Monday, February 23, 2009

Analysis of The "Stimulus" Bill

Or if you want to call it the Porkulus Bill. There's billions of wasteful spending going to Federal gov't employees. For example:

  • $5.5 billion for making federal buildings "green"
  • $198 million to design and furnish the DHS headquarters
  • $75 million for the Smithsonian Institution
  • $300 million more for hybrid and electric cars for federal employees
  • $522 million for construction for the Bureau of Indian Affairs (There's a useless agency. Even the Native Americans don't like it.)
  • $100 million for constructing U.S. Marshalls office buildings. (Too bad they couldn't took this money and increased the U. S. Marshall's salary instead.)
  • $300 million for constructing Federal Bureau of Investigation office buildings
  • $2 billion for a FutureGen near-zero emissions powerplant in Mattoon, Illinois
  • $2 billion for manufacturing advanced batteries for hybrid cars
  • $75 million for salaries of employees at the FBI. (Actually I am not totally against this. All law enforcement deserve all the pay they get. Congress should have reduced the money for the FBI buildings and increased the money for their salaries.)
You can read more at the Reason.com website. In total this bill will cost the American public $800 billion. According to The Foundry it will actually cost $3.27 trillion.

Now, what's not in there that should be. There is no real tax cuts, that is no reduction in any of the tax rates. That more than anything would stimulate the economy and get people working like in Newt Gingrich's "12 American Solutions" plan. It's a pretty decent plan. A lot shorter than Obama's stimulus bill for sure. The E-Verify program was removed. That was an electronic system where employees could check if a potential employee was an illegal or not. Then again the Dems want the illegals over here. Here's a joke: What do Democrats call illegal aliens? Voters. Also, no money for border guards. Those guys need bullet proof vests and Uzis. I am serious. Security experts are saying Mexico is going to collapse. I just read on Stratfor.com there are three wars going on in Mexico: Drug gangs fighting each other. The gov't fighting the drug cartels and common criminals kidnapping people. It's really a mess over there. And if their country collapses where do you think the Mexicans are going to come? There is $10 million to fight Mexican gun-runners in the bill. That's good, but not enough. What about money for a border wall or fence?

It is said that no Congress person read the bill (except maybe for Nancy Pelosi--she wrote it). So, who knows what's completely in it? If I was in Congress and I was not allowed to read it completely before I voted on it--I would have voted against it. You don't allow me to examine it then I am not going to trust what is in it. That only makes sense.

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