News
September 26, 2008
Byrd, Jay champion states in bailout plan

In the week of budgetary chaos that erupted on Capitol Hill after the Bush administration unveiled its massive Wall Street bailout package, both West Virginia senators are playing major roles in an effort to make sure the needs of the 50 states do not get lost in the shuffle.

Thursday, Sen. Robert C. Byrd, D-W.Va., introduced a $56.2 billion economic stimulus package aimed at the states.

"We must not forget Main Street as we work to address the crisis on Wall Street," Byrd said. "There are consequences for failing to invest in America, and the Bush administration has fiddled while Rome has burned."

Also Thursday, Sen. Jay Rockefeller, D-W.Va., issued a letter signed by 33 other senators - a third of the Senate - that says substantial relief for the states must accompany any Wall Street bailout package.

"The reality of the situation here in Washington is that there are so many moving pieces," said Rockefeller's press secretary, Steven Broderick. "Things are literally changing from hour to hour, and the senator felt it is very important to throw the flag down and say that our states are hurting, and state relief must be part of any economic stimulus package that gets passed."

Byrd's bill and Rockefeller's letter are part of a fast-moving, monumental chess game, with huge stakes, being played out on Capitol Hill, said Michael Bird, chief lobbyist for the National Conference of State Legislatures. "There's a lot going on, on many fronts."

Thirty-two Democrats and two Republicans signed Rockefeller's letter. Neither Sen. John McCain nor Sen. Barack Obama signed it.

Thirty-three states are facing deficits or projecting deficits for the coming year, Rockefeller noted in the letter, "and the number of states facing budget problems is expected to climb in the next six months.

"As a result, these deficits are forcing states to raise taxes and/or cut spending in areas such as health care and education, actions that deepen our economic problems."

Wednesday, the House of Representatives passed the Continuing Resolution that extends the existing federal budget. It did not contain the enhanced Medicaid funding the states had been expecting.

Byrd's bill does contain that funding (a 4 percent across-the-board hike worth $19.6 billion) along with funding for unemployment benefits, food stamps, senior meal programs, and other commodity programs, weatherization, energy independence efforts and infrastructure and public transportation projects.

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Posted By: Anonymous (1:32pm 09-28-2008)
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How soon will Mr Byrd be blaming George for the increase in the National Debt? Such hypocrites. Another 60 BILLION dollars of expenditures at the federal level and it is a DEMOCRATIC proposal, but Mr. Byrd will be quick to critize the Republicans for deficit spending. We have absolute NO representation in the Senate, just hogs sucking at the feed trough.

Posted By: Anonymous (6:57am 09-27-2008)
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Our country is facing a major financial crisis and the best Senator Byrd and Rockefeller can do is ask for 19.6 billion dollars for West Virginia. I would think this would be a good opportunity to buckle down the hatches and cut spending. At least, I would think we don’t need an “across the board” increase in spending. It seems our Senators just want their piece of the pie.

I think our Congress is listening to lobbyist, possibly Michael Bird in this case, more than they are their constituents.

Posted By: Anonymous (3:19pm 09-26-2008)
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I have been searching many search engines. Byrd's name is never mentioned in the payouts of Fredie Mack and Fannie Mae, but Rockefellers name is always there. He made millions overseas on this. I guess to him it is ok to go overseas and buy up mortgages, so he don't get caught with dirty hands in America. What a joke the man is. Get rid of him

Posted By: Anonymous (3:06pm 09-26-2008)
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isn't it time these two diinosours go the way of their forfathers and are replaced by someone who was born in the 20th century, anyway. Or at least born in West Virginia. Wouldn't it be nice to have an actual West Virginian represent us rather than an out of stater.

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