“Stimulate” – “to excite or increase activity or heightened growth and action, promote greater activity”
The stimulus bill, passed by the House and now in the Senate, is labeled an “economic stimulus” package. What? “Stimulate the economy?” Let me try to explain…below is a list* of about $236 Billion of the $900 Billion spending proposed by the Senate. The House has already passed an $819 Billion package, with the Senate now considering this “economic stimulus” bill this week. Add the interest, and this bill will cost the taxpayers well over $1 TRILLION. Trillion!!
This bill is being marketed to the American public as “the needed stimulus” to turn the economy around, create jobs, and head us toward prosperity. Would someone please explain to me how these items “stimulate” the economy. Please!
• $50 million for the National Endowments for the Arts, where the feds pay for art that nobody else will pay for.
• $2.4 billion for carbon capture demonstration projects. Huh?… I have no idea what that is.
• $650 million to pay for digital TV conversion coupons, on top of the billions already spent on this mess. Do you want these same people handling your health care?
• $83 billion for earned income credit for people who don’t pay income taxes.
• $335 million in funding education and treatment for sexually transmitted diseases.
• $30 billion to subsidize health insurance of laid off workers.
• $15 billion increase in College Pell grants; in 4 years we will have even more grads who can’t find employment.
• $70 million to purchase supercomputers for climate research.
• $400 million for research into global warming.
• $20 million for the removal of small to medium-sized fish passage barriers.
• $25 million to rehabilitate off road (ATV) trails.
• $34 million to remodel the department of Commerce building.
• $44 million to renovate the headquarters building of the Agriculture Department.
• $250 million for honey bee insurance.
• $1 billion for Amtrak, which hasn’t earned a profit in four decades.
• $2 billion to help subsidize child care.
• $2.4 billion for projects to demonstrate how carbon greenhouse gas can be safely removed from environment.
• $600 million to buy a new fleet of cars for federal employees and government departments.
• $75 million to fund programs to help people quit smoking.
• $21 million to re-sod the National Mall, which suffered heavy use during the Inauguration.
• $2.25 billion for national parks. (Note: This item has sparked calls for an investigation, because the chief lobbyist of the National Parks
Association is the son of Rep. David R. Obey, D-Wisc. The $2,25 billion is about equal to the National Park Service’s entire annual budget. The Washington Times reports it is a threefold increase over what was originally proposed for parks in the stimulus bill. Obey is chairman of the House Appropriations Committee.)
• $4.19 billion to stave off foreclosures via the Neighborhood Stabilization Program.
• $32 billion for a “smart electricity grid to minimize waste.
• $87 billion of Medicaid funds, to aid states.
• $53.4 billion for science facilities, high speed Internet, and miscellaneous energy and environmental programs.
• $13 billion to repair and weatherize public housing, help the homeless, repair foreclosed homes.
• $20 billion for quicker depreciation and write-offs for equipment.
• $10.3 billion for tax credits to help families defray the cost of college tuition.
• $20 billion over five years for an expanded food stamp program.
So far, any “tax cuts for Americans” are narrowly targeted, with the largest portion going to more rebate checks, a strategy that failed to reverse our economy’s slide last year.
The nonpartisan Congressional Budget Office has concluded that more than half of the hundreds of billions of dollars in infrastructure spending contained in the bill, such as $26 billion of the $30 billion allocated for highways and $15.5 billion of the $18.5 billion for renewable energy projects, will not take place for more than two years — long after economists predict the current recession will have ended. If the Senate passes this borrow-and-spend “stimulus” bill, it will waste record amounts of tax dollars, provide virtually no benefit to the economy, and only add to our nation’s soaring liabilities.
When President Obama was campaigning, he promised numerous times in speeches and debates that he would cut pork out of the federal budget. Really! Ok, here is his first big opportunity to live up to his promise.
Now it is time to contact Senators (who will listen) & let them know what you think of this bill. We have impacted legislation before…it is time to do it again.
Dick Morris has an excellent article on “Inflation Alert: Money Supply Meyhem.” Well worth the read.