Friday, January 30, 2009

And More PORK!

As was reported yesterday - On Wednesday (1/28/09, the House passed what is being called a “Stimulus Bill”. As we also reported, the Bill has very little Stimulus and an abundance of “Pork”: so much Pork in fact, it has been dubbed the “Porkulus” bill.).

We incorrectly reported that the bill appropriated about $900 billion, we now know that that amount is at least $1.17 Trillion.

We also have ore details on the authorizationS:

- $1 billion for Amtrak, which has not earned a profit in four decades
- $2 billion to help subsidize child care
- $400 million for research into global warming (Isn’t this an infallible truth?)
- $2.4 billion
for projects to demonstrate how carbon greenhouse gas can be safely removed from the atmosphere.
- $650 million for coupons to help consumers convert their TV sets from analog to digital, part of the digital TV conversion.
- $75 million to fund programs to help people quit smoking.
- $21 million to re-sod the National Mall, which suffered heavy use during the Inauguration.
- $4.19 billion
to stave off foreclosures via the Neighborhood Stabilization
- $32 billion for a “smart electricity grid to minimize waste
- $53.4 billion for science facilities, high speed Internet, and miscellaneous energy and environmental program
- $20 billion over five years for an expanded food stamp program
- $13 billion to repair and weatherize public housing, help the homeless, repair foreclosed homes.
- $44 million to renovate the headquarters building of the Agriculture Department
- $20 billion for quicker depreciation and write-offs for equipment
- $10.3 billion for tax credits to help families defray the cost of college tuition
- $2.25 billion for national parks. *

* This item has sparked calls for an investigation, because the chief lobbyist of the National Parks Association is the son of Rep. David R. Obey, D-WI

The $2,25 billion is about equal to the National Park Service’s entire annual budget. The Washington Times reports it is a threefold increase over what was originally proposed for parks in the stimulus bill. Obey is chairman of the House Appropriations Committee.

Sen. David Vitter, R-La., charges the money appropriated for ACORN could appear to be a “payoff” for the partisan political activities community groups in the last election cycle.

Obama said in November that, “It will be a two-year, nationwide effort to jump start job creation in America, and lay the foundation for a strong and growing economy. We’ll put people back to work rebuilding our crumbling roads and bridges,”

However, Mark Zandi, chief economist for Moody’s, pointed out that most of the infrastructure spending in the plan won’t occur until 2010 or later.

Many of the 32 new government programs ($136 billion) , added by this bill, once established, are likely to permanent!.

This was not a stimulus bill. It was a spending bill.

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1 comment:

Jane E. said...

My son is an Economics Professor at an Ivy League university. Most of his colleagues are very Liberal!

He told me they have been discussing this bill and all agree that it will do nothing to stimulate the economy but it will grow government and will add about 600,000 to 700,000 civil service jobs over several years. They see no real private sectors jobs at all.