Temporary increase in the debt ceiling.
We've done that, about a hundred times.
It hasn't cured the problem, or even helped it a little bit - the problem has only gotten worse.
Time to try something else.
Hold firm, Republicans.
Um, President Clinton reduced deficit spending, George W. Bush increased it by cutting taxes and invading Iraq.
It really is that simple.
Obama's spending has been productive and will pay dividends into the future, much as IKE's highway project continues to do.
We are looking into the abyss nowB], if the Republicans hold firm nothing good can happen.
Here is the abyss you refer too and the Republicans had nothing to do with it. And only companies still in business pay dividends.
So far, 36 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)
On edit: Ike paid for the Interstate Hwy System. Congress provided revenues from the federal gasoline tax to provide 90 percent of the cost of the construction of the interstates with the states picking up the remaining 10 percent.
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