Higher taxes? Check.
Massive new spending? Check.
Military cuts? Check.
Stimulus czar? Check.
Expanded government role in health care? Checkity-check-check-check.
And just in time for another global stock slide.
Welcome to Barney Frank’s America:
After the November election, Democrats will push for a second economic stimulus package that includes money for the states’ stalled infrastructure projects, along with help paying for healthcare expenses, food stamps and extended unemployment benefits, U.S. Rep. Barney Frank said Thursday.
In a meeting with the editorial board of The Standard-Times, Rep. Frank, D-Mass., also called for a 25 percent cut in military spending, saying the Pentagon has to start choosing from its many weapons programs, and that upper-income taxpayers are going to see an increase in what they are asked to pay.
The military cuts also mean getting out of Iraq sooner, he said.
“The people of Iraq want us out, and we want to stay over their objection,” he said. “It’s extraordinary.” The Maliki government in Iraq “can’t sell (the withdrawal deal with the U.S.) because it sounds like we’re going to stay too long.”
“I was teasing (U.S. Rep.) Jack Murtha (a key supporter of military budgets) and I said to him, ‘For the first time, somebody else has got a bill that’s almost as big as yours.’ We don’t need all these fancy new weapons. I think there needs to be additional review.”
Rep. Frank called on President Bush to appoint a senior official to guide the economic stimulus packages through the transition to the Barack Obama or John McCain administration when it takes office in January…
…Also, he said, “we’ll increase the federal share of medical care so states won’t have to lay off people.” Unemployment insurance benefits won’t increase, he said, but the period of collecting them will, and eligibility requirements might be relaxed.
And, ultimately, there will be tax increases on the upper brackets. “We’ll have to raise taxes ultimately. Not now, but eventually,” he said.
Ready for more hurl-worthy news?
BOSTON, Oct. 23 /PRNewswire-USNewswire/ — Congressman Barney Frank (D-MA), Chairman of the U.S. House of Representatives Financial Services Committee, will receive a national award and deliver an acceptance speech on October 28 during the National Housing & Rehabilitation Association (NH&RA) Fall Developers Forum at the Langham Hotel in Boston.
NH&RA will recognize Congressman Frank by presenting him with the NH&RA 2008 Affordable Housing Vision Award. The award presentation and speech will take place at a 12:30 p.m. luncheon at the hotel. Local real estate developer Larry Curtis, WinnDevelopment, will also be presented with a 2008 NH&RA Vision Award at that time.
National Housing & Rehabilitation Association instituted its Annual Affordable Housing Vision Awards in 2004 to honor affordable housing and community development leaders for their invaluable contributions and years of dedication to providing affordable apartments to American families.
The occasion marks the fifth time the annual NH&RA Vision Award has been presented. “We’re delighted to recognize two outstanding individuals - Barney Frank and Larry Curtis - who have immeasurably improved the lives of countless low-income families,” said Peter H. Bell, Executive Director of NH&RA. “By working tirelessly to ensure the creation and preservation of high-quality, affordable apartments for low- to moderate-income households in Massachusetts and elsewhere, these two leaders have bettered the lives of countless individuals and families, giving them a secure place–a home–where they can prosper, grow and contribute to their community.”
Barney Frank was first elected to Congress in 1981. Throughout his tenure in the U.S. House of Representatives, Rep. Frank has been an outspoken advocate and a leading voice on affordable housing issues. Congressman Frank played a critical role in the creation of the Low-Income Housing Tax Credit in 1986, the country’s most effective tool for the creation of affordable rental housing. More recently, as chairman of the House Financial Services Committee, Congressman Frank was instrumental in the creation and passage of the Housing and Economic Recovery Act of 2008, a measure that provides critical improvements to our nation’s affordable housing delivery system, as well as on passage of the Emergency Economic Stabilization Act of 2008.