President-Elect Barack Obama is hoping Congress will take quick action on his proposed stimulus plan.

The plan could cost taxpayers upwards of 775 billion dollars.

One former presidential candidate says it's what got Americans into this mess in the first place.

"Well, I think it's just more of the same. It's more spending and more debt. I don't think it will solve the problem. It's turning the spending responsibilities over to government rather than individuals, and that's not the way you make an economy work", said Ron Paul.

On Tuesday, Obama warned of the likelihood of "trillion-dollar deficits for years to come." He's set to give a major speech on the economy Thursday.