Lard, Transfer Payments and Payoffs Make Up Bulk of Democratic “Stimulus” Bill
Show me, please, where any of that listed on the left is a ‘stimulus’ that will create jobs, other than government jobs? We’re talking productive private sector jobs here.
Sure “refundable tax credits” – i.e. sending money from people who pay taxes to people who don’t – unemployment insurance and food stamps will certainly get money into the system. But it’s not going to stimulate anything in particular.
So when you see over $265 billion of this so-called “stimulus” being spent thusly, you realize that over 30% is going to relief. While relief may sound good, other than the government bureaucrats it takes to run the programs, it doesn’t provide much stimulus where it is most needed – creating jobs.
Transfer payments, then, consume 1/3 of the stimulus bill. Great. What else?
Well, consider these little goodies:
• $8 billion on “renewable energy” projects, which have a low or negative return
• $7 billion for “modernizing federal buildings and facilities”
• $6 billion on urban transit systems, dominated by unions and which, almost universally, lose money
• $2.4 billion for “carbon-capture demonstration projects”
• $2 billion for child-care subsidies
• $1 billion for Amtrak, the federal railroad that’s run in the red for 40 years
• $650 million for “digital TV conversion coupons” (on top of billions already spent)
• $600 million on new cars for government (added to the $3 billion already spent each year)
• $400 million for “global-warming research”
• $50 million for the National Endowment for the Arts
Anyone – what will $50 million for the NEA do to “stimulate the economy?” And the last thing we need is more “global warming research”.
Much of the rest of the billions and billions and billions of dollars being taxed, borrowed or printed will go toward projects which won’t spend their first dollar before late 2010 or early 2011. And corporate income taxes? Well, can’t cut those because we might actually see jobs created if that was done.
One area these dollars won’t be spent, and in fact is being cut while we’re engaged in 2 wars is Defense spending.
The Obama administration has asked the military’s Joint Chiefs of Staff to cut the Pentagon’s budget request for the fiscal year 2010 by more than 10 percent — about $55 billion — a senior U.S. defense official tells FOX News.
Last year’s defense budget was $512 billion. Service chiefs and planners will be spending the weekend “burning the midnight oil” looking at ways to cut the budget — looking especially at weapons programs, the defense official said.
Some overall budget figures are expected to be announced Monday.
Obama met Friday at the White House with a small group of military advisers, including Admiral Mike Mullen, chairman of the Joint Chiefs, Gen. James Cartwright, vice chairman, and Gen. Jim Jones, National Security Council chairman.
All those promises about strengthening the military, taking care of our vets, etc. — just words.
Nope, your crisis is the left’s wet dream. As Rahm Emanuel said, no reason to let a good crisis go to waste. They’re going to pass things now they could never pass previously under normal circumstances. That’s why House Democrats only allowed one hour of “debate” before voting. Hell, you can’t even read the whole name of the bill and all the sponsors in an hour. However, had they actually allowed for debate, you might have heard about the pork and transfer payments and special favors (like those tax favors given to Hollywood) which make up such a large part of this bill. Can’t have that in this most “transparent” of administrations, can we?
Hope and change.