“Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” – White House Chief of Staff Rahm Emanuel
Spoken like a truly dangerous tyrant – use panic to seize more power. That guy has creeped me out since I first became aware of him in the early 90s when he was a Clintonite. He cannot be trusted as far as I could throw him.
A Wall Street Journal editorial exposes even more of the details of this crap sandwich of a ‘stimulus’ package, exposing it for what it is:
The 647-page, $825 billion House legislation is being sold as an economic “stimulus,” but now that Democrats have finally released the details we understand Rahm’s point much better. This is a political wonder that manages to spend money on just about every pent-up Democratic proposal of the last 40 years.
We’ve looked it over, and even we can’t quite believe it. There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.
This so-called Stimulus Package is nothing more than everything that the collectivists have wanted to do since the 60s. Spend our grandchildrens’ money buying votes for the Left today. Check out some of these (non-job-stimulating) parts of this package:
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. And even many of these projects aren’t likely to help the economy immediately. As Peter Orszag, the President’s new budget director, told Congress a year ago, “even those [public works] that are ‘on the shelf’ generally cannot be undertaken quickly enough to provide timely stimulus to the economy.”
The most insulting part to me, a lifetime net tax payer, are the income redistribution parts, giving my money to others based simply on the fact that they are unsuccessful. Giving money to the parasites is not going to stimulate anything more than beer companies, tobacco companies, scratch off lotto tickets, and rent-to-own stores. (And yes, if you are a net tax consumer or even if you break even without paying taxes, you are a parasite feeding on the neck of the productive people and should be called out and shamed).
Another “stimulus” secret is that some $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. While some of that may be justified to help poorer Americans ride out the recession, they aren’t job creators.
Here is a list of some of the Income Redistribution components of the Democrats’ Spend Everything boondoggle:
What a dishonest phrase “Refundable Tax Credits” is. If you get one of these, you are on welfare. The rest of us are subsidizing your lifestyle and you should be disgusted with yourself, though I doubt it. An economic stimulus package should stimulate the economy, not put money into the pockets of the people who are living off of the rest of us.
Urge your representatives to vote against this ridiculous proposal. Imagine how the media would report this if the GOP were attempting to pass a welfare package masquerading as a stimulus package. The media are Democrat Party lapdogs and should never be trusted.
Opposing this crap sandwich is the way for the GOP to regain power in 2 years. Let’s hope they have the cojones to stand up to the collectivists and their messiah in the White House.
UPDATE: I forgot to include the link to the WSJ Article. Here is is.