What Is Congress Stimulating?

Discussion in 'Congress' started by Skull Pilot, Feb 5, 2009.

  1. Skull Pilot
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    Skull Pilot Platinum Member

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    Wonder Land: Daniel Henninger Looks at How Much 'Stimulus' Money Will Be Spent on Government Infrastructure - WSJ.com

    Check your PC's virus program, then pull down the nearly 700 pages of the American Recovery and Reinvestment Act. Dive into its dank waters and what is most striking is how much "stimulus" money is being spent on the government's own infrastructure. This bill isn't economic stimulus. It's self-stimulus.

    (All sums here include the disorienting zeros, as in the bill.)

    Title VI, Financial Services and General Government, says that "not less than $6,000,000,000 shall be used for construction, repair, and alteration of Federal buildings." There's enough money there to name a building after every Member of Congress.

    The Bureau of Land Management gets $325,000,000 to spend fixing federal land, including "trail repair" and "remediation of abandoned mines or well sites," no doubt left over from the 19th-century land rush.

    The Centers for Disease Control and Prevention are getting $462,000,000 for "equipment, construction, and renovation of facilities, including necessary repairs and improvements to leased laboratories."

    The National Institute of Standards gets $357,000,000 for the "construction of research facilities." The Oceanic and Atmospheric Administration gets $427,000,000 for that. The country is in an economic meltdown and the federal government is redecorating.

    The FBI gets $75,000,000 for "salaries and expenses." Inside the $6,200,000,000 Weatherization Assistance Program one finds "expenses" of $500,000,000. How many bureaucrats does it take to "expense" a half-billion dollars?

    The current, Senate-amended version now lists "an additional amount to be deposited in the Federal Buildings Fund, $9,048,000,000." Of this, "not less than $6,000,000,000 shall be available for measures necessary to convert GSA facilities to High-Performance Green Buildings." High performance?

    Sen. Tom Coburn is threatening to read the bill on the floor of the Senate. I have a better idea: Read it on "Saturday Night Live.":lol::lol:

    Such as the amendment to Section 2(3)(F) of the Longshore and Harbor Workers' Compensation Act, which will permit payments to guys employed to repair "recreational vessels." Under Incentives for New Jobs, we find a credit to employ what the bill calls "disconnected youths," defined as "not readily employable by reason of lacking a sufficient number of basic skills."

    President Obama is saying the bill will "create or save" three million new jobs. The bad news is your new boss is Uncle Sam.
     
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  2. rayboyusmc
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    rayboyusmc Senior Member

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    Let's just stick with your tax cuts. They did a really great deal the last eight years.

    If you continue to do what you already done, you'll never get more than you've already got.

    Right, lets keep up the path of the last eight years that got us into this shit.
     
  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The last 8 years that got us into this? More like the last 96 years, seeing as it's the Federal Reserve that primarily got us into this mess.

    Cutting taxes and cutting government spending would be just what the doctor ordered right about now. That and abolishing the Fed, of course.
     
  4. Zoomie1980
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    Zoomie1980 Senior Member

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    All but the Federal building repairs have been stripped in the Senate Version....
     
  5. Zoomie1980
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    Zoomie1980 Senior Member

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    Bush Tax cuts had nothing to do with this crisis. Artificially low interest rates and lack of regulation on market excesses caused it.
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    I would say too much regulation helped cause it.
     
  7. DiveCon
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    DiveCon gone

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    exactly, the government stepping in and forcing high risk loans
     
  8. Zoomie1980
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    Zoomie1980 Senior Member

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    Certainly regulation forcing lending to undesirable risky consumers was part of it, but most of the excess in housing and failed mortgages were the house flippers, not low income people buying starter homes. People were using 125% loans to flip $500,000+ properties and buy two the next time, then four, then eight, with the feeling those homes would continue to appreciate at 10% forever, ensuring hefty profit. When the FELL 10% instead, the whole house of cards came tumbling down, especially the derivatives based on these ridiculous loans.

    The LACK of regulation had to do with making these derivative and packages ILLEGAL, and restricting loans to traditional 80% of appraised value....
     
  9. Zoomie1980
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    Zoomie1980 Senior Member

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    Not really forcing, but allowing...... The dollar value of foreclosures on low income starter homes is less than 10% of the total. Most of the failures are from the house flippers....
     
  10. Charles_Main
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    Charles_Main AR15 Owner

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    QUESTION:What Is Congress Stimulating?

    ANSWER:The Wallets of Every special interest group and Left wing organization that supported them.
     
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