Failure to pass the so-called Stimulus bill will be a catastrophe? So says claims our new president. It’s so urgent that our economy may collapse if your grand-kids don’t borrow the dollars somewhere to fund these Spending programs? Excuse Me?
I don’t see a lot of stimulus or urgency in much of the following; all of which are included in Obama’s “stimulus” package, and it isn't bi-partisan in any way, shape of means:
$145 billion for “Making Work Pay” tax credits; $89 billion for Medicaid; $83 billion for the earned income credit; $79 billion for State Fiscal Stabilization Fund; $36 billion for expanded unemployment benefits; $30 billion for COBRA insurance extension; $20 billion for food stamps; $15 billion for boosting Pell Grant college scholarships; $15 billion for business-loss carry-backs; $8 billion for innovative technology loan guarantee program; $6.2 billion shall be for the Weatherization Assistance Program; $6 billion for university building projects; $4.5 billion for electricity grid; $4.5 billion for U.S. Army Corps of Engineers; $4.2 billion for “neighborhood stabilization activities”; $4 billion for job-training programs, including $1.2 billion to provide “youth” summer jobs for people up to the age of 24; $3.5 billion shall be for energy efficiency and conservation block grants; $3.4 billion shall be for the State Energy Program; $2.4 billion for carbon-capture; demonstration projects; $2 billion for federal child care block grants; $2 billion for renewable energy research; $2 billion for a “clean-coal” power plant in Illinois.
Those are just a portion of the total bill.
Columnist Charles Krauthammer wrote: “(Obama was elected) to create something new -- a new politics where the moneyed pork-barreling and corrupt logrolling of the past would give way to a bottom-up, grass-roots participatory democracy. That is what made Obama so dazzling and new.”
Instead folks, we’re getting “perhaps the greatest frenzy of old-politics influence peddling ever seen in Washington.” This is not the “Change” I expected.
Krauthammer source: http://www.washingtonpost.com/wp-dyn/content/article/2009/02/05/AR2009020502766_pf.html
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