Gov?s $787 Billion Economic Stimulus Plan Breakdown
Now that its been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, its easier to get more details on exactly how its broken down. Did you know that $217 billion is allotted for state and local governments? Many of our presidents speeches touted the infrastructure and investments in efficient energy inventions but those only totaled $169.5 billion. Want to know the rest?
The Governments Economic Stimulus Plan Breakdown
Tax Cuts $244 Billion
$99B Payroll-Tax Holiday
$90B Business Expenses Tax Breaks
$25B Earned Income Tax Credit
$20B Renewable Energy Tax Credit
$10B Tuition Tax Credit
Aids For State and Local Gov $217 Billion
$87B Medicaid Cost Sharing
$79B State Grants
$42B State and Local Bond Tax Credit
$5B Community Development
$4B Rural Development
Relief $120 Billion
$42B Expanded Unemployment Insurance
$40B Health Insurance for Unemployed
$20B Expanded Food Stamps
$11B Housing Assistance
$4B- Supplemental Social Security Income Payments
$3B Welfare
Infrastructure $101 Billion
$30B Highways
$20B School Renovation
$17B Health Information Technology
$13B Transportation Projects
$8B Water Projects
$7B Military and V.A. Construction
$6B Accelerated Deployment of Broadband
Energy Efficiency $59.5 Billion
$22B Federal Energy Efficiency Grants
$19B Other Energy Efficiency Grants
$11B Smart Electric Grid
$8B Renewable Energy Loan Guarantees
Human Capital $45.5 Billion
$25B Education Programs
$15B Federal Pell Grants
$4B Job Training
$2B Scientific Research
COMMENTS
Why the Hell didn't we just put ALL OF THE MONEY INTO THE DANG INFRASTRUCTURE UP FRONT INSTEAD OF ALL THE BS.
Riddle me this. Fix a bridge, people get jobs they pay taxes. Those supplying and delivering the steel and concrete get more jobs and pay taxes. The area of the construction gets money from the workers and taxes get collected. and etc..............
Wouldn't all these JOBS HAVE GENERATED MONEY FOR THE STATES AND LOCAL GOV'TS ANYWAY?
Only 101 BILLION ON INFRASTRUCTURE. But hey, we needed animal crossings in Florida. Ummm we needed a tattoo parlor. Needed a HALF BILLION FOR A FAILING BUSINESS.
I.e. WE WASTED ALOT OF DANG MONEY.