Today Obama got on the radio and one would swear we lived in Uganda or Nairobi as he and the other dem turncoats talk down the economy as they've been doing for years, then magically in two months Utopia will emerge with the MsM doing "stimulus reports" from all over the country showing us how many people are back to work fixing the America that "Bush neglected for a decade", I can picture it all now. It's all made for TV drama and they'll make this thing the prettiest and smartest boldest thing ever done, blah blah blago.
This old tired address has been repeated by him all week; today... now, must do or else, has to happen today, can;t live without it, America will crumble without his rescue plan, oh and the biggest line of crap America doesn't want a Democratic Solutio, or a Republican Solution....Except their getting a DEMOCRATIC SOLUTION whether we want it or not apparently.
Oh I see, it MUST BE DONE TODAY, HAS TO BE DONE TODAY, according to the chicken little democrats with Obama at the forefront of the fear mongering machine. The Great Oz has spoketh.
That's the most bothersome thing about this so called "immediate plan of action" tht doesn't even start in the first 16 months, only 20 % of this thing is ready to go or the newest catch phrase being "shovel ready". Better get the shovels out alright to shovel all the BS we'll be hearing.
Here's the financial timeline breakdown from CNS news:
The stimulus bill that passed the House, said the total cost of the bill (including both spending and tax cuts) was $815.8 billion. Of this $815.8 billion, according to CBO, $169.5 billion would go out in fiscal 2009, and $356 billion would go out in fiscal 2010. In other words, $525.5 billion of the $815.8 billion would be spent by the end of September 2010. That is 64.4 percent of the $815.8 billion total--not 75 percent. The other $290.3 billion will go out over the subsequent 9 fiscal years, according to CBO.
Economic Stimulus Package: Breaking Down The Stimulus Bill -
Economy * US * News * Story - CNBC.com: "A comparison of the $827 billion economic recovery plan drafted by Senate Democrats and moderate Republicans with a $820 billion version passed by the House. Additional debt costs would add about $350 billion or more over 10 years. Many provisions expire in two years.
SpendingAID TO POOR AND UNEMPLOYED:
--Senate -- $47 billion to provide extended unemployment benefits through Dec. 31, increased by $25 a week, and provide job training; $16.5 billion to increase food stamp benefits by 12 percent through fiscal 2011 and issue a one-time bonus payment; $3 billion in temporary welfare payments.
--House -- Comparable extension of unemployment insurance; $20 billion to increase food stamp benefits by 14 percent; $2.5 billion in temporary welfare payments; $1 billion for home heating subsidies and $1 billion for community action agencies.
DIRECT CASH PAYMENTS:
--Senate -- $17 billion to give one-time $300 payments to Social Security recipients, poor people on Supplemental Security Income, and veterans receiving disability and pensions.
--House -- $4 billion to provide a one-time additional Supplemental Security Income payment to poor elderly and disabled people of $450 for individuals and $630 for married couples.
INFRASTRUCTURE:
--Senate -- $46 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $11.5 billion for mass transit and rail projects; $4.6 billion for the Army Corps of Engineers; $5 billion for public housing improvements; $6.4 billion for clean and drinking water projects.
--House -- $47 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $12 billion for mass transit, including $7.5 billion to buy transit equipment such as buses; $31 billion to build and repair federal buildings and other public infrastructures; $12.4 billion in rail and mass transit projects continued
No comments:
Post a Comment
Some rules: No leftwing attacks nor Obama supporters so don't waste you're time & especially mine. All 99% others welcome to have your say.