Stimulus Debate

By WBNG News

July 22, 2010 Updated Feb 10, 2009 at 12:23 AM EDT

We wanted to know what you think of the President's proposed economic stimulus plan.

Action News Reporter Reed Buterbaugh hit the streets tonight to find out.

Is it money well spent or will it do more harm than good?

"I think it's a tremendous waste of money," said Michael Moore of South New Berlin. "Somebody eventually is going to have to pay it back with interest and I just don't think it's going to do the job."

People I talked to hope President Obama's 800 billion dollar economic stimulus plan can dig our nation our of a recession.

But, most are also skeptical.

"I think it's a large amount," said Bill Evans of Rome. "I really hope that they plan it out well. It seems to me a lot, that I've been seeing is going towards reckless spending rather than actually stimulating the economy so I really hope it goes more towards creating jobs."

The stimulus bill aims at using tax cuts and infrastructure spending to revitalize the economy, but with a soaring national debt some worry this additional spending will only make things worse.

"It's in our hands, taxpayers are the ones that have to cover that. You know if it's a bottomless pit," said Josh Vlajac of Vestal.

The government handed out 700 billion dollars as part of the federal bank bailout.

Critics have said that too much of that money has gone unsupervised and fear that this bill could fall into the same trap.

"I'm concerned that things are not always controlled and that spending is not always monitored that concerns me but I think we have to do something," said Toby Manker of Binghamton.

"You want it monitored and go where it should," said Paul Greenwald of Johnson City. "No graft, no theft. Hopefully it gets us back on our feet."

In his speech to America, President Obama promised that every dime spent in the stimulus package would be viewable online.

The Senate is set for a full vote on the stimulus bill tomorrow.

If it passes, leaders from both houses will meet to create one stimulus bill to be voted on by the House and Senate.

If it passes both bodies it's sent to the President to be signed.

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