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stimulus bill
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<blockquote data-quote="tonyt" data-source="post: 86870" data-attributes="member: 405"><p>here's a few.</p><p></p><p>There's $1 billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years</p><p></p><p>$400 million for global-warming research </p><p></p><p>There's even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.</p><p></p><p>In selling the plan, President Obama has said this bill will make "dramatic investments to revive our flagging economy." Well, you be the judge. Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway projects</p><p></p><p><u>There's another $40 billion for broadband and electric grid development, airports and clean water projects that are arguably worthwhile priorities.</u></p><p><u>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</u></p><p></p><p>Most of the rest of this project spending will go to such things as renewable energy funding ($8 billion) or mass transit ($6 billion) that have a low or negative return on investment. 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?</p><p></p><p>spend $600 million more for the federal government to buy new cars</p><p></p><p>$7 billion for modernizing federal buildings and facilities</p><p></p><p>Another "stimulus" secret is that some <strong>$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.</strong> While some of that may be justified to help poorer Americans ride out the recession, they aren't job creators</p><p></p><p><strong>$54 billion will go to federal programs that the <u>Office of Management and Budget or the Government Accountability Office have already criticized as "ineffective" or unable to pass basic financial audits</u></strong></p><p></p><p>Oh, and don't forget education, which would get $66 billion more. That's more than the entire Education Department spent a mere 10 years ago and is on top of the doubling under President Bush. If you think the intention here is to help kids learn, the House declares on page 257 that "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 nonunion teachers.</p><p></p><p></p><p>its a giant pork barrel spending bill.</p><p></p><p>how is ANY of that gonna stimulate the economy?</p></blockquote><p></p>
[QUOTE="tonyt, post: 86870, member: 405"] here's a few. There's $1 billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years $400 million for global-warming research There's even $650 million on top of the billions already doled out to pay for digital TV conversion coupons. In selling the plan, President Obama has said this bill will make "dramatic investments to revive our flagging economy." Well, you be the judge. Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway projects [u]There's 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[/u] Most of the rest of this project spending will go to such things as renewable energy funding ($8 billion) or mass transit ($6 billion) that have a low or negative return on investment. 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? spend $600 million more for the federal government to buy new cars $7 billion for modernizing federal buildings and facilities Another "stimulus" secret is that some [b]$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.[/b] While some of that may be justified to help poorer Americans ride out the recession, they aren't job creators [b]$54 billion will go to federal programs that the [u]Office of Management and Budget or the Government Accountability Office have already criticized as "ineffective" or unable to pass basic financial audits[/u][/b] Oh, and don't forget education, which would get $66 billion more. That's more than the entire Education Department spent a mere 10 years ago and is on top of the doubling under President Bush. If you think the intention here is to help kids learn, the House declares on page 257 that "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 nonunion teachers. its a giant pork barrel spending bill. how is ANY of that gonna stimulate the economy? [/QUOTE]
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