Obama Stimulus Package Breakdown

[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

[cobra de capell]

Hmmmmm.....so, it seems like there is a lot of long term stuff - how does most items on the list create jobs, say within the next 1-2 years?

How about cutting taxes, eliminate capital gains - provide business (big and small) with an incentive to grow and create jobs now. But, that's the Republican way to go and Republicans barely have a vote in this matter. WE ARE SO SCREWED.

[imagine2frolic]

CDC,

You type that as if the last 8 years was a success? Pull your head out of the sand.....i2f

[cobra de capell]

Originally Posted by imagine2frolic

CDC,

You type that as if the last 8 years was a success? Pull your head out of the sand.....i2f

Actually, seven of the last eight years were a success - get your head out of your butt. Also, keep in mind that it's the Democrat's that created the time bomb in housing and the Republicians that wanted to make it right in the early 2002 period.

[imagine2frolic]

Originally Posted by cobra de capell

Actually, seven of the last eight years were a success - get your head out of your butt. Also, keep in mind that it's the Democrat's that created the time bomb in housing and the Republicians that wanted to make it right in the early 2002 period.

8 years wasn't enough time to correct it?

You really need your mouth washed with soap. I am sure by your frilly undies you don't talk to men face to face like that. Kind of reminds me of the type in the car that waves his finger. Then at the stoplight he's calling for help....just grow up!

[Fred Douglass]

.......there's more detail (or so I've heard)...APE-PORN........Ooooops, waitaminnit! Oh, yeah, ACORN is slatted to get $4.1 Billion to help "get out the vote" (via exhumation of stiffs?) and "organize at-risk* communities". O....M.....G.....!!!!!!!!

*my paraphrase....coon't remember the phrase.

Sanctified Fecal Matter!!!! Didja ever read Hyack's (Sp?) "The Road to Serfdom"? I skimmed pahts. This is more like a time-lapse scoot down the superhighway to Cooooooba!!!!

Wonder if someone needs sturdy crew for blastin' across the Pacific----bananas, breadfruit and Polynesia/Melanesia and up the Solomon Chain we go!!!!!!!! Crew available!!! NOW!!!!

Ar-ar-ar!

[nevermind65]

Originally Posted by cobra de capell

Actually, seven of the last eight years were a success - get your head out of your butt. Also, keep in mind that it's the Democrat's that created the time bomb in housing and the Republicians that wanted to make it right in the early 2002 period.

Hahahaha! You are kidding right...or just an ignorant fool? How can it be considered a "success" when just about everything that was gained has now been lost? Oh...and let's not forget the massive increase in debt that we have seen.

Any more "success" like the last 8 years and our country will be bankrupt!

2002? How about 2004?

http://www.usatoday.com/money/perfi/...1-20-fha_x.htm

[LudicrousSpeed]

What you Knuckleheads fail to realize is that its the Politicians who are doing this to us. Obama is no different/better than Bush/Clinton/ etc...

It is the system that lets fallible men who crave power secure their positions and commence to bleed us.

Look at the California budget crisis. Some estimate that the state loses 40 Million a day waiting for these turds to do their lousy jobs. We aint gonna recoup that money, and those turds get to keep their jobs with the sweet perks and fat pensions WE pay for. This is absurdity.
The key to ALL this Mess is accountability. THERE IS NONE.

If there was ever a way to kick these SuperTurds to the curb, we need to find it and implement it because, OBVIOUSLY, Anybody could do the job as well or better than they.

My 2cents.

[Trueoo7]

I saw where they want to put 25 mil into new ATV trails throughout the country. If this does go through, these are the things that would help stimulate growth. Hotels, gas, restaurants, equipment etc.

[Hammer65]

If we step back and look and what has been happening here in the USA, and some other capitalistic countries, we've become a nation of instant gratification. We seem to demand instant results and/or rewards without regards to future consequences.

Shareholders want results on a quarterly, if not monthly basis, corporate executives are driven to perform based on quarterly earnings and not on developing a long term strategic plan and executing on that. Bonuses etc that are a large part of executive pay are determined using these short term metrics. It's hard to fault management for doing what shareholders, through the board of directors, are demanding them to do. Albeit some, or many depending how you look at it, are corrupt with little or no personal integrity. Nonetheless all are driven by "What have you done for me lately?"

We seem to make little investment in long term strategies or things like infrastructure whose payoffs are not near term. This short term gain idea is supported by the concept of Day Trading. Granted many lost their #$%& doing this, but it exemplifies the "Need It Now" attitude that's pervasive.

I don't know how to change this but hoping people will spend now and help boost the economy is, in my opinion, BS. This is more of the same. I'd hope that if individuals do see some additional cash in their accounts that they would look at what they've lost in pension balances, portfolios, IRA's and or 401k's and replenish those safeguards of the future. We not planning for the welfare of our children with this, just robbing them of their future.

Just What Are We Trying To Stimulate???

[Ron61]

Hammer,

I agree with you. The long term is what is going to have to drag this country out of this mess, and hopefully get enough intelligent voters to get rid of the group in Washington. This giving a bunch billions to run out and spend in the next few months will make the books look good for a short time, but then when that is back in the politicians pockets, we will be right back where we are only worse as some people will undoubtedly overspend with no though of having to pay for it later.

Ron

[nevermind65]

Yjese are the ones I'm having a huge problem with. How are these going to create jobs? Are we magically going to hire 50,000 more teachers and even if we do, will it actually help turn the economy around? What about Medicaid? Is this due to the states failing to get their budgets under control, so we have to bail them out also? When did "living within your means" not become the mainstay?

• $ 87 billion Medicaid aid to states
• $ 79 billion school districts/public colleges to prevent cutbacks
• $ 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."

[TerrysSPF]

imagine2 -

WHO / what Party was it that tried to keep an eye on what was going on, and WHO / what Party was it that tried to stop the regulation?

Here's a couple clips you should watch before coming down too hard on CDC.

In this clip, I LOVE how Barney Frank says that, even if the banks (GSE) were in a financial mess, "the Federal government wouldn't bail them out".
-Yeh right.

http://www.youtube.com/watch?v=cMnSp...eature=related

And this clip does a terrific job of showing just how ignorant our Speaker of the House truly is:

http://www.youtube.com/watch?v=hxMIn...eature=related

-Like CDC said..............pull your head out of your butt.
You've obviously been drinking too much of the Obama-mania koolaid.

[Wayne Maybury]

Originally Posted by Hammer65

If we step back and look and what has been happening here in the USA, and some other capitalistic countries, we've become a nation of instant gratification. We seem to demand instant results and/or rewards without regards to future consequences.

Shareholders want results on a quarterly, if not monthly basis, corporate executives are driven to perform based on quarterly earnings and not on developing a long term strategic plan and executing on that. Bonuses etc that are a large part of executive pay are determined using these short term metrics. It's hard to fault management for doing what shareholders, through the board of directors, are demanding them to do. Albeit some, or many depending how you look at it, are corrupt with little or no personal integrity. Nonetheless all are driven by "What have you done for me lately?"

We seem to make little investment in long term strategies or things like infrastructure whose payoffs are not near term. This short term gain idea is supported by the concept of Day Trading. Granted many lost their #$%& doing this, but it exemplifies the "Need It Now" attitude that's pervasive.

I don't know how to change this but hoping people will spend now and help boost the economy is, in my opinion, BS. This is more of the same. I'd hope that if individuals do see some additional cash in their accounts that they would look at what they've lost in pension balances, portfolios, IRA's and or 401k's and replenish those safeguards of the future. We not planning for the welfare of our children with this, just robbing them of their future.

Just What Are We Trying To Stimulate???

Excellent post. About the only thing I would add is the fact that there seems to be a total lack of accountability and responsibility. Too many people today seem to think that they have the right to do whatever they please with disregard for the results of their actions.

Wayne

[Wes Tausend]

Originally Posted by Wayne Maybury

Excellent post. About the only thing I would add is the fact that there seems to be a total lack of accountability and responsibility. Too many people today seem to think that they have the right to do whatever they please with disregard for the results of their actions.

Wayne

I second that.

Wes


...

[Juggernaut]

Barney Frank is the one of the biggest reasons we're in this mess, most people either don't know it or just don't want to admit it.

Too many Bush haters floating around that seem to think everything that happened to this country was his fault. Let's see if Obama gets the same blame over anything that goes wrong in the next four years, & things will go wrong.

While the economy is bad, I'm more concerned about the security of this great nation of ours. Like it or not, the Bush Administration & the military has kept us safe since 9/11 (& don't try telling me that 9/11 was Bush's fault, Clinton could have seen it coming). I'm more concerned about our national security than I am about the economy, if not for me, but for my grandchildren. I pray it doesn't take another 9/11 to wake this country up to the MOST important issue facing us today.

One more thing, when was the last time we heard a report from Iraq? I bet most people don't even know the good things happening over there. I guess the liberal media is too busy covering the "coronation" & the love fest of the new president.

I didn't vote for Obama but I'm hoping he can keep us safe and turn the economy around. From what I've read so far, I'm losing hope.

It's gonna be a LONG four years.

[nevermind65]

"While the economy is bad, I'm more concerned about the security of this great nation of ours. Like it or not, the Bush Administration & the military has kept us safe since 9/11 (& don't try telling me that 9/11 was Bush's fault, Clinton could have seen it coming). I'm more concerned about our national security than I am about the economy, if not for me, but for my grandchildren. I pray it doesn't take another 9/11 to wake this country up to the MOST important issue facing us today."

By your logic, shouldn't Bush 1 have seen the first WTC bombing in 1993? It happened in February. What was Bush Sr. doing this whole time?

Fact is, I think every President has worked harder than most people could imagine to keep our country safe. If you want it so safe, maybe you should move to somewhere like N. Korea. After all, we are a FREE country and that freedom has a price whether is was soldiers fighting or people dying on 9-11.

[J. T. Toad]

Originally Posted by nevermind65

Hahahaha! You are kidding right...or just an ignorant fool? How can it be considered a "success" when just about everything that was gained has now been lost? Oh...and let's not forget the massive increase in debt that we have seen.

Why do you keep posting on any money matter thread?

"Why is this an issue for you?

"When somebody else is paying, I could care less." -nevermind65

an Obama mantra."

[Fred Douglass]

.....but it sure seems that the Democrats are in a TEARING HURRY to get this monstrosity passed quickly and with enuff Republicans on board so that they don't harvest exclusive "credit" for this thing. They seem to realize that the more it sits out there in the sunlight, the more pungent it gets! It's hemorhaging (sp?) popularity as we speak. Right now (according to some news reports), 44% of those polled approve of the Bailout and 40% DISapprove.

One way to do this thing right is to print (on however many pages it takes), in lots of national newspapers (liberal AND conservative), EXACTLY what each of the provisions/sections of the Bailout Bill entails--or "produces". THEN the public can get its oars in the water!

Six (count 'em 6!) letters/editorials in the WSJ over the past week have pointed out that lots of TAX CUTS would be the fastest way to get the economy rolling. Seems that pouring money into transfer-of-wealth programs may well "buy votes" (especially future ones) but won't produce private-sector jobs nor give the public money to buy things (which will start up production/sales, etc.). Ditto paying unattached heaps of money to already-wealthy CEOs!

Maybe some people ought to look around and see just how many state/socialist economies or states have flourished in the past or in other areas. Not too many, I'd bet.

Good Luck (we're gonna need it) in the new Socialist Amerika!!!.

Tax cuts WORK (and so do the people who receive them)!

$.02

Chow,

[Dan40]

Originally Posted by imagine2frolic

CDC,

You type that as if the last 8 years was a success? Pull your head out of the sand.....i2f

Assuming your statement is correct. Wasting more at twice or thrice the rate is an improvement?

The difference between a Bush Republican and a Democrat is:...... is....... is...... non existent.

Dan