President Obama said last week that “America is stronger” because of the February stimulus bill. But it remains a divisive issue and a work in progress, with only 40 percent of its $787 billion spent so far. There seems to be some bipartisan agreement that another stimulus bill would be premature at best. Former Federal Reserve Chairman Alan Greenspan suggested Sunday that the next step should be an extension of unemployment insurance benefits. In light of Friday’s bad unemployment numbers, senators of both parties also stated their support for that approach as well as for extending the first-time homebuyer tax credit and extending benefits to help laid-off workers afford COBRA insurance. If there is debate about a stimulus sequel, expect to hear more along the lines of the call by Sen. John Kyl, R-Ariz., on CNN for targeted tax relief and a lot more talk about the deficits.
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