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“Although Connecticut’s economy continues to perform better than the overall national economy, we can take no chances when it comes to protecting the hard-working taxpayers of our state or keeping and growing successful businesses,” Governor Rell said. “The wild ride on Wall Street of the last few days has many people worried – worried about their retirement funds, worried about the money they are setting aside to pay for college for their children, and worried about their own savings accounts. “I’m concerned, too – not just for the people of Connecticut but for the state’s investments and accounts,” the Governor said. “Keeping our overall economy on an even keel through sensible, targeted stimulus efforts would go a long way toward calming some of these jitters. Congress should invest in job creation, as well, by investing in the nation’s infrastructure, projects that will result in new jobs and new economic activity. “Helping states is one of the best ways Congress can help the economy,” Governor Rell added. “A stimulus package like the one being considered now would be especially helpful to Connecticut. During the last economic downturn, Congress approved $10 billion in aid to the states and $10 billion to temporarily boost the federal contribution to Medicaid. Because the slump on Wall Street could have such a ripple effect by reducing income tax receipts, hurting job growth and reducing consumer spending, this aid could provide real relief to the state budget ‘bottom line.’” The Governor has been urging Congress to consider a second national stimulus package for many months. She called for a second stimulus in a letter to Congressional leaders sent in March. And in May, when Connecticut Senator Joe Lieberman held a committee hearing on the problem of spiraling food prices and the effects of channeling corn production to ethanol manufacturing, she reiterated her support for a second stimulus, saying: “A second stimulus payment would provide families with a glimmer of hope, helping them do more than simply keep their heads above the turbulent economic waters.” © Copyright by StamfordPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of StamfordPlus.com, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. Related Articles: Bill exempting stimulus checks from benefit eligibility calculations signed - May 21, 2008 - 10:12 AM U.S. Senate receives a testimony urging relief on spiraling food and energy prices - May 7, 2008 - 4:13 PM Governor Rell urges President, Congress to tackle twin pressures of energy & food price spikes - May 1, 2008 - 4:51 PM Proposed legislation will prevent low-income residents from losing state benefits - Mar 23, 2008 - 5:57 PM CURRENT HEADLINES: Top of Page
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