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Updated October 09, 2009

New Stimulus Package?

By You Decide

 - FOXNews.com

Confronted with big job losses and no sign the U.S. economy is ready to stand on its own, Democrats are considering another a package of tax credits, tax cuts and one-time payments to Social Security recipients that amounts to a second stimulus package. Congress passed a $787 billion economic stimulus package in February, providing tax cuts for individuals and businesses, relief for the unemployed, spending on infrastructure and aid to the states. Nevertheless, the unemployment rate rose to 9.8 percent in September (its highest rate since 1983), 15.1 million people are unemployed and 7.2 million jobs have been eliminated since the recession began in December 2007 – and the federal deficit stands at a record $1.4 trillion. Would another stimulus package stop the rising unemployment rate and create new jobs?

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