For that I am proud.
More than 70 percent of all the spending that was approved in this bill should have been individual expenditures that were taken up, debated and voted on in their own right.
Most of the spending in this historic bill is not at all related to stimulating the economy and that which is designed to stimulate the economy will not take effect for years as is the case for monies dedicated to highways and school construction.
The non-partisan Congressional Budget Office states “much of the stimulus may not come until after the economy has begun to recover”.
According to the C.B.O. $5 billion of the $30 billion set aside for highway spending would be spent within the next two years. About $2.6 billion of $18.5 billion for renewable energy programs would be spent by then. About $907 million of a $6 billion plan to expand broadband access in rural and other underserved areas would be spent by 2011.
In the mean time where is some of that money immediately going?
Well $335 million is going towards the prevention of sexually transmitted diseases, $2.4 billion is going to a cap on carbon transmissions, $16 miliion for a smoking cessation measure, $50 million to the National Endowmnent for the Arts, $1 billion to Amtrak, $7.7 Billion to federal buildings, $600 million to federal cars and $400 million is going into the studying of global warming.
That does not include a myriad of personal pet projects that Democratic lawmakers are pumping into their own districts to help assure their reelections nor does it include the overnight doubling of the department of Educations budget.
This is not stimulus it is social engineering.
Under the auspices of an economic emergency Congress just approved the delivery of the worlds largest Christmas gift. Of course like everything else Congress does, it is late but to make matters worse it is defective.
For those of you who thought that Bernie Madoff’s ponzi scheme was a scandal of epic proportions, well you just witnessed a government ponzi scheme that makes Madoff’s offenses seem like petty theft.
Very little of what this program was meant for is what it is going towards. Very little.
So I am proud of congressional Republicans. They stood together and they stood on principle and voted against this federal economic scam. I only wish they kept their principles when they were in control of Congress and held the majority. If they had, perhaps today they would still be in control of the house.
As for liberals, had they scaled this scam back and put the money into infrastructure development and other operations that would have trickled out into the private sector and created jobs through the private sector, it would not be a scam and I might say that they were on the right road to recovery. But they didn’t. Under their leadership and design this stimulus package has little to do with stimulus and everything to do with expanding the size of government, expanding government programs and increasing government control .
On top of that, does anyone not see how much of this money will be wasted and unaccounted for?
The government is going to spend it. The same government that could not monitor the lending practices of their own FannieMaes or FreddieMacs. The same government that loses 20 cents on every dollar that they spend .
Ladies and gentlemen, we have just witnessed the world’s greatest and most elaborate crime. Without a single call to the police we just wittiness 244 Democrats in the House of Representatives rip us all off.
Those of you liberals who approve of this crime may claim that Republicans created the need or opportunity for this scandal to arise. You will claim that Republican policies got us here but I can assure you that Republicans did not create the crisis and after this vote, we did not make it worse.
Much of the economic crisis that we are experiencing was ushered in not because of the low unemployment rates that existed for the past 6 of the last eight years. This problems was ushered in by a banking crisis that largely began after an over inflated housing market bubble burst. The inability to pay back loans in this area created a tightening of the lending markets and that tightening cut off the flow of money as we knew it.
Much of the problem could have been avoided if Barney Franks and Chris Dodd took John McCain’s advice and reevaluated our lending practices and if we put a stop to the Clinton initiatives which forced banks to hand out sub prime loans to people who could not afford to pay these loans back, but they didn’t.
So here we are today, witnessing the same people who created the problem offer up their solution to the problem.
Well ladies and gentlemen they didn’t solve anything, they simply made the problem worse and robbed us blind in the process.
It just goes to show you that even getting screwed these days costs a lot more than it used to.
Dear Abby, My husband is a lying cheat. . . .
. . . He tells me he loves me, but he has cheated our entire marriage. He is a good provider and has many friends and supporters. They know he is a lying cheat, but they just avoid the issue.
He is a hard worker but many of his co-workers are leery of him.
Every time he gets caught, he denies it all. Then he admits that he was wrong and begs me to forgive him. This has been going on for so long, everyone in town knows he is a cheat. I don’t know what to do.
You should dump him. Now that you are a Secretary of State, you don’t need him anymore.
Submitted by Marianne, Columbia, Md.
Help Shape New Jersey’s Republican Comeback In Jersey. Draft Senator Jennifer Beck for Lieutenant Governor.