How to Spend the $800 Billion: Let Us Count the Ways

January 23rd, 2009 § 0

president obamaSpending $800 billion as part of the fund to get the economy going is a daunting task. President-Elect Barack Obama wants to focus on infrastructures, cutting of taxes on the middle class, Medicaid, and invest on the expansion of renewable energy.

A lot are asking why not help those who are about to lose their homes on foreclosures?

The lawmakers are hoping to get the attention of the president-elect to get a big chunk of the rescue package to help people keep their homes.

Some government officials are drafting proposals on how to revamp the TARP and make it friendlier to people who are pushed against the wall with pending foreclosures. Congressed expressed their opinion that they will not be release more funds unless a big chunk of it will be earmarked for helping Americans keep their homes.

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