George Wenschhof
President Obama to announce more Stimulus proposals today - at an AFL-CIO event in Milwaukee, Wisconsin. While it won't be called a stimulus the plan calls for 50 billion to be spent on rebuilding infrastructure across the country. The rebuilding of roads, railways and runways would put many back to work in a modern day WPA. Expect criticism to follow with questions as to why this wasn't done sooner with already approved money from the 800 billion Stimulus bill. MSNBC political commentator Chris Matthews has been calling for this action for quite some time.
In addition, the president is expected to call for more tax cuts for businesses when he travels to Cleveland, Ohio on Wednesday. An extension of the waiver of payment of social security payments for companies who hire the unemployed is also part of the new proposals coming from Obama in his effort to jump start the struggling economy. AP has more here.
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State Employee Pension Programs in Big Trouble - will government step in and bail out the estimated 3 Trillion shortfall? That is the big question as Union Leaders and Chamber of Commerce Leaders begin talks on the issue that is sure to add a burden to the already weak economy.
The Kellogg Graduate School of Management at Northwestern University estimates that as many as 31 states are headed for disaster by 2030 if nothing is done. TheHill.com has more here.
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Israel-Palestine Peace Talks to take place in Jerusalem - U.S. Secretary of State Hillary Clinton has been invited to join Israel prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas for the meeting to be held on September 15. The status of Jerusalem is one of the many critical issues to be resolved.
The day before talks will take place between Netanyahu and Abbas at the Egyptian Red Sea resort of Sharm el-Sheik . You can read more here.
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Monday, September 6, 2010
Daily Political Wire 9-6-2010
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