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Obey says $825 billion isn't enough

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Obey says $825 billion isn't enough
New Richmond Wisconsin 127 South Knowles Avenue 54017

U.S. Rep. David Obey, D-Wis., of Wausau says the proposed $825 billion economic stimulus package may not be enough to keep the recession from getting worse.

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Obey, who chairs the House Appropriations Committee, held a hearing on the package Wednesday.

He said the plan was "no silver bullet," but he urged Congress to approve it as quickly as possible.

Obey says "Every day we delay, 10,000 or more people lose their jobs."

But minority House Republicans continue to warn that the package is too expensive and it won't do what it's meant to do.

U.S. Rep. Paul Ryan, R-Wis., of Janesville cites a Congressional Budget Office report that only a small fraction of the stimulus money will be spent in the next nine months.

Ryan says the rest are pork-barrel projects that take years to complete and they won't create the new jobs that President Obama keeps demanding.

Ryan says Washington should focus instead on cutting taxes and giving businesses more incentives to hire employees.

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