A Defending Crusader…

The best defense is to be good and offensive…or something like that.

A 40-Year Wish List

Posted by Godefroi on January 29, 2009

Snippets of WSJ report on that stimulus package shit sandwich…just so we can all marvel at the way the Dem-ruled world wish to spend our hard-earned cash.

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.

In selling the plan, President Obama has said this bill will make “dramatic investments to revive our flagging economy.” Well, you be the judge. Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway projects. There’s another $40 billion for broadband and electric grid development, airports and clean water projects that are arguably worthwhile priorities.

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.

[…]

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.

Summary of further discoveries:

  • Refundable tax credits – $82 Billion
  • Medicaid – $81 Billion
  • Food Stamps – $20 Billion
  • Public Housing – $7 Billion
  • COBRA – $30 Billion
  • Unemployment – $36 Billion
  • SSI Payments – $4 Billion
  • Welfare CASH payments – $2.5 Billion
  • NUTRITION Programs – $1 Billion
  • Renewable Energy Funding – $8 Billion
  • Mass Transit – $6 Billion
  • New Cars for the Feds – $0.6 Billion
  • Modernize Fed Buildings – $7 Billion

There’s more.  Go read the rest, and feel free to get angry.  And then, remember this when the next voting cycle comes around.

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2 Responses to “A 40-Year Wish List”

  1. Off topic, but FYI….I finally got around to working with my blogroll and added your site.

  2. Godefroi said

    Thanks AOW!

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