Jan 28 2009

The stimulus price continues to rise. Can we afford it?

Published by Karl at 1:23 am under congress, obama

Simply put, NO.

The problem is that despite our promises of hope and change and new ways of doing the business of government, pork spending has infested the stimulus.

Mob Museums.

Dog parks.

Smoking cessation funding.

Birth control.

Read this post from Red State via Freedom Talks:

The GOP leadership in the House put out the following list of 20 facts about the Democrats’ $1 trillion spending plan.

Rather than working with Republicans on a proposal that lets families, small businesses, entrepreneurs, and the self-employed keep more of what they earn to create jobs and help fix our economy, it seems congressional Democrats are prepared to barrel ahead with the same-old, same-old – more and more aimless spending – at a time when the American people expect so much more out of their elected officials in Washington. For a taste of just how badly Capitol Hill Democrats have strayed from the vision of a bipartisan plan to get our economy moving again, take a look at these 20 fast facts about their bloated plan:

1. The $825 billion package slated for a House vote later this week will exceed more than $1.1 trillion when adding in the interest ($300 plus billion) between 2009-2019 to pay for it.

Confirmed here.

2. The Capitol Hill Democrats’ plan includes funding for contraceptives; regardless of where anyone stands on taxpayer funded contraception, there is no question that it has NOTHING to do with the economy. (Note:  this has since been removed according to the news)

3. The legislation could open billions of taxpayer dollars to left-wing groups like the Association of Community Organizations for Reform Now (ACORN), which has been accused of voter fraud, is reportedly under federal investigation; and played a key role in the housing meltdown.

4. Here are just a few of the programs and projects that have been included in the House Democrats’ proposal:

· $650 million for digital TV coupons.

· $600 million for new cars for the federal government.

· $6 billion for colleges/universities – many which have billion dollar endowments.

· $50 million in funding for the National Endowment of the Arts.

· $44 million for repairs to U.S. Department of Agriculture headquarters.

· $200 million for the National Mall, including $21 million for sod.

5. The plan establishes at least 32 new government programs at a cost of over $136 billion. That means more than a third of this plan’s spending provisions are dedicated to creating new government programs.

6. The plan provides spending in at least 150 different federal programs, ranging from Amtrak to the Transportation Security Administration. Is this the “targeted” plan Democratic leaders promised?

7. Even though the legislation contains at least 152 separate spending proposals, the authors of the plan can only say that 34 have any chance at keeping or growing jobs.

8. Just one in seven dollars of an $18.5 billion expenditure on “energy efficiency” and “renewable energy programs” would be spent within the next 18 months.

9. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

10. The House Democrats’ bill will cost each and every household $6,700 in additional debt, paid for by our children and grandchildren.  (NOTE:  Current estimates are closer to $11,000 on average)

11. The bill provides enough spending – $825 billion – to give every man, woman, and child in America $2,700. $825 billion is enough to give every person in Ohio $72,000.

12. $825 billion is enough to give every person living in poverty in the United States $22,000.

13. Although the House Democrats’ proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill – or three percent – is for road and highway spending. A recent study from the nonpartisan Congressional Budget Office found that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion.

14. Much of the funding within the House Democrats’ proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG) – a program that already has $16 billion on hand. States also are sitting on some $9 billion in unused highway funds – funds that Congress is prepared to rescind later this year.

15. All board members of the “Accountability and Transparency Board” created by this legislation are appointees of the President; none will be appointed by Congress.

16. A scant 2.7 percent, or $22.3 billion of the overall package, is dedicated to small business tax relief.

17. The Joint Committee on Taxation estimates that the legislation increases by seven million the number of people who get a check back from the IRS that exceeds what they paid in payroll and income taxes.

18. The “Making Work Pay” tax credit at the center of the plan amounts to $1.37 a day, or about the price of a cup of coffee.

19. Almost one-third of the so-called “tax relief” in the House Democrats’ bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package – not the 40 percent that President Obama had requested.

20. $825 billion is just the beginning – many Capitol Hill Democrats want to spend even more taxpayer dollars on their “stimulus” plan. In fact, the Chairman of the House Appropriations Committee, Rep. David Obey (D-WI), told Roll Call earlier this month, “I would not be surprised to see us go further on some of these programs down the line

So there you have a taste of what it means to give the Government free reign to enslave us for generations all based on fear.

Change we can believe in be in debt to…No wonder President Obama is trying to demonize the Republicans who oppose it.

Read more here.

And take a closer look at the stimulus itself at this searchable link of the Generational Theft Act.

Contact your Legislatures, both parties,and demand responsible spending, before our future generations are crushed and buried by this endless debt.

Trackposted to Rosemary’s Thoughts, Allie is Wired, third world county, Political Byline, Woman Honor Thyself, Wingless - What Lead to Cast Lead, The World According to Carl, DragonLady’s World, Rosemary’s News and Ideas, The Pink Flamingo, Cao’s Blog, Wingless - Sura 5:32 - When Killing isn’t Murder, Wingless, Democrat=Socialist, Conservative Cat, and Right Voices, thanks to Linkfest Haven Deluxe.

2 Responses to “The stimulus price continues to rise. Can we afford it?”

  1. Rosemaryon 28 Jan 2009 at 5:03 am

    Hi there. This is a pathetic theft of their duty to govern for ALL the people, and that includes the rich and Rush Limbaugh! (You’ve heard the president speak out against Rush? He is forgetting that Rush is one of the people he has sworn to protect, tsk, tsk, tsk.) Great post.

    PS. Why isn’t my name on your sidebar? Do I do something bad? :(

  2. Brendan Steinhauseron 28 Jan 2009 at 7:12 am

    Also, check out http://www.readthestimulus.org to see what’s in the bill.

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