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BRIBE $850 Billion Bill

Posted by FactReal on January 28, 2009

SENATORS ON SALE
Republicans reaching a comprimise
(2/06/2009):
Collins call her (202) 224-2523
Snowe call her (202) 224-5344
Specter call him (202) 224-4254

Send email and contact other senators as well: contact info.
(H/t: MichelleMalkin.com)

STIMULUS=SPENDING?
OBAMA NEEDS A DICTIONARY (2/5/2009)
The root of the problem with this “Stimulus” bill is that Obama thinks that stimulus equals spending. Ah?
How much money will government spend if they issue tax cuts for businesses and consumers!!!!!

Here is the “illuminated” Obama (go to minute 7:30)

 

 

Can someone give a dictionary to Obama? And not a marxist dictionary, pleeeasssee!
PS: Did you notice Obama’s derisive & contemptuous attitude towards the opposition.
Didn’t he promise bi-partisanship, humility, new era of politics? 

Is Obama turning into Howard Dean?

 

OBAMA, TRILLION-DOLLAR MAN (for now)
STIMULUS (BRIBE) PACKAGE BEING RAMMED BY OBAMA

The new $825 Billion proposal (plus $346 Billion in interest) includes:
More waste:
● $21 million for sod
● $200 million for the National Mall
● $600 million for new cars for the federal government
● $650 million for digital TV coupons
● $6 billion for colleges/universities
(many which have billion dollar endowments)
● $50 million in funding for the National Endowment of the Arts
● $44 million for repairs to U.S. Dept. of Agriculture headquarters
● billions of taxpayer dollars to left-wing groups like ACORN
● funding for contraceptives and the abortion industry

(eugenics-lover Democrat Nancy Pelosi said “contraception will reduce costs to the states and
to the federal government.”)
$75 million for smoking cessation
More lies:
● only 3% (or $30 billion) of the bill is for road and highway spending
● only 2.7 percent (or $22.3 billion) of the overall package, is for to small business tax relief (smal businesses are the main job providers in the nation)
More fallacies:
● Highway Spending: The Myth of the 47,576 New Jobs
“….before the government can spend $1 billion hiring road builders and pur­chasing asphalt, it must first tax or borrow $1 bil­lion from other sectors of the economy—which would then lose a similar number of jobs. In other words, highway spending merely transfers jobs and income from one part of the economy to another.” indicates Heritage
Bills text here:
ReadTheStimulus.org
Searchable text version of Senate & House Bribe Packages

WE CAN’T AFFORD OBAMA:
What the Stimulus Will Cost Working Families

 

To finance the $825 billion “stimulus” (bribe) package, it will take:

 
ONE YEAR budget for food, clothing, housing and health care of EVERY FAMILY will be needed
by either taxing it from future generations or borrowing even more funds.

- every family in the United States would be lending the federal government $10,520,

- or each family with children under the age of 18 would lend $22,445.

 

This money is being borrowed, meaning it will have to be repaid

 
(Hat tip: “Stimulus” you can’t afford, The Foundry)
 

 

 

 

 

GOVERNMENT SPENDING DOES NOT STIMULATE
Why Government Spending Does Not Stimulate Economic Growth
Most government spending has historically reduced productivity and long-term economic growth due to:
1. Taxes. Most government spending is financed by taxes, and high tax rates reduce incentives to work, save, and invest—resulting in a less motivated workforce as well as less business investment in new capital and technology.
2. Incentives. Social spending often reduces in­centives for productivity by subsidizing leisure and unemployment.
3. Displacement. Every dollar spent by politicians means one dollar less to be allocated based on market forces within the more productive pri­vate sector….politicians seize that money and earmark it for favored organizations with little regard for improve­ments to economic efficiency;
4. Inefficiencies. Government provision of housing, education, and postal operations are often much less efficient than the private sector. Government also distorts existing health care and education markets by promoting third-party payers, resulting in over-consumption and insensitivity to prices and outcomes. Another example of inefficiency is when politicians earmark highway money for wasteful pork projects rather than expanding highway capacity where it is most needed.

HISTORY: NEW DEAL = RAW DEAL

source: Heritage, report

HISTORY: TAX CUTS STIMULATE
Why Tax Rate Reductions Are More Stimulative Than Rebates: Lessons from 2001 and 2003

source: report

NOT A CONSENSUS, MR. OBAMA
200 Economists oppose Obama’s Bribe Proposal
More Economists comments in opposition
More analysis against the “Stimulus”

SOLUTIONS
Heritage
○ Instead of creating higher taxes for families by increasing government spending, policymakers should instead consider extending or making permanent the 2001 and 2003 tax reductions and should reduce individual, small business, and corporate taxes.
○ Extending these tax cuts and further reducing taxes would stimulate job production and increase gross domestic product, thereby improving our economy and shortening the length of the recession.
The Obama-Limbaugh Bipartisan Stimulus Plan of 2009
Proposed by Rush Limbaugh: “…54% voted for President Obama and 46% voted for Senator McCain. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009, $540 billion of the one trillion will be spent on infrastructure as defined by President Obama and the Democrats. The remaining $460 billion, or 46% that voted for Senator McCain, will be directed towards tax cuts, as determined by me. These tax cuts will consist primarily of capital gains tax cuts and corporate tax rate cuts. …Then we see which stimulus actually works and works the fastest…”

SEMANTICS
Call it stimulus, rescue, bailout…is all the same….BRIBE.

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14 Responses to “BRIBE $850 Billion Bill”

  1. Kate said

    Were are all your sources?

  2. FactReal said

    Look for the hyperlinks throughout the post.

  3. [...] BRIBE $850 Billion Bill [...]

  4. [...] Obama’s cocktail party celebrated the House passing the ”Stimulus” $850 Billion Bill. ● Obama celebrates Spending binge with cocktails and Wagyu steaks ● King Obama dines on $100 [...]

  5. [...] video: Here is the Obama speech (go to minute 7:30) ….BRIBE $850 Billion Bill [...]

  6. [...] Predict Recession Will End in 2009 Without Stimulus *CBO: Obama stimulus harmful over long haul *BRIBE $850 Billion Bill: breakdown of the waste, buying future Democrats votes *Bailouts so far…$8 TRILLION (11/26/2009) *Stimulus aids illegal immigrants, hurts Americans [...]

  7. [...] crisis. Why? To benefit Obama…the more bad news, the more likely we will accept his so-called Stimulus (aka Porkulus, Turbaconducken) bill and whatever he [...]

  8. [...] Obama and Democrats orgy-spending and expanding government at the same time. ○ Stimulus Bill became the Bribe $850 Billion Bill because Obama is using our taxpayer money to payback his interest groups and all the spending will [...]

  9. [...] BRIBE $850 Billion Bill [...]

  10. [...] Waste in Stimulus Bill: $21 Million for sod $200 Million for the National Mall $600 Million for new cars for the federal government $650 Million for digital TV coupons…and more… [...]

  11. [...] Waste in Stimulus Bill: $21 Million for sod $200 Million for the National Mall $600 Million for new cars for the federal government $650 Million for digital TV coupons…and more… [...]

  12. [...] Bailouts Summary (FactReal) ● Bailouts (CNN) ● HR1105: Earmarks in Omnibus bill (FactReal) ● HR1: Waste in “Stimulus” Bill (Obama) (FactReal) ● HR1: Analysis of Stimulus II (Obama) (CBO) ● HR1: Legislation Text of Stimulus II [...]

  13. [...] WASTE IN STIMULUS BILL: (Bill # HR1) $21 Million for sod $200 Million for the National Mall $600 Million for new cars for [...]

  14. [...] Obama’s stimulus would not work. As reported in 2009, facts and historical data show that government spending does not stimulate the economy: Why Government Spending Does Not Stimulate Economic Growth Most government spending has [...]

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