Thursday, February 5, 2009

The Economic Stimulus ('Stinker') Bill

Senator Lindsey Graham called it what it is, a "stinker" Bill. Earlier on Fox news he said: "This Bill is not an economic stimulus package. It's an orgy of congressional spending unrelated to creating jobs." Also today, President Obama called it what is: "a spending Bill". Well I'm glad we actually got to the truth! Everyone by now knows it is loaded with 'pork' but did you know that only 17% of the $920 BN Bill is intended to be spent in the first year? Most of the expenditure happens in the 4 th year..... yeah election year. Isn't that coincidental? And what if the economy picks up by the 4th year and we don't need all this spending and all this debt? The Democrats have ensured they get to spend it anyway. Senator McCain has at least introduced a sensible amendment: that when we reach 2 Quarters of positive GDP growth, the spending allocation in that Bill stops and cannot be re-appropriated. People need to ask deep deep questions here and take action by calling their congressional leaders. This Bill does little to create the jobs we so desperately need now. And since when was government any good at creating jobs? We've seen the mess at the SEC and the USCIS and no doubt countless other government departments wasting tax payers' money. The original House Bill has spending allocations for just about every department you can think of, but with no breakdown of expenditure or reason. How does this stimulate job growth in the private sector? " In addition to funds otherwise made available in this Act, there are hereby appropriated the following sums to the specified Offices of Inspector General, to remain available until September 30, 2013, for oversight and audit of programs, grants, and projects funded under this Act:"
  • Dept. of Agriculture - $22.5 M
  • Dept. of Commerce - $10 M
  • Dept. of Education $14 M
  • Dept. of Energy $15 M
  • Dept. of Health $19 M
  • Homeland Security $2 M
  • Dept. of Housing & Urban Development $15 M
  • Dept. of Interior $15 M
  • Dept. of Justice $2 M
  • Dept. of Labor $6 M (that's an ironic one if this is supposed to be a stimulus)
  • EPA $20 M ( you can only wonder about that one)
  • NASA $2M
  • SBA $10 M (for what? They never lend money to small business anyway.)
  • Corporation of National Community Service $1 M (What exactly is this for......ACORN?
And then the Government Accountability Office gets $20 M to oversee the above. This Bill is nothing more than an appropriations wish list by the Democrats - a boon dongle! In the process, they will increase government departments that will have lasting effects since government never downsizes like businesses do when needed. It's time for people to wake up. It's our money after all! Call you Senator and stop this 'pork'! (http://www.govtrack.us/congress/billtext.xpd?bill=h111-1) Comment or e-mail me at businessissuestoday@gmail.com

0 comments:

Post a Comment

Sociable

 
Business Issues Today Copyright © 2009 Blogger Template Designed by Bie Blogger Template