The Obama Stimulus Plan

The Obama Stimulus Plan a.k.a Democratic Party Stimulus Act

Nearly $1 Trillion to 'save' our economy.

$1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years

$2 billion for child-care subsidies

$50 million for that great engine of job creation, the National Endowment for the Arts

$400 million for global-warming research (damn you Gore!)

$2.4 billion for carbon-capture demonstration projects

$650 million on top of the billions already doled out to pay for digital TV conversion coupons

$20 billion for business tax cuts

$600 million on new cars for federal agencies

$54 billion will go to federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as “ineffective” or unable to pass basic financial audits. These include the Economic Development Administration, the Small Business Administration, the 10 federal job training programs, and many more.

$66 billion Department of Education

$6 billion for colleges/universities – many which have billion dollar endowments.

$44 million for repairs to U.S. Department of Agriculture headquarters.

$136+ billion for 32 more government agencies. That means more than a third of this plan’s spending provisions are dedicated to creating new government programs

The House Democrats’ bill will cost each and every household $6,700 in additional debt, paid for by our children and grandchildren

$30 billion of the bill – or three percent – is for road and highway spending

$1 billion for Community Development Block Grants (CDBG) – a program that already has $16 billion on hand

2.7 percent, or $22.3 billion of the overall package, is dedicated to small business tax relief

$90 billion out of the $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus.

Plus interst! Roughly another $300 billion between 2009 and 2019 to pay for it all!

Final vote: 244-188. It was 242-190 moments before they gaveled it — with every last Republican voting no

"Great Nations fall becasue of the greed of the leaders, elected by the 'bought majority', and the apathy of the taxed." -- P.B.

"Meet the Main Stream Media, the P.R. firm of the Obama Administration."

Maybe it is time to 'defect' back into the hills of Kentucky, the land of my roots. Come out again in a few years and see how the nation and the world are doing. Decide then if the lunacy is over or not. Definitely somethign to think about.


1 comment:

Hal said...


Back to Kentucky! Yeah. I am tracking with you on that. I think the times are about to get a lot worse. It's why I'm increasing my savings and paying down debt as quick as I can. I'm tracking gold and silver too as I expect all this spending to move them through the roof.

I just read this report too and it doesn't make me all that happy: Bank Bailout Could Cost Up to $4 Trillion: Economists.