Regional & Local Fiscal Relief Act

[Fritz]

Nay, for reasons I've already stated.

[tmthforu94]

GM Purple State has recommended how much money should be proportioned to each region. I urge my fellow Senators to follow the GM's advice on these numbers.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

[Southern Senator North Carolina Yankee]

GM Purple State has recommended how much money should be proportioned to each region. I urge my fellow Senators to follow the GM's advice on these numbers.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

I accept the numbers but I disagree on some of the recommendations. I think the DS should be allowed to put some of the money in education/Research/Small Business as well as infrastructure. We could create a 470,000 jobs in small business by using just $8 billion of that $24 Billion and giving it out as an  2 $8500 tax credits(One per year) for every job created by a small business.

[Purple State]

GM Purple State has recommended how much money should be proportioned to each region. I urge my fellow Senators to follow the GM's advice on these numbers.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

I accept the numbers but I disagree on some of the recommendations. I think the DS should be allowed to put some of the money in education/Research/Small Business as well as infrastructure. We could create a 470,000 jobs in small business by using just $8 billion of that $24 Billion and giving it out as an  2 $8500 tax credits(One per year) for every job created by a small business.

The jobs created by a small business tax credit would not be immediate and those businesses would more likely save the money in the current economic climate.

Placing some of the money into shovel-ready infrastructure jobs creates immediate jobs, provides income for those most likely to spend it quickly and helps the region in the long run.

[Marokai Backbeat]

I'd like to remind the Senate that there's a vote going on here that's stuck until things change.

The current tally is 5 Ayes and 2 Nays, but we need to finish up this vote, don't forget about it. (It would be appreciated if Jas could show up and vote Aye on his own amendment so we could move on.)

[Southern Senator North Carolina Yankee]

GM Purple State has recommended how much money should be proportioned to each region. I urge my fellow Senators to follow the GM's advice on these numbers.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

I accept the numbers but I disagree on some of the recommendations. I think the DS should be allowed to put some of the money in education/Research/Small Business as well as infrastructure. We could create a 470,000 jobs in small business by using just $8 billion of that $24 Billion and giving it out as an  2 $8500 tax credits(One per year) for every job created by a small business.

The jobs created by a small business tax credit would not be immediate and those businesses would more likely save the money in the current economic climate.

Placing some of the money into shovel-ready infrastructure jobs creates immediate jobs, provides income for those most likely to spend it quickly and helps the region in the long run.

The businesses wouldn't get the money unless they hired someone. I am not dumb enough to just throw money somewhere and pray. I fully intend to place a good 33 to 40% of the money into infrastructure. And whatever is left into Education/Research. A good combination of Small Business, Infrastucture, and Education/Research is a combination for strong economic growth in my book.

[Јas]

Aye

(It would be appreciated if Jas could show up and vote Aye on his own amendment so we could move on.)

As stated elsewhere, work required travel put me beyond regular net access for the past few days.

[Purple State]

GM Purple State has recommended how much money should be proportioned to each region. I urge my fellow Senators to follow the GM's advice on these numbers.

With that, the GM recommends the following apportionment of funds by region in descending order:
Mideast = $32 billion
This should be used to pay back short-term government obligations. The $32 billion will not be entirely sufficient and so there will be no residual funds.

Southeast = $24 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending. Using the money for tax cuts or rebates would be a grave mistake.

Midwest = $22 billion
This should be used to close the budget deficit with all residual funds used to begin shovel-ready construction projects and other stimulative spending.

Pacific = $15 billion
This should be used entirely to fill the current budget deficit.

Northeast = $7 billion
This should be used to restart the financial and credit markets, as well as fund any short-term deficit spending incurred by the region to weather the current recession.

I accept the numbers but I disagree on some of the recommendations. I think the DS should be allowed to put some of the money in education/Research/Small Business as well as infrastructure. We could create a 470,000 jobs in small business by using just $8 billion of that $24 Billion and giving it out as an  2 $8500 tax credits(One per year) for every job created by a small business.

The jobs created by a small business tax credit would not be immediate and those businesses would more likely save the money in the current economic climate.

Placing some of the money into shovel-ready infrastructure jobs creates immediate jobs, provides income for those most likely to spend it quickly and helps the region in the long run.

The businesses wouldn't get the money unless they hired someone. I am not dumb enough to just throw money somewhere and pray. I fully intend to place a good 33 to 40% of the money into infrastructure. And whatever is left into Education/Research. A good combination of Small Business, Infrastucture, and Education/Research is a combination for strong economic growth in my book.

Some should also go to the deficit. The reason the Southeast warrants more than the Midwest is predominantly its higher budget deficit.

And in that case I am in agreement. It seemed you were simply offering tax rebates to small businesses with no strings attached.

[Marokai Backbeat]

Aye

(It would be appreciated if Jas could show up and vote Aye on his own amendment so we could move on.)

As stated elsewhere, work required travel put me beyond regular net access for the past few days.

No problem.

By a vote of 6 Ayes and 2 Nays, the amendment has passed.

[Franzl]

Nay ftr

[Marokai Backbeat]

Anyone want to formally write up the GM's recommendations? I don't particularly agree with them myself, so I'm not sure letting me write it is a good idea.

[Southern Senator North Carolina Yankee]

CAn I see what the current draft looks like with amendments?

[Marokai Backbeat]

Surprisingly unchanged, actually. Aside from Jas' amendment, we've had no change to the original bill after 10 pages of arguing. One amendment was voted down, and another was withdrawn before the vote. Here you are though:

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[Psychic Octopus]

The Mideast deserves the most.

[tmthforu94]

I will, since I pretty much agree with GM Purple State's suggestions...

I'd like to propose the following amendment...

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[Southern Senator North Carolina Yankee]

Damn you Tmth, Always knew teens today were too fast.

[Hash]

For reference, here are the GM's numbers on each region's deficit and unemployment:

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Deficits:
Mideast: $80 billion ($600 billion vs. $680 billion)
Pacific: $50 billion (Revenue: $850 billion vs. Expenses: $900 billion)
Southeast: $20 billion ($480 billion vs. $500 billion)
Midwest: $10 billion ($350 billion vs. $360 billion)
Northeast: $0 ($780 billion vs. $780 billion)

[Southern Senator North Carolina Yankee]

I support this amendment.

[Marokai Backbeat]

Senators have 24 hours to object to the amendment before it is adopted.

[Vepres]

I agree the Midwest needs more money. We are crucial to Atlasian commerce, having Denver located in our region, and our farms provide food for thousands of Atlasians.

[Marokai Backbeat]

I'm beginning to think we need more than 100 billion.

[Vepres]

I agree the Midwest needs more money. We are crucial to Atlasian commerce, having Denver located in our region, and our farms provide food for thousands of Atlasians.

If this was a little vague, I was voicing support for Tmth's amendment.

[Southern Senator North Carolina Yankee]

I'm beginning to think we need more than 100 billion.

Did you see PS's projections, our deficit is now in excess of $2 Trillion dollars. Even I would say at some point you have to have some sanity return. We want a slow descent of the dollar, not a run on the dollar.

[Marokai Backbeat]

I'm beginning to think we need more than 100 billion.

Did you see PS's projections, our deficit is now in excess of $2 Trillion dollars. Even I would say at some point you have to have some sanity return. We want a slow descent of the dollar, not a run on the dollar.

It's not my fault this body has no courage to raise taxes.

[Southern Senator North Carolina Yankee]

I'm beginning to think we need more than 100 billion.

Did you see PS's projections, our deficit is now in excess of $2 Trillion dollars. Even I would say at some point you have to have some sanity return. We want a slow descent of the dollar, not a run on the dollar.

It's not my fault this body has no courage to raise taxes.

Cause we don't need to raise taxes. We need either the economy to recover soon, or basically "Call superman" cause will be screwed.