Facts about Democrats’ massive [pork] stimulus package

I found this on Neal Boortz’ blog:

A Dozen Fun Facts About the House Democrats’ Massive Spending Bill

1. The House Democrats’ bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.

2. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

3. President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs. This means that this legislation will spend about $275,000 per job. The average household income in the U.S. is $50,000 a year.

4. The House Democrats’ bill provides enough spending – $825 billion – to give every man, woman, and child in America $2,700.

5. $825 billion is enough to give every person living in poverty in the U.S. $22,000.

6. $825 billion is enough to give every person in Ohio $72,000.

7. Although the House Democrats’ proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill – or three percent – is for road and highway spending. A recent study from the Congressional Budget Office said that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion for infrastructure.

8. Much of the funding within the House Democrats’ proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG), which already have $16 billion on hand. And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used.

9. In 1993, the unemployment rate was virtually the same as the rate today (around seven percent). Yet, then-President Clinton’s proposed stimulus legislation ONLY contained $16 billion in spending.

10. Here are just a few of the programs and projects that have been included in the House Democrats’ proposal:

  • $650 million for digital TV coupons.
  • $6 billion for colleges/universities – many which have billion dollar endowments.
  • $166 billion in direct aid to states – many of which have failed to budget wisely.
  • $50 million in funding for the National Endowment of the Arts.
  • $44 million for repairs to U.S. Department of Agriculture headquarters.
  • $200 million for the National Mall, including grass planting.
  • $400 million for “National Treasures.”

11. Almost one-third of the so called tax relief in the House Democrats’ bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package – not the 40 percent that President-elect Obama had requested.

12. $825 billion is just the beginning – many Capitol Hill Democrats want to spend even more taxpayer dollars on their “stimulus” plan.

Again, if we want to stimulate the economy the best and fastest way to do so would be to implement a tax holiday: no tax withholding for 2 to 4 months.  But the Democrats do not want to stimulate independence, they want to stimulate dependence.  Par for the course for government-loving collectivists.

Advertisements

8 responses to “Facts about Democrats’ massive [pork] stimulus package

  1. As if Republicans had nothing to do with this present crisis … hypocrisy posing as if it had principles …

  2. Show me where in that post it said that Republicans had no blame or that Democrats had all the blame. Not there. You like to respond to points that people do not make, perhaps Daily Kos or Democrat Underground is a more appropriate place for your baseless rants, Gilbert.

    This blog entry was simply pointing out the ugly truth of the Dems’ so-called stimulus package, ugly truths with which even Obama supporters should be disgusted. The ones not still drunk on the HopenChange Kool Aid, that is.

    This is a bipartisan crisis, but is not 50/50. It started with Carter’s Community Reinvestment Act and had a lot of help from criminals like Barney Frank (D-MA) and Chriss Dodd (D-CountryWide). John McCain tried to rein it in back in 2005 but was blocked by the Democrats.

  3. You didn’t have too … all you had to do was avoiding mentioning them and blaming all in our present efforts to get around this crisis … citizens like you should be left by yourselves to face this crisis … and yet, you dare hiding yourself behind calls of bipartisanship … for crying out loud …

  4. So now you are a mind reader. Since I mentioned neither the Dems nor the Repubs then I was obviously taking a swipe at the Dems? With logic like that it is no wonder that you are on the left side of the political spectrum, Gilmour.

    The best stimulus for our economy would be a temporary suspension of the withholding tax, letting people spend their own money on their own needs rather than letting a bunch of statist millionaires recklessly spend money of pork projects in their own districts.

  5. Oh you double crossing liar … YOU DID MENTION THE DEMOCRATS … in fact, that’s all you did …

  6. I mentioned them in the context of my critcisms of their alleged stimulus package, NOT in the context of blame for this financial crisis, which is what you and I are debating. Try again.

  7. I’m glad to know that you do not accept ‘statist millionaires’ … next thing I’ll be hearing from you will be:”Stop the Iraq war and let’s dump all those ‘statist millionaires’ and their reconstruction of the country we destroyed’ …

    Oh I hate those ‘statist millionaires’ …

  8. Pingback: What’s Happening? » Blog Archive » Facts About Democrats’ Massive [Pork] Stimulus Package « From the …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s