H.R.5297 - State Small Business Credit Initiative Act of 2010
Yes, we are running horrific deficits that will eventually bite us in the ass.
Yes, just throwing money at a problem is not a solution.
Yes, this Initiative does not force banks to lend money, it is simply an incentive for them to do so.
BUT... the cost of this thing ($30 billion dollars) is about what we pay pursuing foreign wars for a two month period.
At least this legislation is attempting to jump start jobs recovery which is the NUMBER ONE thing America needs right now.
Let's put less money into killing and more into "life-ing". This and tax cuts for business is what we need. NOW. We're trying to avoid Depression 3.0 here people.
Tiny Binocles, a New Way of Thinking About Housing
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