Monday, March 9, 2009

Stimulus not for everyone

















For a retired war veteran, the multi-billion dollar economy package will have little impact.

"I've been retired for almost six years now," said Arthur E. Shipkey, 65, a Vietnam veteran from Buffalo, New York. " My family and I are blessed that we are in no need of assistance from the package."

President Obama's $787 billion package went into law Tuesday along with a $50 billion foreclosure rescue for Americans who are in danger of loosing their homes. The bill is geared towards the younger generation, Shipkey says, but will help millions of people overall.

"It's great that the bill will help save many people from loosing their homes and luckily, mt family is not one of them. It's unfortunet though to see what my son will have to endure," Shipkey said.

The foreclosure effort is only one small part in the big plans to help boost the economy.

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