Friday
Jul242009
Stimulus Package Wasn't Meant To Act As Magic Wand Says Sec. Salazar
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.
Interior Department Budget Slightly Down From Last Year
Interior Secretary Ken Salazar outined his department's 2011 budget on Monday.
"Our mission is as simple as it is profound: we protect America's natural resources and cultural heritage. The 2011 budget will allow us to carry out our stewardship responsibilities in a way that provides the American people the maximum value for their tax dollars and a fair return for the resources we mange in their name," said Salazar.
President Barack Obama proposed a $12.2 billion budget for the department for fiscal year 2011.
According to a statement released by the DOI, the administration's request for the DOI contains $750 million in reductions and terminations of lower priority programs and elimination of the one-time funding. The 2011 budget is $38.7 million or 0.3% below the level enacted by Congress for 2010.
Salazar said that his department's budget would include funds for protecting treasured landscapes and a new WaterSMART program that will sustain and manage America's resources for tomorrow.
Salazar also highlighted "the importance of honoring trust responsibilities and empowering tribal nations." His budget calls for a total of $2.6 billion to honor the nation's commitments to the American Indian and Alaska Native communities.