• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

twenty facts about the Obama bail out

Are you for the Obama bail out plan?

  • No

    Votes: 0 0.0%
  • Yes

    Votes: 0 0.0%

  • Total voters
    0

Steve

Well-known member
Top 20 Fast Facts About the House Democrats’ Trillion Dollar Spending Plan

House Democrats Derail Bipartisan Process, Plow Ahead with Proposals to Fund Digital TV Coupons, Cars for Bureaucrats, and Contraceptives … In a Bill Allegedly About the Economy

Washington, Jan 26 - Earlier this month, when then-President-elect Obama met with Democratic and Republican congressional leaders, he laid out a vision of crafting a bipartisan economic recovery package focused on creating jobs and fast-acting tax relief. However, in the weeks since that meeting, Democratic leaders in Congress have taken that vision and turned it upside down, crafting a plan loaded with hundreds of billions in spending on programs and projects – most of which will not impact our ailing economy for many years, if ever, according to the nonpartisan Congressional Budget Office.

Rather than working with Republicans on a proposal that lets families, small businesses, entrepreneurs, and the self-employed keep more of what they earn to create jobs and help fix our economy, it seems congressional Democrats are prepared to barrel ahead with the same-old, same-old – more and more aimless spending – at a time when the American people expect so much more out of their elected officials in Washington. For a taste of just how badly Capitol Hill Democrats have strayed from the vision of a bipartisan plan to get our economy moving again, take a look at these 20 fast facts about their bloated plan:

1. The $825 billion package slated for a House vote later this week will exceed more than $1.1 trillion when adding in the interest ($300 plus 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 federal investigation; 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 of over $136 billion. That means more than a third of this plan’s spending provisions 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. Is this the “targeted” plan Democratic leaders promised?

7. Even though the legislation contains at least 152 separate spending proposals, the authors of the plan can only say that 34 have any chance at keeping or growing jobs.

8. Just one in seven dollars of an $18.5 billion expenditure on “energy efficiency” and “renewable energy programs” would be spent within the next 18 months.

9. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

10. The House Democrats’ bill will cost each and every household $6,700 in additional 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 give every 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 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 nonpartisan Congressional Budget Office found that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion.

14. 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) – a program that already has $16 billion on hand. States also are sitting on some $9 billion in unused highway funds – funds that Congress is prepared to rescind later this year.

15. All board members of the “Accountability and Transparency Board” created by this legislation are appointees 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 legislation increases by seven million the number of people who get a check back from 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 up only 24 percent of the total package – not the 40 percent that President Obama had requested.

20. $825 billion is just the beginning – many Capitol Hill Democrats want to spend even more taxpayer dollars on their “stimulus” plan. In fact, the Chairman of the House 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.”
 
A

Anonymous

Guest
Some of that changed today-- Obama had Waxman remove the contraceptives- and after meeting with and listening to the Republican leadership he is looking at putting more tax breaks/loan money in the package for small business...
 

Steve

Well-known member
Oldtimer said:
Some of that changed today-- Obama had Waxman remove the contraceptives- and after meeting with and listening to the Republican leadership he is looking at putting more tax breaks/loan money in the package for small business...

while it is a start... 18.5 for energy out of 835 billion...

less then 30 billion for infrastructure investment out of 835 billion..

22.5 billion in small business tax relief...

even if you could justify another 50 billion in spending with results..

That leaves 714 billion worth of worthless programs.. or over 85% of the Obama plan amount to wasted American Taxpayer money!
 

Steve

Well-known member
job creation for the cities

The Elevator Safety and Economic Opportunity Act of 2009 will preempt state regulation of elevators and will require that after March 1, 2009, no elevator shall carry passengers without being under the exclusive control of a qualified and certified elevator operator.

the ESEOA requires not just human operators, but certified operators. Many good jobs will be created for those providing the required training and those administering the certification process. Second, there is a technology component to the plan. While the first phase provides that the operators will use the existing pushbutton controls on the elevators, this is only a temporary expedient due to the exigencies of the economic crisis. The plan further requires that by December 31, 2010, all elevators must be fitted with purely manual controls. These will allow the operator to directly control the acceleration and deacceleration of the elevator, hence providing job enrichment for the operator and removing any temptation for building owners to revert to the old (and now illegal) automatic method of operation. These retroadvanced control systems will of course have to be designed and manufactured, providing many excellent jobs for mechanical and electrical engineers as well as skilled factory workers. And they will have to be installed, offering employment to thousands of electricians and elevator maintenance personnel all over the country.

The Elevator Safety and Economic Opportunity Act of 2009. Retrovertical transportation, to get our economy moving up again.

seems to stupid to pass...

It is claimed that it should not matter because gas prices are lower in these two states. Insurance costs for gas stations go down slightly if a "qualified attendent" is pumping the gas, but they must also pay for the cost of hiring an extra worker. Combined with varying taxes on gasoline between states, its true affect on gas price is anyone's guess. It is also claimed that having your own gas pumped for you is superior because drivers don't have to brave the elements and fiddle with the gas pump and their gas cap. With the exception of a few elderly and disabled persons, most people are perfectly capable of getting out of their car in a covered area for five minutes and place a nozzle in their gas tank. Another argument is that by forcing consumers to go to gas stations with attendents, it helps out the job market. Opponents argue that employing these people is merely a waste of money, and if jobs are needed, other opportunities could easily be created (i.e. city beatification). Regardless of the truth behind the matter, Oregon and New Jersey are keeping this law on the books and fully enforcing it.
 
Top