Monday, January 26, 2009

Economic "Stimulus" My Arse

Our new POTUS is working hard to get his people in place so that they can start ramming (his?) $825 billion (for now) economic "stimulus" plan down our throats (or upward into another, much tighter bodily opening) as quickly as possible. The Democrat big-wigs are pressing hard for a mid-February signing ceremony, and are telling anyone who will listen that the federal government must spend this money if our economy is to be saved.

Hmm, where have we heard that before?

Several days ago, House minority leader John Boehner circulated an email with some eye-opening, if not actually eye-popping, details about this latest government scheme to separate us Americans from our hard-earned money.

Oh yes, the balance due on this "bailout" will be coming right out of our pockets, as there is actually no such thing as government money. I am not altogether sure the 65 million Americans who were conned into voting for Mr. Obama are aware of this fact.

Anyway, here is what the social democrats are proposing (emphasis mine):

A Dozen Fun Facts About the House Democrats' Massive Spending Bill

1. The House Democrats' bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.

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

3. President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs. This means that this legislation will spend about $275,000 per job. The average household income in the U.S. is $50,000 a year.

4. The House Democrats' bill provides enough spending - $825 billion - to give every man, woman, and child in America $2,700.

5. $825 billion is enough to give every person living in poverty in the U.S. $22,000.

6. $825 billion is enough to give every person in Ohio $72,000.

7. 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 Congressional Budget Office said that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion for infrastructure.

8. 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), which already have $16 billion on hand. And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used.

9. In 1993, the unemployment rate was virtually the same as the rate today (around seven percent). Yet, then-President Clinton's proposed stimulus legislation ONLY contained $16 billion in spending.

10. 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.
  • $6 billion for colleges/universities - many which have billion dollar endowments.
  • $166 billion in direct aid to states - many of which have failed to budget wisely.
  • $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 grass planting.
  • $400 million for "National Treasures."

11. 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-elect Obama had requested.

12. $825 billion is just the beginning - many Capitol Hill Democrats want to spend even more taxpayer dollars on their "stimulus" plan.


My personal "favorite" was item No. 3. Only government could come up with a way to spend $275,000 to "create" or save just one job.

This isn't an economic stimulus anything. It is a pork-fat dripping payoff for the constituents of the social democrats.

Little wonder they are in such an all-fired hurry to get this lunacy passed and signed into law, because the longer it sits around collecting dust, the greater the chances are that people might actually read the thing and start asking questions that I do not think the supporters of this world-class rip-off are going to want to answer.

Who knows? One or two of them may be actually be out of that group of 65 million Americans who voted for "change."

Yep, change is about all we will have left once this insanity blows through.

Sadder still is that many of our representatives in Washington who were once fiscal conservatives and should know better, are gleefully lining up to support a plan that I am convinced will do nothing but reward a particular political party's supporters. Furthermore it will leave us with a still-ailing economy, a much emptier treasury, a far higher budget deficit and overall national debt, and even greater threats to our freedoms and liberties when it becomes apparent, even to an Obama voter, that this plan has only managed to stimulate Chris Matthew's leg.

Then what?

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When liberty is taken away by force it can be restored by force. When it is relinquished voluntarily by default it can never be recovered. -Dorothy Thompson