Wednesday, January 28, 2009

Stimulus Waste

What a surprise the House of Representatives approved an $819 billion economic stimulus package Wednesday, giving the Obama administration a legislative victory but also giving Republicans a chance to show how they can stick together. The final vote was 244-188, mostly along party lines. All Republicans who were present voted against the bill. They were joined in their opposition by 11 Democrats.

Here are just a few bullet points that illustrate what Democrats consider economic stimulus items...
  • $400 million to global warming research (This only stimulates Al Gore)
  • $2.4 billion, with a b, to carbon capture projects (If you want to know what this is go to the following link http://www.nma.org/ccs/carboncapture.asp, but I will tell you it is BS)
  • $650 million for digital TV conversion (Television is a want not a need and I don't want to pay for some slack jawed yokels ability to convert his rabbit ears)
  • $150 million for the Smithsonian (Throw a fundraiser)
  • $1 billion for Amtrak (didn't even know it still was used what a waste)

Don't forget the welfare part of the bill giving money to such things as food stamps, child care etc. I am not saying I oppose welfare type items, but one thing is for sure they do not stimulate growth. I also want you to know that some of this is going to be permanent spending when it is written into law.

This bill is going to supposedly create 4 million jobs and if you do the math it is about $290,000 per job. Is that worth it? How about this plan proposed by some House Republicans...

Take the two lowest tax brackets and cut them each by 5%. The 15% bracket would be cut to 10% and the 10% bracket would be cut to 5%. People would actually see this money on their next paycheck and I guarantee they will spend it. That number would be huge and it would have an immediate effect.

The whole point of this posting is to help the uninformed who think this plan is going to save them, it will not and it will put the country and our kids and grand kids further in debt. Please go to www.wewantavote.org and sign our petition to stop the stimulus package.

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