If changes to the economic stimulus package go through, more people might end up needing instant payday loans because they need cash in a hurry.

Yesterday the U.S. Senate passed an $838 billion version of the economic stimulus package, and today Congress is working to lower the cost of the bill. They have pared it down to $789 billion.

Previously in the stimulus package

Previously, the bill contained tax cuts for workers that would add up to $1,000 for couples or $500 for individuals over a year. The cut would work by taking fewer taxes out of each paycheck, usually adding up to about $20 per check.

Tax cuts trimmed

The new, cheaper version of the plan would trim those cuts to $800 for couples and $400 for individuals. As anyone who has ever needed instant payday loans can attest, $100 can make a lot of difference. People who were expecting bigger numbers in their paychecks might end up needing payday loans after all if the tax cuts are lowered to the point of making no difference.

Senators who attended the cost-trimming negotiations have talked about some of the larger items that will still appear in the scaled-down version of the bill.

What will survive

State aid previously was rumored to have been cut from the bill. However, it appears Congress still plans to include a provision that would spend $44 billion on aid to states.

The goal to invest in infrastructure still stands. The bill dedicates $6 billion to $9 billion to modernizing and repairing schools. This is a disappointment for supporters of an item the bill’s earlier version that would have spent $20 billion on school construction.

Preparing for payday loans

Don't expect another stimulus check this year.

Though Republicans fought tooth and nail for more tax cuts, it looks like very little relief will directly reach taxpayers. There are still credits that would help out with buying a car, college tuition and health insurance.

However, taxpayers who just need extra spending money will probably have to rely in instant payday loans if they need extra cash between paychecks.

Has Rod Blagojevich seen his last paycheck in office? That’s the question being asked after Rod Blagojevich, the governor of Illinois was found facing criminal charges today for allegedly trying to sell the US Senate position that will be vacated by Barack Obama, the new Democratic President elect. He as well as his chief of staff, John Harris were arrested and taken into custody at their residence in.  He may not be able to get payday loans before long.

For the great city of Chicago Illinois, home to many prominent celebrities such as John Malkovich, Daryl Hannah, John Cusack, and Patricia Arquette, it has also become known for its political corruption.

Blogojevich Indictment

Might be out of a job

Gov. Blagojevich Asked For T0o Much This Time

Because Obama resigned from his seat after the Nov 4 election, Gov. Blagojevich had the duty according to Illinois state law to assign someone to the vacated seat. His choice to use this as a point of leverage for political favor and power is what may bring him down.

Apparently Blogojevich was seeking a much larger salary for himself, as well as a spot for his wife on the corporate board, campaign cash and a cabinet post. All this and perhaps more that is unknown at this time was being asked by Gov. Blagojevich in exchange for his choice of senate.  He may not be able to get payday loans for his choice of lawyers.

Blagojevich Arrested After Being Caught On Tape

Blagojevich was Arrested by the FBI, after building the case against him from court authorized wiretaps that were performed last month. This comes as shocking news to the people of Illinois as there last governor George Ryan was also indicted on federal conviction charges. Special Agent-in-Charge, Robert D. Grant of the Federal Bureau of Investigation in Chicago, said in a statement.

“”Many, including myself, thought that the recent conviction of a former governor would usher in a new era of honesty and reform in Illinois politics, clearly, the charges announced today reveal that the office of the Governor has become nothing more than a vehicle for self-enrichment, unrestricted by party affiliation and taking Illinois politics to a new low.”

Rod Blagojevich’s Echoes Nixon and Watergate Amidst His Situation

Blagojevich seemed a little more optimistic with the charges as he was reported to have said the following,

“It kind of smells like Nixon and Watergate,” the governor told reporters. “But I don’t care whether you tape me privately or publicly, I can tell you that whatever I say is always lawful.”

What are Illinois Feelings of Governor Rod Blagojevich plight?

Some are elated and others who are fond of the governor are saddened. Mayor Scott McCoy of Pontiac said it felt like Christmas came early after hearing the news of Blagojevich. The mayor has been fighting the governor over his plans to close down a local prison.

Illinois and all of America will just have to watch and see how things play out for the governor and the state of Illinois. Maybe Blagojevich will still be able to get payday loans after all!