Posted on 01/30/2009 10:49:21 PM PST by Lorianne
I've been looking for a good breakdown of where this 'stimulus' is supposedly going.
http://pndblog.typepad.com/pndblog/2009/01/economic-stimulus-package-pie-chart.html
“Tax Cuts” are mislabeled, because they are really Welfare Payments to people who don’t pay taxes.
I’m not sure about the label “tax cuts” - I think some of that is payments but not cuts.
That's correct. Much of those are addtions to the existing Earned Income Tax Credit, a money back credit for low income earners. The person must earn "something," hence the name "Earned Income" in the title.
Who doesn’t like pie? Or 3.14..........
I don’t see ACORN on that.
The piechart doesn’t tell half the story. 75% of all this dough will go to bureaucrats, administrators and lawyers.
Where congress will be meeting from now on.
That’s fabulous!
That’s the God’s honest truth.
Gee...........all these labels are so benign......who could possibly be against it?
My first thought. I am struggling my way through a mountain of debt from my early 30’s. I make 50K a year spend nothing on myself, have a rabbit ear tv and am trying to rehab a rental property some short term renters vanished from. I rent in anouther state because of work so I am not reaping any benefit from this, just fixing AC and killing cockroaches that weren’t there when I lived there, doing general repirs on a month to month basis as cash comes in. I am willing to bet none of these tax cuts are for me. You can’t call it a tax cut just because you get a check when I pay taxes.
wow, 3% is for transportation improvements and all i ever hear about this bill is how many bridges and highways we are going to build...
by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus
$1 billion for Amtrak
$400 million for global-warming research
$2.4 billion for carbon-capture demonstration projects
$2 billion for child-care subsidies
$50 million for that great engine of job creation, the National Endowment for the Arts
$600 million more for the federal government to buy new cars (they already spend $3 billion a year on them)
$81 billion for Medicaid
$20 billion for food stamps
$36 billion for expanded unemployment benefits
$83 billion for people who don't pay income tax
$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
$66 billion on education - that's more than the entire Education Department spent a mere 10 years ago and is on top of the doubling under President Bush
$40 billion for broadband and electric grid development
$650 million on top of the billions already doled out to pay for digital TV conversion coupons
and of course:
$4.19 billion to ACORN and similar orgs
$335 million for STD prevention
$2.25 billion to national parks from representative Obey for his lobbyist son
Pay careful attention to the white slices on the pie chart. Those are the ones that will actually stimulate the economy.
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My favorite piece is “Temporary Increase in the Medicade Matching Rate”.
When was the last time government actually rolled back one of these entitlements. They are good with rolling back tax cuts, but the whole entitlement thing is a bit wishy washy.
This entire pie is only a small slice of the pie chart you’ll see 4 years from now.
That’s racist!
where does the acorn payout fall?
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