Skip to content

The Truth About Obama’s Stimulus Plan

January 19, 2009

  obamafingerBy now you have heard much about President-elect Obama’s New New Deal, what some are already calling the Raw Deal, otherwise known as his stimulus package that is going to cost us over $800 trillion. You have also heard Obama say that this is a massive infrastructure bill to repair bridges and roads while putting millions of Americans back to work.

 However when you remove the Obama spin machine from the equation and start to look at the numbers it isn’t really an infrastructure related bill. Just take a look at these numbers from this article:

Although the House Democrats’ proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill — or three percent — is for road and highway spending. A recent study from the Congressional Budget Office said that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion for infrastructure.

 Only three percent of the money is actually allotted to infrastructure. THREE PERCENT! Let’s look at where the other money is going:

Much of the funding within the House Democrats’ proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG), which already have $16 billion on hand. 

 Much of the money is going to programs that haven’t even spent the government money that they have already received. This is insane. Let’s dig a little deeper and look at some of the pork that is going onto this bill that Obama promised would contain no pork.

  • $650 million for digital TV coupons.
  • $6 billion for colleges/universities — many which have billion dollar endowments.
  • $166 billion in direct aid to states — many of which have failed to budget wisely.
  • $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 grass planting.
  • $400 million for “National Treasures.”

 We are going to pay to plant grass at a mall, isn’t that nice?

 This plan is a disaster waiting to happen. This country is about to spend itself into irrelevance. Where is this money going to come from? You and I. And China, if they are still winning to loan us more money. We can’t continue to spend money we don’t have and we certainly can’t tax the people any more than they are already being taxed if we want to get the economy back on track. And speaking of taxes there is this little tidbit also:

that true tax relief makes up only 24 percent of the total package — not the 40 percent that President-elect Obama had requested.

 There is a reason why the president-elect has kept the details of this plan quiet and the more we find out about it the more we understand why.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to Ma.gnoliaAdd to TechnoratiAdd to FurlAdd to Newsvine

2 Comments leave one →
  1. Peeple's avatar
    Peeple permalink
    January 20, 2009 7:23 am

    Jesus. Do you know anything about our nation?

    “We are going to pay to plant grass at a mall, isn’t that nice?”

    The National Mall is where the Lincoln, Vietnam, Washington Monument, Smithsonian Museums, and Capitol building are located. This is one of the most highly trafficked areas in the country and the grass is regularly killed by heavy foot traffic, pet urine, climate, etc. The rest of the money is for repairs to monuments. See unlike the Greeks and the Romans our monuments are not built to last and eternity, because then you can’t have maintenance contracts as bargaining chips.

    But don’t worry this is just for show and does not include other parts of D.C.. You go 8 blocks in any direction away from the mall and you will be standing in ghetto complete with street walkers and burned out cars. Where was your skepticism when Bush was dolling out money to protect places from terrorist attack, like petting zoos.

    “This country is about to spend itself into irrelevance.”

    It started doing this decades ago. We are seeing the culmination of efforts started with Nixon. Nothing our country has done since then has been sustainable, government spending, economic growth, energy policy, foreign policy, etc. It is all coming crashing down on our heads like the “moonbat conspiracy theorists” warned nearly 4 decades ago.

    Let me clue you in on something. The problems we face now are the exact same problems we had in the 70s. Job loss over seas, dependence on foreign oil, out of control government spending, the list goes on. Both parties have been in power, both parties have had ample opportunity to change things. Nothing has changed. Our political system is a WWF show.

    Like

  2. whiteamericanpatriot's avatar
    whiteamericanpatriot permalink
    January 20, 2009 11:59 am

    Hey People,
    Please refrain from blaspheming the name of my lord.
    That said, you are intentionally missing the point. Giving you the benefit of the doubt that you are being obtuse rather than just that dull.
    The point here is that this so called stimulus package is just a thinly veiled business as usual example of pork barrel spending.
    The new boss is the same as the old boss.
    And if we the people do not use ever means available to us to speak out against the degradation of our political system then we will soon find ourselves forced to use less civilized means to correct the system. Which will require a complete system reboot, so to speak.
    Booth.
    P.S. $200 million buys a lot of grass. I do not believe that the money is going to what they say it is but rather just another way to rob us the people.

    Like

Leave a comment