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Old 03-06-2009, 02:18 PM
 
16,082 posts, read 30,684,177 times
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After much thought, Gov. Bredesen says that TN will take 100% of the Stimulus Package allotted to the state. Bredesen: TN will accept 100% of stimulus : State and Regional News : Knoxville News Sentinel
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Old 03-07-2009, 06:45 AM
 
Location: Tennessee
36,909 posts, read 38,350,769 times
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Quote:
Originally Posted by SmokyMtnGal View Post
After much thought, Gov. Bredesen says that TN will take 100% of the Stimulus Package allotted to the state. Bredesen: TN will accept 100% of stimulus : State and Regional News : Knoxville News Sentinel

"We have determined that we could comfortably use that money to pay out additional benefits over the course of at least the next five and a half or six years," he said.

I think he's being squeezed. His original assessment about unemployment benefits was correct. He was looking for a job in the Obama administration and they went with someone else. Maybe he got the message. Since term limits will kick in, he'll be looking for a job soon and probably thinks it's not a good idea, for his personal future, to shun the money.
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Old 03-08-2009, 03:45 PM
 
Location: East Brainerd, Chattanooga, Tennessee
137 posts, read 404,940 times
Reputation: 79
Or maybe he figured that the package just might be a good idea...
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Old 03-08-2009, 07:24 PM
 
Location: Steilacoom, WA by way of East Tennessee
1,049 posts, read 3,846,924 times
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too bad he caved under pressure, he's right, taking short term money but being on the hook long term for the new beneficiaries. Oh well, might as well take the money, the economies going to crater anyway and in 2 years it won't matter.
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Old 03-08-2009, 10:00 PM
 
730 posts, read 1,814,898 times
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Originally Posted by Tony1790 View Post
too bad he caved under pressure, he's right, taking short term money but being on the hook long term for the new beneficiaries. Oh well, might as well take the money, the economies going to crater anyway and in 2 years it won't matter.
Can you say "income tax" to pay for the long term "benefits".

Welcome to what may be the European "dole" system.
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Old 03-09-2009, 09:35 AM
 
153 posts, read 499,626 times
Reputation: 76
yeah, Europe, what a horrible place.
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Old 03-09-2009, 01:11 PM
 
730 posts, read 1,814,898 times
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Originally Posted by nbourbaki View Post
yeah, Europe, what a horrible place.
Great place to visit. having done business there for 19 years I can tell you the taxes and the dole make business and living there tough.

In the UK the pound is worth more than the dollar, yet the average pay is the same as ours, thus less to spend on necessities. Several large accounts have closed, the employees are unemployed and no new jobs open. Thus welfare for everyone, with a low standard of living and higher taxes on business and the ones still working. This was during good times, it is much worse now.
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Old 03-09-2009, 06:50 PM
 
16,082 posts, read 30,684,177 times
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I just keep hearing the phrase over and over "but for the sins of our fathers"....... hmm. Time will tell but there's no free lunch with this one I am afraid. I don't have any better ideas though.
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