Friday
Jul242009
Stimulus Package Wasn't Meant To Act As Magic Wand Says Sec. Salazar
Friday, July 24, 2009 at 2:22PM
By Aaron Richardson - Talk Radio News Service
The stimulus package is working but it will take time for America to see positive results, said Secretary of the Interior Ken Salazar during testimony before the House Budget Committee on Friday. Salazar was joined at the hearing by Secretary of Agriculture Thomas Vilsack and Secretary of Transportation Ray Lahood.
“This was a program that was supposed to work over time, it was not supposed to essentially be a magic wand that from one day to another would take the economy out of a deep ditch, which it had gotten into,” said Salazar.
Rep. Paul Ryan (R-Wis.) said he is worried that the stimulus package may not work the way it was designed to.
“Even though the stimulus is possibly, maybe starting to kick in, right around the corner at the end of next year massive tax increases are already coming into law. We think that the fiscal policy coming out of Congress just candidly is the wrong fiscal policy,” said Ryan.
Vilsack argued that the stimulus package will eventually produce positive, tangible results that Americans will notice.
“The recovery act is working. It is transitioning America from bad times to better times and getting the work accomplished around the nation that Americans want done,” he professed.
The stimulus package is working but it will take time for America to see positive results, said Secretary of the Interior Ken Salazar during testimony before the House Budget Committee on Friday. Salazar was joined at the hearing by Secretary of Agriculture Thomas Vilsack and Secretary of Transportation Ray Lahood.
“This was a program that was supposed to work over time, it was not supposed to essentially be a magic wand that from one day to another would take the economy out of a deep ditch, which it had gotten into,” said Salazar.
Rep. Paul Ryan (R-Wis.) said he is worried that the stimulus package may not work the way it was designed to.
“Even though the stimulus is possibly, maybe starting to kick in, right around the corner at the end of next year massive tax increases are already coming into law. We think that the fiscal policy coming out of Congress just candidly is the wrong fiscal policy,” said Ryan.
Vilsack argued that the stimulus package will eventually produce positive, tangible results that Americans will notice.
“The recovery act is working. It is transitioning America from bad times to better times and getting the work accomplished around the nation that Americans want done,” he professed.
Reader Comments