Tuesday, February 3, 2009

Courtesy of the Jensens

My friends Marissa and Steve Jensen posted this on their blog. Question 1: How does any of this stimulate the economy? It's crap! Question 2: Who is supposed to pay for all of this? Aren't we in debt already??

Obama campaigned on his pledge to get rid of all the pork in new legislation. Check out what's in the "stimulus" package:
  • $1 Billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years.
  • $2 Billion for child-care subsidies
  • $50 Million to the National Endowment for the Arts
  • $400 Million for global warming research
  • $2.4 Billion for carbon-capture demonstration projects
  • $650 Million for digitial TV coupons
  • $30 Billion is for fixing bridges and highways
  • $40 Billion for broadband and electric grid development, airports, and clean water projects (arguably worthwhile, but maybe not in a stimulus package)
  • $600 Million to buy federal cars (on top of the $3 Billion it already spends annually on cars)
  • $7 Billion for modernizing government buildings
  • $472 Billion in handouts: food stamps, welfare, medicaid, unemployment, etc. (Last time I checked, these don't stimulate the economy: ECONOMICS 101)
  • $66 Billion of education
Basically, for every $1, $.12 of it goes to actual investments that stimulate the economy. The other $.82 goes to democratic initiatives that they've been trying to push through for the past 40 years. Helping the poor is fine, but don't label it as a "stimulus package."

No pork? Think again. I'm sure once this thing fails, Bush will take the blame.

4 comments:

The Mom said...

That is so infuriating,isn't it? Life is so complicated and it is tiring to listen to the debates and info on all of this mess that is going on right now. I pray that the governments decisions will be good but I know sometimes we get ourselves into trouble.

Holly or James said...

I quoted you on my FB page.
-james

Heidi a.k.a. spaceghost said...

It is understood by almost everyone here in DC that this is a huge pork bill, with lots of D interests being fulfilled. The D's and the Administration are just trying to sell it to the American people as a stimulus package because THEY know what we need.

Tyler M. said...

I am not surprised. Poor Cameron will be paying taxes at a 90% tax rate to his socialist government. what burdens to leave on our children. But hey, atleast he has "free" health care!