Stim 2: The Stimulus Strikes Back?
Another stimulus package could very possibly be Coming Soon to a Congress Near You, at least if Warren Buffett has his way.
Buffett, the gazillionaire investor who has advised President Barack Obama on economic issues, told Bloomberg television that he thinks the country may need a second jolt of federal funding if the unemployment rate keeps rising. In a news conference earlier this week, Obama said Washington should give the $787 billion package, passed in February, a little longer to work before considering a sequel to the American Recovery and Reinvestment Act.
But back when the legislation was under consideration in the House Appropriations Committee, U.S. Rep. David R. Obey, D-Wis., the panel's chairman, floated the possibility of another stimulus.
And school districts are already looking forward to some lean times after the stimulus money, which covers fiscal years 2009 and 2010, goes away.
"Fiscal year 2011 is looking very precarious," said Anthony Bent, the superintendent of the Shrewsbury, Mass., school district.