Thursday
Jan222009
Speaker Pelosi focuses on the economic stimulus package.
"The President asks for action swift and bold. That is what we are doing," said Speaker of the House Nancy Pelosi (D-Calif.) during her weekly news conference.
The Speaker drew special attention to the economic stimulus package, indicating that the first crucial step is to create jobs immediately which will ultimately promote economic stability. Pelosi did not address any specific or special concerns regarding what President Obama will or will not do regarding tax cuts.
"The American people are in a desperate situation, they expect and demand action to relieve the economic crisis that they're experiencing in their own families," Pelosi noted.
Speaker announced that there will be a meeting tomorrow led by President Obama. The meeting will take place at the White House with Congressional leaders to discuss the recovery package in greater detail.
During a pen and pad session, House Majority Leader Steny Hoyer (D-Md.) stated that the meeting will also be attended by House Minority Leader John Boehner (R-Ohio), Senate Minority Leader Mitch McConnel (R-Ky.), and Senate Minority Whip John Kyl (R-Ariz).
Pelosi says budget upholds American principles
In the midst of Congressional infighting over the $3.5 trillion budget proposed by Democrats, House Speaker Nancy Pelosi is calling it responsible.
Republicans say the budget proposed by Democrats will put the U.S. in ruinous debt with unnecessary spending, and will create no assurance of a return for such a substantial investment.
“The difference of opinion on these budgets is indeed a difference of principle,” said Pelosi this morning at a press conference.
Pelosi said the proposal provide a tax cut for 95% of Americans, which, she said, will bring more fairness to the tax code.
“It’s about the principle of opportunity,” said Pelosi. When asked what investments for education the budget will bring, Pelosi answered: “It’s about opportunity in education, about fairness in our healthcare, about fairness in the tax code, it’s about security.”
Pelosi said that under her watch, Congress has done more for education than any in one time in U.S. history.
Pelosi called the Republican budget proposal a “hollow shell of a budget” and that the increase in tax cuts to the wealthy makes an assault on social security benefits, medicare, and medicaid.
When asked about the how the legislative agenda will continue after the break, Pelosi said Congress have to first “reconcile” the budget.