America, You Asked For It!

Political News and Commentary from the Right

McConnell: Scrutiny required on ‘stimulus’

By on Politico

HONOLULU — President-elect Barack Obama will meet with congressional leaders on Monday during his first full day back in Washington in an attempt to assuage rising concerns among Republicans and some Democrats that his economic stimulus plan is too costly and too rushed.

Obama will first sit down with House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) to discuss the scope and timing of a plan that could cost up to $775 billion, a Democratic source said Thursday.

Obama, Pelosi and Reid are then expected to meet with Senate Minority Leader Mitch McConnell (R-Ky.) and House Minority Leader John A. Boehner (R-Ohio), the source said.

McConnell has been an increasingly vocal critic of Obama’s plans for an economic stimulus package. This week he and Boehner called for giving lawmakers at least a week to review the legislation when it is completed and for holding committee hearings on the proposal before it goes to the floor for a vote. 

“A trillion-dollar spending bill would be the largest spending bill in the history of our country at a time when our national debt is already the largest in history,” McConnell said in a statement this week. “As a result, it will require tough scrutiny and oversight.”

…(Read full article)

Advertisements

January 2, 2009 - Posted by | Economy | , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: