This is supposed to be a new era of bipartisanship, but this bill was written based on the wish list of every living — or dead — Democratic interest group. As Speaker Nancy Pelosi put it, “We won the election. We wrote the bill.” So they did. Republicans should let them take all of the credit.
“Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.”
So said White House Chief of Staff Rahm Emanuel in November, and Democrats in Congress are certainly taking his advice to heart. The 647-page, $825 billion House legislation is being sold as an economic “stimulus,” but now that Democrats have finally released the details we understand Rahm’s point much better. This is a political wonder that manages to spend money on just about every pent-up Democratic proposal of the last 40 years.
Do people even know what’s in this bill? Keep reading to find out. You won’t believe it. . .
In selling the plan, President Obama has said this bill will make “dramatic investments to revive our flagging economy.”
That’s when you should take your Mother’s advice and not believe everything you hear. Here are a few of the highlights, you be the judge:
- Education, which would get $66 billion more, however, “No recipient . . . shall use such funds to provide financial assistance to students to attend private elementary or secondary schools.” Horrors: Some money might go to non-union teachers. [Just another way the government is going to make sure your children are in school when pro-homosexual gay day, tolerance training, and no-name calling week take place, because you’re certainly not getting any money for them to attend school elsewhere, where they might receive a religious, traditional marriage and pro- family based education].
- $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years
- $50 million for that great engine of job creation, the National Endowment for the Arts
- $400 million for global-warming research
- another $2.4 billion for carbon-capture demonstration projects (What is this about ?)
- There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons
- Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway project
- another $40 billion for broadband and electric grid development, airports and clean water projects that are arguably worthwhile priorities
Add the roughly $20 billion for business tax cuts, and by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus. And even many of these projects aren’t likely to help the economy immediately.
The Wall Street Journal points out that much of the rest of the spending will go to things like renewable energy and mass transit, $8 and $6 Billion respectively, and have a low and even worse, a negative return on investment. As a real estate investor, that’s investing 101, you don’t put your money in a looser deal, something with little to no return on your investment. Sounds like we might need more financial geniuses in government and less celebrity lawyers.
And there’s always a kicker:
Most urban transit systems are so badly managed that their fares cover less than half of their costs. However, the people who operate these systems belong to public-employee unions that are campaign contributors to . . . guess which party? [In case you’re confused, I’ll put it in for you, that would be the Democrats].
Oh, and the following are also part of the alleged economic stimulus package, but will in no way stimulate the economy:
- $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. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
Another “stimulus” secret is that some $252 billion is for income-transfer payments — that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all.
- There’s $81 billion for Medicaid, (this is the STD prevention info I posted here here)
- $36 billion for expanded unemployment benefits,
- $20 billion for food stamps, and
- $83 billion for the earned income credit for people who don’t pay income tax. While some of that may be justified to help poorer Americans ride out the recession, they aren’t job creators.
Why should anyone receive an “earned income credit” for NOT earning any income. They shouldn’t. That’s insanity.
Another “stimulus” secret is that some $252 billion is for income-transfer payments — that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all. There’s $81 billion for Medicaid, $36 billion for expanded unemployment benefits, $20 billion for food stamps, and $83 billion for the earned income credit for people who don’t pay income tax. While some of that may be justified to help poorer Americans ride out the recession, they aren’t job creators.
What part of “live with in your means” doesn’t Obama and his cronies get? If there isn’t money to pay the bills, you cut the fat, and spend only on necessities. No money, no dance lessons, no fancy car, no Hawaiian vacation. Why doesn’t the government get, that if they don’t have the money, they don’t get to pay for all of their insane, unnecessary, poverty enduced, support pregnant unmarried Mothers, and drug addicts ridiculous social programs. Newsflash!!! America will still be here without $200 billion under the table dollars going to Planned Parenthood, like they were planning to do before America caught wind of it, and they substituted STD prevention instead (see link above).
I think we need to hold our government officials to the same financial standard that all responsible American citizens hold themselves too. Live with in your means. Don’t spend money you don’t have, and prioritize how to best spend the money you do have, even if it’s just a little. That, my friends, is how to build a wealthy nation. All of the free social programs and hand outs in the world will not solve the problems in America if we don’t expect our citizens to buck up and quit relying on the government to take care of them.
All respectful and courteous comments are welcome!
Photo Source: Washingtontimes.com