Thursday, January 29, 2009

No Stimulus in the Stimulus Package:

The No Stimulus, Stimulus. What it really is, is a Democrat Christmas wish list.
Note, not a single GOP person voted for this and yet it passed in the House...proof that the DEMS OWN our Government and are not going to worry about Bi-Partisan anything (and why should they?)
The Bill: 647-page, $825 billion

$1 billion for Amtrak (Has not turned a profit in 40 years)
$2 billion for child-care subsidies
$50 million for that economic powerhouse the National Endowment for the Arts
$400 million for global-warming research (economic stimulus?)
$2.4 billion for carbon-capture demonstration projects (Demo projects to boost the economy?)
$650 million for digital TV conversion coupons
$30 billion, or less than 5% for fixing bridges or other highway projects
$40 billion for broadband and electric grid development, airports and clean water projects
$20 billion for business tax cuts (Actual stimulus)

That is about 97 billion give or take on the projects that can even remotely argued to be stimulus related. What about the other 728 Billion?

$8 billion renewable energy funding (read that as Ethanol and wind energy which are both cost prohibitive)
$6 billion on mass transit (Fare cover just about 50% of the cost to these systems.)

those two will have a net cost to the economy and are not stimulus.

$600 million more for the federal government to buy new cars (Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles)

$7 billion for modernizing federal buildings and facilities
$150 million for the Smithsonian

None of the next group can even remotely be considered Economic Stimulus (Not saying they arent worth wile just not related to economic stimulus and do not create new jobs)

$81 billion for Medicaid
$36 billion for expanded unemployment benefits
$20 billion for food stamps
$83 billion for the earned income credit (giving other peoples money to people who have lower incomes and dont actually pay INTo the income tax system)

The next group of expenditures:
$54 billion will go to federal programs
Economic Development Administration
Small Business Administration
10 federal job training programs

and others. All of which the OMB and GAO have classified as ineffective or unable to pass basic financial audits.

And last but not least:
$66 billion to education, more than the entire Education Department spent a mere 10 years ago
but this is not to help students get educations the bill states on page 257 that "No recipient . . . shall use such funds to provide financial assistance to students to attend private elementary or secondary schools." Can't have money going to nonunion teachers now can we?.

Source Article

Dems are using the economic crisis as a means for throwing money at all their favorite boondogles. *sigh* They Won, they get to do what they want *sigh*

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