Stimulus? Porkulus, Screwulus Obama POTUS SCOTUS BAILOUT
I had written my senators, Judd Gregg and Jeanne Shaheen, almost three weeks ago to get their opinions on the screwulus bill. I have yet to hear back. Our congress people here in New Hampshire voted against the bill so for now I will leave them alone. President Obama had promised more than once during the campaign and again when he choose his budget director Peter Orszag. "We are going to go through our federal budget, as I promised during the campaign, page by page, line by line, eliminating those programs we don't need and insisting that those that we do need operate in a sensible, cost-effective way," said Obama here. I will save for another blog how the Prez is doing on his 500 or so campaign promises but trust me the score is not good so far.
What is in this bill is simply incredible, almost incomprehensible. Michelle Lambert blogged a few days ago about a revolutionary tipping point. Is a New American Revolution Morally Justified? His point is one of a tax rate that would cause a tipping point. While I think he is correct I would also state that if the public is fully aware of what is in this legislation that it becomes a very heavy straw on the camels back. When this bill was introduced there were a few facts published, as I blogged here. But now that this legislation has actually been voted on and passed in the house, there is a good chance it becomes law.
There are things in this bill like water slides for Florida, and condoms for foreign dicks, and billions for ACORN, the list is endless. The bill is 647 pages!
Two major points I would like to make. One, all money spent on existing programs will not be a one time expenditure because it increases the programs budget. And any new programs that are created will not disappear leaving those amounts to be funded for all of time. Two, the small amount of actual stimulus money, ya know the roads and bridges and stuff, won't be spent until 2010, just in time for re-election of these whores of our money. But wait, the president said we need to pass this quickly. Why? (because we will talk about it the longer it is pending, and we will contact our senators and threaten them, hint, hint)
The following link to a WSJ article that covers the major portion of the bill. Short read but to the point.
And just give you an idea of the amount of money we are talking about.....these are fun facts of $1 trillion.
If you spent $1 every second of every day 24/7 it would take you 31,407 years before you ran out of money.
If you spent $13.33 billion a year it would take you 75 years before you ran out.
If you keep $1 billion for yourself, you greedy bastard, you could still give away a million dollars to 999,000 people.
Your grandchild just got saddled with about $7,000.00 of additional debt if he or she was born today.
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