The Anchoress is SPOT ON with this post.
No more words needed.
(Photo credit: FoxNews)
Updated: Investors Business Daily has an insightful take on the provision that requires only American steel in the infrastructure projects.
$44 million for repairs at the Agriculture Department headquarters in Washington.
$200 million to rehabilitate the National Mall.
$360 million for new child care centers at military bases.
$1.8 billion to repair National Park Service facilities.
$276 million to update technology at the State Department.
$500 million for the Transportation Security Administration to install bomb detectors at airports.
$600 million for General Services Administration to replace older vehicles with alternative fuel vehicles.
$2.5 billion to upgrade low-income housing.
$400 million for NASA scientists to conduct climate change research.
$426 million to construct facilities at the Centers for Disease Control and Prevention.
$800 million to clean up Superfund sites.
$150 million for the Coast Guard to repair or remove bridges deemed a hazard to navigation.
$6.7 billion to renovate and improve energy efficiency at federal buildings.
$400 million to replace the Social Security Administration's 30-year-old National Computer Center.
Again, I know that this bill will morph and change as it goes through the process, but there is a LOT of change it needs to do. The problem with this thing is that so much of this spending is not going to revive the economy. It's just not. The main thing economists believe would revive the economy would be tax cuts and there are precious few of those. The Read the Stimulus site (linked above) is great and has easy and helpful links to specific portions and discussions. Take a look. It's YOUR money.Visit msnbc.com for Breaking News, World News, and News about the Economy
Galt: "You want me to be Economic Dictator?"
Mr. Thompson: "Yes!"
"And you'll obey any order I give?"
"Implicitly!"
"Then start by abolishing all income taxes."
"Oh no!" screamed Mr. Thompson, leaping to his feet. "We couldn't do that . . . How would we pay government employees?"
"Fire your government employees."
"Oh, no!"
Abolishing the income tax. Now that really would be a genuine economic stimulus. But Mr. Obama and the Democrats in Washington want to do the opposite: to raise the income tax "for purposes of fairness" as Barack Obama puts it.
And trust me, Bush and the Republicans are not blameless in this either, despite the seeming slant of Moore's conclusion here. Apologies for the heavy cut 'n paste post but I've got to run dust off my copy of Rand's book.