Rooster Cogburn
Sharpshooter
New Stimulus Package Breakdown
1. The $825 billion package slated for a House vote later this weekwill exceed more than $1.1 trillion when adding in the interest ($300plus billion) between 2009-2019 to pay for it.
2. The Capitol Hill Democrats’ plan includes funding for contraceptives;regardless of where anyone stands on taxpayer funded contraception,there is no question that it has NOTHING to do with the economy.
3. The legislation could open billions of taxpayer dollars to left-wing groups like the Association of Community Organizations for Reform Now (ACORN),which has been accused of voter fraud, is reportedly under federalinvestigation; and played a key role in the housing meltdown.
4. Here are just a few of the programs and projects that have been included in the House Democrats’ proposal:
· $650 million for digital TV coupons.
· $600 million for new cars for the federal government.
· $6 billion for colleges/universities – many which have billion dollar endowments.
· $50 million in funding for the National Endowment of the Arts.
· $44 million for repairs to U.S. Department of Agriculture headquarters.
· $200 million for the National Mall, including $21 million for sod.
5.The plan establishes at least 32 new government programs at a cost ofover $136 billion. That means more than a third of this plan’s spendingprovisions are dedicated to creating new government programs.
6.The plan provides spending in at least 150 different federal programs,ranging from Amtrak to the Transportation Security Administration. Isthis the “targeted” plan Democratic leaders promised?
7. Eventhough the legislation contains at least 152 separate spendingproposals, the authors of the plan can only say that 34 have any chanceat keeping or growing jobs.
8. Just one in seven dollars of an$18.5 billion expenditure on “energy efficiency” and “renewable energyprograms” would be spent within the next 18 months.
9. The totalcost of this one piece of legislation is almost as much as the annualdiscretionary budget for the entire federal government.
10. TheHouse Democrats’ bill will cost each and every household $6,700 inadditional debt, paid for by our children and grandchildren.
11.The bill provides enough spending – $825 billion – to give every man,woman, and child in America $2,700. $825 billion is enough to giveevery person in Ohio $72,000.
12. $825 billion is enough to give every person living in poverty in the United States $22,000.
13.Although the House Democrats’ proposal has been billed as atransportation and infrastructure investment package, in actuality only$30 billion of the bill – or three percent – is for road and highwayspending. A recent studyfrom the nonpartisan Congressional Budget Office found that only 25percent of infrastructure dollars can be spent in the first year,making the one year total less than $7 billion.
14. Much of thefunding within the House Democrats’ proposal will go to programs thatalready have large, unexpended balances. For example, the bill provides$1 billion for Community Development Block Grants (CDBG) – a programthat already has $16 billion on hand. States also are sitting on some$9 billion in unused highway funds – funds that Congress is prepared torescind later this year.
15. All board members of the“Accountability and Transparency Board” created by this legislation areappointees of the President; none will be appointed by Congress.
16. A scant 2.7 percent, or $22.3 billion of the overall package, is dedicated to small business tax relief.
17.The Joint Committee on Taxation estimates that the legislationincreases by seven million the number of people who get a check backfrom the IRS that exceeds what they paid in payroll and income taxes.
18. The “Making Work Pay” tax credit at the center of the plan amounts to $1.37 a day, or about the price of a cup of coffee.
19.Almost one-third of the so-called “tax relief” in the House Democrats’bill is spending in disguise, meaning that true tax relief makes uponly 24 percent of the total package – not the 40 percent thatPresident Obama had requested.
20. $825 billion is just thebeginning – many Capitol Hill Democrats want to spend even moretaxpayer dollars on their “stimulus” plan. In fact, the Chairman of theHouse Appropriations Committee, Rep. David Obey (D-WI), told Roll Call earlier this month, “I would not be surprised to see us go further on some of these programs down the line.”
When does the bleeding stop?
Rooster
1. The $825 billion package slated for a House vote later this weekwill exceed more than $1.1 trillion when adding in the interest ($300plus billion) between 2009-2019 to pay for it.
2. The Capitol Hill Democrats’ plan includes funding for contraceptives;regardless of where anyone stands on taxpayer funded contraception,there is no question that it has NOTHING to do with the economy.
3. The legislation could open billions of taxpayer dollars to left-wing groups like the Association of Community Organizations for Reform Now (ACORN),which has been accused of voter fraud, is reportedly under federalinvestigation; and played a key role in the housing meltdown.
4. Here are just a few of the programs and projects that have been included in the House Democrats’ proposal:
· $650 million for digital TV coupons.
· $600 million for new cars for the federal government.
· $6 billion for colleges/universities – many which have billion dollar endowments.
· $50 million in funding for the National Endowment of the Arts.
· $44 million for repairs to U.S. Department of Agriculture headquarters.
· $200 million for the National Mall, including $21 million for sod.
5.The plan establishes at least 32 new government programs at a cost ofover $136 billion. That means more than a third of this plan’s spendingprovisions are dedicated to creating new government programs.
6.The plan provides spending in at least 150 different federal programs,ranging from Amtrak to the Transportation Security Administration. Isthis the “targeted” plan Democratic leaders promised?
7. Eventhough the legislation contains at least 152 separate spendingproposals, the authors of the plan can only say that 34 have any chanceat keeping or growing jobs.
8. Just one in seven dollars of an$18.5 billion expenditure on “energy efficiency” and “renewable energyprograms” would be spent within the next 18 months.
9. The totalcost of this one piece of legislation is almost as much as the annualdiscretionary budget for the entire federal government.
10. TheHouse Democrats’ bill will cost each and every household $6,700 inadditional debt, paid for by our children and grandchildren.
11.The bill provides enough spending – $825 billion – to give every man,woman, and child in America $2,700. $825 billion is enough to giveevery person in Ohio $72,000.
12. $825 billion is enough to give every person living in poverty in the United States $22,000.
13.Although the House Democrats’ proposal has been billed as atransportation and infrastructure investment package, in actuality only$30 billion of the bill – or three percent – is for road and highwayspending. A recent studyfrom the nonpartisan Congressional Budget Office found that only 25percent of infrastructure dollars can be spent in the first year,making the one year total less than $7 billion.
14. Much of thefunding within the House Democrats’ proposal will go to programs thatalready have large, unexpended balances. For example, the bill provides$1 billion for Community Development Block Grants (CDBG) – a programthat already has $16 billion on hand. States also are sitting on some$9 billion in unused highway funds – funds that Congress is prepared torescind later this year.
15. All board members of the“Accountability and Transparency Board” created by this legislation areappointees of the President; none will be appointed by Congress.
16. A scant 2.7 percent, or $22.3 billion of the overall package, is dedicated to small business tax relief.
17.The Joint Committee on Taxation estimates that the legislationincreases by seven million the number of people who get a check backfrom the IRS that exceeds what they paid in payroll and income taxes.
18. The “Making Work Pay” tax credit at the center of the plan amounts to $1.37 a day, or about the price of a cup of coffee.
19.Almost one-third of the so-called “tax relief” in the House Democrats’bill is spending in disguise, meaning that true tax relief makes uponly 24 percent of the total package – not the 40 percent thatPresident Obama had requested.
20. $825 billion is just thebeginning – many Capitol Hill Democrats want to spend even moretaxpayer dollars on their “stimulus” plan. In fact, the Chairman of theHouse Appropriations Committee, Rep. David Obey (D-WI), told Roll Call earlier this month, “I would not be surprised to see us go further on some of these programs down the line.”
When does the bleeding stop?
Rooster
