Read the specifics of what President Obama wants to spend $825 billion on.
The plan by Obama and congressional Democrats to revive the economy is taking shape. Here's what we know so far.
You've probably noticed: The Obama administration and Congress are talking about spending an unprecedented sum of money to try to revive the economy.
President Obama and House Democrats laid down the marker with an $825 billion package of spending and tax cuts.
Dozens of proposals. Hundreds of pages of legislation. Billions of dollars.
What are some of the headline proposals, and what is the debate all about? The legislation is a work in progress, but here is an overview.
Reading earlier that if they divided that money up and gave each American an equal share, it would come to over $9000 per person.. I'd rather have the $9000 please If I find the link again, I'll post it here.. found it somewhere on Reddit I believe.
Reading earlier that if they divided that money up and gave each American an equal share, it would come to over $9000 per person.. I'd rather have the $9000 please If I find the link again, I'll post it here.. found it somewhere on Reddit I believe.
Got an article about that in my yahoo junk mail yesterday... It reads that if they added the first $700 billion bailout (the one that is already spent) to the current 819 billion bailout it would be somewhere around $9700 per person if divided amongst everyone who filed taxes in 2008 for 2007... to me it's just that, junk mail & silliness... not only would that not help health care or any other cause, but not everyone would put that money back into the economy, some would save it & others may blow it.
No it would never happen & thank god it wouldn't.
Thanks PK for the thread, I will follow the link from work later
Got an article about that in my yahoo junk mail yesterday... It reads that if they added the first $700 billion bailout (the one that is already spent) to the current 819 billion bailout it would be somewhere around $9700 per person if divided amongst everyone who filed taxes in 2008 for 2007... to me it's just that, junk mail & silliness... not only would that not help health care or any other cause, but not everyone would put that money back into the economy, some would save it & others may blow it.
No it would never happen & thank god it wouldn't.
Thanks PK for the thread, I will follow the link from work later
The best idea would be to not take the money in the first place, rather than taking it and then having to spend billions to get it back to us. Businesses and consumers will always know how to spend money more efficiently than government. In fact usually about 40% - 60% of what government does goes to administration costs. So expect around $400 billion of the massive spending bill to go out the window. Plus the fact that many of the so called "jobs" they are creating are bureaucratic so we will be paying for them for decades to come.
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Todd Welch
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The best idea would be to not take the money in the first place, rather than taking it and then having to spend billions to get it back to us. Businesses and consumers will always know how to spend money more efficiently than government. In fact usually about 40% - 60% of what government does goes to administration costs. So expect around $400 billion of the massive spending bill to go out the window. Plus the fact that many of the so called "jobs" they are creating are bureaucratic so we will be paying for them for decades to come.
Agreed, one time payments in the form of a check is not long term stimulus. Lower tax rates on individuals and business is the correct formula. That's how you plan as a family or business.
This package raises the baseline of the federal budget by that 400 billion dollar number. So yes, it never goes away.
Now add on top of all this, SCHIP expansion, carbon credit charges, increase gas tax (it's coming), Internet tax, Doubling school spending, Universal health care on top of State health care, etc etc. We're in for some tough times.
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
They are voting on a bill that they refuse to allow "we the people" to read per their promise before the election.
What happened to their promise of 48 hours? Just another BS story it would seem. The GOP has not had time to read the bill (they were locked out of conference) and most of the Dems don't know what the bill has in it now.
What is the world is going on in Washington?? Why are they borrowing $$$ that likely won't do anything but put us further in the hole?
No links without 10 posts? Oh well...my first and last post here
Now that the stimulus has passed and will be signed, I'm excited. It'll be like my birthday everyday. With each passing day there'll be a new surprise as to what's in there. Can't wait to see Doyle blow through his portion. Oh well, at least the schools and teachers union are happy.
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
Here's a good example of how the Stimulus is a waste.
Over 7 billion for "rural broadband" service. Sounds good right?
Here's a partial quote:
More than 90 percent of the loan applications the agency has approved since the critical report in 2005 went to areas that already had broadband service, the report said. “OIG remains concerned because the overwhelming majority of communities…receiving service through the broadband program already have access to the technology,” Young wrote.
I'm in a rural area with no access to broadband. I purchased satellite internet. I'm happy with it. Satisfied with the speed and access. And it's just as affordable as any other type of access.
I didn't need the government to get broadband. Why does anyone else? The free market has done a pretty good job of supplying internet so far, so let it continue to grow through natural competition.
That's an easy 7 billion that could be saved and it took me 5 minutes to find it.
Imagine if I actually tried hard.
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
Partial quote: "These jobs and the jobs of so many other police officers and teachers and firefighters all across Ohio will now be saved because of this recovery plan."
Will these jobs be taken off the "saved list" once their eliminated?
That's the problem with alot of this money being thrown around. It's makes good photo op's, but only delays the inevitable. 1.2 million dollars wasted.
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
Out of the White House raising campaign money for Harry Reid and the DNC while the North Koreans are detonating nukes and launching missiles threatening nuclear war.
Priorities?
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
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If I find the link again, I'll post it here.. found it somewhere on Reddit I believe.
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