Quote:
Originally Posted by 427 S/O
Courtesy of Glenn Beck
January 26, 2009 - 11:16 ET
What is the money being spent on-general breakdown between infrastructure, tax cuts, etc…?
Some highlights of the package, by the numbers:
• $825 billion total (as of 1/15/09)
• $550 billion in new spending, described as thoughtful and carefully targeted priority investments with unprecedented accountability measures built in.
• $275 billion in tax relief ($1,000 tax cut for families, $500 tax cut for individuals through SS payroll deductions)
• $ 90 billion for infrastructure
• $ 87 billion Medicaid aid to states
• $ 79 billion school districts/public colleges to prevent cutbacks
• $ 54 billion to encourage energy production from renewable sources
• $ 41 billion for additional school funding ($14 billion for school modernizations and repairs, $13 billion for Title I, $13 billion for IDEA special education funding, $1 billion for education technology)
• $ 24 billion for "health information technology to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies" and "to provide for preventative care and to evaluate the most effective healthcare treatments."
• $ 16 billion for science/technology ($10 billion for science facilities, research, and instrumentation; $6 billion to expand broadband to rural areas)
• $ 15 billion to increase Pell grants by $500
• $ 6 billion for the ambiguous "higher education modernization."
What's this?...54 billion to encourage energy production from renewable sources!!!????. 'encourage' what the he$$ does this mean?, if their looking for someone to 'encourage', I'm ready!, for just a little bit of that $54 bil.
http://www.glennbeck.com/content/art...98/20639/?ck=1 |
Also, on the package list.....
- $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.
- Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
- 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.
As for the promise of accountability, some $54 billion will go to federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as "ineffective" or unable to pass basic financial audits.
As Speaker Nancy Pelosi put it, "We won the election. We wrote the bill." So they did. Republicans should let them take all of the credit.
"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."
So said White House Chief of Staff Rahm Emanuel in November.
We are so screwed.
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