. The key is long-term cuts that take effect down the road. "What the president has pitched is pretty small," said William Gale, who co-directs the Brookings Institution's Tax Policy Center. "There's a lot more that could be done, and it wouldn't have that much of a negative long-term impact." What's in President Obama's $200 billion plan for economic growth?
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Obama
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John Boehner
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Tim Geithner
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Jessica Yellin
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Rep. Peter Roskam
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| -0.127502 | "At a time when the entire nation recognizes there's a spending problem, (stimulus) is not serious, it's absurd," said Rep. Peter Roskam ... |
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William Gale
Overall Sentiment: 0.408535
Relevance: 0.39804
| Sentiment | Quote |
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| 0.191262 | "What the president has pitched is pretty small," said William Gale, ... |
| -0.360861 | "What the president has pitched is pretty small," said William Gale, who co-directs the Brookings Institution's Tax Policy Center. "There's a lot more that could be done, and it wouldn't have that much of a negative long-term impact." |
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- averting fiscal cliff
- CNNMoney
- fiscal cliff
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- obamas plan
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- republicans
- stimulus
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