San Antonio seeks $1 Billion in Federal Stimulus Money: What's on the list?

[Spock's Beard]

Originally Posted by TexHwyMan

That is inherently unfair to people like myself who have planned, sacrificed, and been responsible with our money and have not gotten into out-of-control debt. All bailing anyone out (corporations or individuals) does is teach them that there is no reprocussions for irresponsiblity.

I understand that, but the public needs to be made solvent in order to fix the economy. You're not gonna get it through government nor corporate spending, and only through spending by the public. We can't do that if everyone's credit lies in ruins and people are losing their homes everywhere.

[wCat]

Originally Posted by TexHwyMan

That is inherently unfair to people like myself who have planned, sacrificed, and been responsible with our money and have not gotten into out-of-control debt. All bailing anyone out (corporations or individuals) does is teach them that there is no reprocussions for irresponsiblity.

THM....I understand your point completely....but in the big picture your impeccable credit may not be worth as much as it was even a year ago. There are a lot of young adults finishing college....starting new jobs and new families that haven't had a chance to even start a credit history. Now it's much harder for them to get the start that you and I may have had.

The whole "credit scoring" process really doesn't give an accurate picture of the health of our spending. There are more and more people out there that have lost jobs or taken pay cuts or reduced hours/salaries....by no fault of their own. They are scrambling to keep their impeccable credit, their homes and cars...and to just break even. They may have planned, sacrificed and been responsible with their debt.....but may not be as fortunate as you to still have their job. How should they be helped? Or should it just be tough luck for them? A one-size-fits-all bailout is not the answer......but some leniency for those with "recession" related problems and excellent pre-recession credit history should be considered by creditors and the major credit bureaus. That whole system has basically becoming worthless. I haven't heard one legislator express concern with that.....and it IS directly effected and in a HUGE way by all the financial woes we are seeing and reading about.

[TexHwyMan]

SB and wCat, I see what both of you are saying, and I'm certainly all for giving a helping hand to those who have been harmed through no fault of their own (e.g. have lost their job) and who are willing to do their part. But I'm staunchly opposed to flagrant handouts (aka "bailouts") to people who dug their own holes, regardless of its impact on the "greater good" because I don't believe that the insolvency of those folks is great enough to be insurmountable given enough time for the cycle to turn back around on its own. Time-and-time again it has been proven that just throwing money at a problem doesn't solve it.

[voyager674]

san antonio texas recent headlines , " one of the brightest economies in america , best places to retire list, best housing appreciation , best for jobs and now also on the list for a $1 bil. handout mmm, how are less fortunate cities fairing?

[D-Towner]

Originally Posted by voyager674

san antonio texas recent headlines , " one of the brightest economies in america , best places to retire list, best housing appreciation , best for jobs and now also on the list for a $1 bil. handout mmm, how are less fortunate cities fairing?

That's a good question...does the City have a lot of debt? I mean, if there are some foreclosures going on, that could hurt government monetary intake because they aren't getting property taxes.

[Hoot Owl]

The "shovel ready" wish list.

[satbah7]

I hope our city leaders are on this. That's why we elect them and are paid to do.

[Steel Man]

Lot of good projects, but not many new jobs created.

[Hoot Owl]

Originally Posted by Steel Man

Lot of good projects, but not many new jobs created.

Unless you literally carry a shovel.....

[tgannaway89]

I doubt the $125 million for a new airport terminal and $200 million for convention center expansion is funded. Can you say pork spending?