Thursday, February 12, 2009

Fievel And His Friends Get Stimulus!

There is a $30 million provision for wetland restoration to protect the salt marsh harvest mouse in San Francisco!

Have you had enough of this nonsense?
Americans ought to demand that this "stimulus" pork spending bill be stopped, pulled back and redrawn.

Read the bill yourself. It's 1,434 pages long and has been fast-tracked (line-outs stop on page 677). I will wager no legislator has read the entire thing, nor knows what's in it. The public is being sold a ginormous bill of goods with regard to how this will "help the economy"

According to Americans for Limited Government President Bill Wilson, this legislation is
“a symbol of the complete and utter waste of tax dollars contained in a bill which proponents claim will 'save' the economy.Instead of 'saving' the economy, Congress, led by House Speaker Nancy Pelosi, is concerned with saving mice. The American people now know they've been lied to. There was supposed to be no pork in this bill. This trillion dollar spending bill Congress will vote on in the next few days will only divert precious, critical capital away from the private sector by dramatically and permanently increasing government spending, thereby increasing the financial burden government poses to the economy and to future generations. Leaders of Congress are exploiting the economic crisis to pay off key political constituencies: state governments, public employee unions, transportation and construction unions, the environmental lobby, the education lobby, and of course, delivers hundreds of billions of pork all across the nation. Congress has decided not to even address the root causes of the current economic calamity: easy money from the Fed coupled by the massive expansion of credit and lending"
Senator Tom Coburn (R-OK), said that the Senate version of the bill “will add $10,800 of debt to every American family…” and he cited a Congressional Budget Office report that predicts that this piece of legislation will cause our GDP to shrink over the long term. Additionally, they say that the projected deficit without this legislation this year is $1.2 trillion. The current national debt nears $10.7 trillion.

Congressional Democrats (and at least 3 Republicans) met in conference in the past two days after different versions of the "stimulus" bill were passed in their respective chambers, and came up with a version of the bill that will be voted on tomorrow. They have fast-tracked this bill to light speed - allowing only 48 hours for the conference report to be viewed publicly before being voted on.

The pork filled spending bill that they say will help the economy now totals $789 billion, or $1.1 trillion after interest.

Here's what it contains:
- around $97 billion in new spending programs
- $92 billion of expansions of existing federal programs.
- $53.6 billion for states to balance their budgets
- $45 billion of which boosts education spending
- $50 billion in green energy subsidies and tax credits
- $55 billion for transportation projects
- Groups like ACORN will be eligible for up to $2 billion in neighborhood stabilization funds
- Extension of food stamps and unemployment benefits
- Builds and refurnishes federal buildings
- Provides more money for public housing
- Dollars for climate change supercomputers
- Money for erection of trade barriers overseas
- Creates refundable tax credits
- Provides for high-speed Internet service.

There is little here that puts money in the hands of people immediately - as most of these projects won't begin for another year.

There is nothing in there that will give RV jobs back to those folks in Elkhart.
There is nothing in there that will help people losing their homes in Fort Myers.

Workers stand to get a whopping $13 a week more in their paycheck as economic stimulus. (Please guys - now don't spend it all in one place!)

This legislation will put our country deeper in debt.

Obviously the stock market didn't like it much either.

From An American Tail:
Mama Mousekewitz: It's the end of the world.
Papa Mousekewitz: No, it's worse.