Wednesday, January 28, 2009

A 40-Year Wish List

Congress is poised to pass a 825 billion dollar "stimulus package" to fix the economy. So go read this bit over at WSJ and tell me where the stimulus is? The editorial is titled "A 40-Year Wish List" and that about says it all.
  • $2 billion for child-care subsidies
  • $50 million for the National Endowment for the Arts
  • $400 million for global-warming research [Why more research. I thought we already had a consensus?]
  • $2.4 billion for carbon-capture demonstration projects
  • $650 million for digital TV conversion coupons [I've always thought of TV as a luxury. Go buy your own converter box or do without]
  • $30 billion for fixing bridges or other highway projects.
  • $40 billion for broadband and electric grid development, airports and clean water projects
  • $1 billion for Amtrak [Just nationalize it already]
  • $600 million for the federal government to buy new cars [Drive the ones you got for another year]
  • $7 billion for modernizing federal buildings and facilities
  • $81 billion for Medicaid
  • $36 billion for expanded unemployment benefits
  • $20 billion for food stamps
  • $83 billion for the earned income credit for people who don't pay income tax
  • $6 billion to subsidize university building projects
  • $6 billion to expand broadband Internet access
  • $16 billion to repair public housing
  • $6 billion to weatherize modest-income homes
  • $79 billion in state fiscal relief
  • $4 billion for state and local law enforcement funding
  • $20 billion for health information technology

I'm sure with 600+ pages of bill this is only a sampling of what's in it. The infrastructure projects will arguably stimulate the economy, but based on the sample pushing a social agenda and paying off political debts are sthe primary intent not stimulus.

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