WHY THIS BILL MUST CRASH AND BURN
After Congress appropriates the FY' 09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
The current "stimulus bill" will be the LARGEST SPENDING BILL EVER enacted by Congress, making the New Deal look small, accounting for inflation.
The "Stimulus" Bills Your Family $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.
If all families were asked to equally shoulder the burden of $825 Billon, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.
If Government Spending solved recessions, we would never have recessions!!!!!! SERIOUSLY THINK ABOUT THIS ONE.
The hidden liberal policy agenda inside the "stimulus bill"?¦
Over $142 Billion in Federal education funds: Nearly double the total outlays for the Dept. of Education in 2007?? making good on Reid-Pelosi-Obama education promises to the NEA (teachers unions) .
$87 Billion Medicaid bailout: Medicaid is funded by a formula that matches state spending levels with federal dollars. If we keep bailing states out, they will have NO incentive to be fiscally responsible. Fiscally responsible taxpayers in Indiana are now paying for fiscally irresponsible bureaucrats in Illinois.
Expanded Medicaid coverage and SCHIP: Reid-Pelosi-Obama are enacting a nationalized health care policy with no debate. The government will soon be responsible for more health care spending than the private sector, i.e. socialized medicine.
Green Jobs?: The myth of "green jobs" merely means replacing one job lost, with a new job that fits the left's agenda. It is a zero sum game. More than doubling spending, the stimulus also has over $35 billion for the Dept. of Energy. DOE's current budget is $23.8 billion.
Family Planning and birth control for children, immigrants and the wealthy, which could also be used as a backdoor to allow federal funding of abortions. How is this stimulus? **UPDATE: Nancy Pelosi agrees this is not stimulus and has removed it from the bill proving these measures are allergic to sunshine.**
Redistribution: Refundable Tax Credits for people who don't pay taxes.
Pork Spending: Digital TV Coupons ($650 Million), Gov't Cars ($600 Million), Nat'l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).
No Jobs: While they have not been able to support these claims, Pelosi/Obama promise between 3 & 4 million jobs, yet House Tax Committee staff can't estimate even ONE job will be created.
Ineffective: The Congressional Budget Office estimates that only 52% of the spending in the "stimulus bill" can even be spent by the end of FY '10. Well short of the 75% benchmark set by President Obama.
"We have tried spending money. We are spending more than we have ever spent before and it does not work." FDR's Treasury Sec. Henry Morgenthau Jr., architect of the New Deal.
BETTER IDEAS AND RESULTS
Make the 2001 and 2003 Tax Cuts permanent, instead of raising taxes in 2011; Reduce Marginal Tax Rates for Individuals and Businesses by 10% creating new jobs. Adopting just this one proposal would create between 500,000 and 1 million jobs in one year.
Repeal the Alternative Minimum Tax & reduce the Death Tax to 15% ($5 mil. individual exclusion) Enact long-term reforms and budgets for entitlement spending., putting long-term obligations from Social Security, Medicare and Medicaid, front and center in the budget process.
Assess and enforce long term spending rules in Congress. Get us out of debt!
READ THE STIMULUS BILL. DON'T IGNORANTLY SUPPORT WHAT YOU DON'T KNOW or "KNOW" ONLY THROUGH THE FILTER OF BIASED OP-EDS
CONTACT YOUR REPUBLICAN SENATORS, IF YOU ARE LUCKY ENOUGH TO HAVE ONE, AND DEMAND THAT THEY VOTE AGAINST THIS BILL.
by Ralph Deeds 12 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
by ga anderson 5 weeks ago
Federal Government Lost 5x More to COVID Stimulus Fraud Than It Spent on Vaccine Development, New Report Reveals[i]"When we finally have the full figures, total taxpayer money lost to fraud by the US federal government will likely be bigger than the entire economy of many small...
by Credence2 4 months ago
McConnell has got to despise Trump behind closed doors.Trump has expressed dissatisfaction with the $600 per person stimulus package, that McConnell and the Republicans have agreed to. He and the Democrats wants $2,000 per person. I could probably work with the $1200.00 we all received in the first...
by Brian 10 years ago
I was on facebook earlier today, and a friend of mine posted a Youtube video about just how much money is being used to support the Bush tax cuts for the rich. 100 Billion dollars of the average tax payer's money! Which amounts to over $83,000.00 a year for a single individual making over...
by JOC 2 months ago
Tom Cotton and some others in the GOP seem to have an issue with prisoners getting stimulus. They appear to want to blame Democrats for this now. Weird then that they were able to receive checks from both stimulus packages approved under...
by Stacie L 9 years ago
Obamacare will save Medicare $200 billion by 2016by Joan McCarterFollow The Centers for Medicare & Medicaid Services actuary reports: "We have achieved significant tangible savings that have been passed on to beneficiaries," said Jonathan Blum, director of the Center for...
Copyright © 2021 Maven Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of Maven Coalition, Inc. Other product and company names shown may be trademarks of their respective owners. Maven Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|