Pelosi-Reid-Obama Central Planning

WedNEWSday - January 28th, 2009

Our friends at The Heritage Foundation tell us why “spending does not equal stimulus.”

Here are some of the highlights of “Stimulus 101″:

HIGH COST

• After Congress appropriates the FY’09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
  The current “stimulus bill” will be the LARGEST SPENDING BILL EVER enacted by Congress, making the New Deal look small, accounting for inflation.
• The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.
• If all families were asked to equally shoulder the burden of $825 Billion, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.
• If Government Spending solved recessions, we would never have recessions.

BAD IDEAS

• Expanded Medicaid coverage and SCHIP: Reid-Pelosi-Obama are enacting a nationalized health care policy with no debate. The government will soon be responsible for more health care spending than the private sector, i.e. socialized medicine.
• Green Jobs?: The myth of ‘green jobs’ merely means replacing one job lost, with a new job that fits the left’s agenda. It is a zero sum game. More than doubling spending, the stimulus also has over $35 billion for the Dept. of Energy. DOE’s current budget is $23.8 billion.
• Family Planning and birth control for children, immigrants and the wealthy, which could also be used as a backdoor to allow federal funding of abortions. How is this stimulus?  **UPDATE: Nancy Pelosi agrees this is not stimulus and has removed it from the bill proving these measures are allergic to sunshine.**
• Redistribution: Refundable Tax Credits for people who don’t pay taxes.
• Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).

This from The Heritage Foundation - January 27th, 2009

http://blog.heritage.org/2009/01/27/stimulus-101-the-pelosi-reid-obama-debt-plan/

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