For the record, Newsweek, you can count me out.
Massive $800,000,000,000 spendfest passes 61-36.
Image ht gateway
500,000,000 every month huh.
Math Fail. This seems applicable:
Dude – take her word for it though:
No pork at all…
I took some screenshots of some fairly disgusting Facebook ads. All go to some freeloading douchenozzel’s website where he tries to sell you on how to get ‘free money from the government’. So let’s analyze them briefly:
I guess applying for ‘free’ grant money can be called a job… But then again – the grant payouts come from taxes taken from people who actually do real work. So congrats for being a leech on society, lazy suckling welfare scumbag.
Yeah, ‘From Obama’ = Redistributed from actual hard working American Taxpayers (aka. producers)
‘Giving Away’ = Paying you cash…from your own credit card. I’m surprised there’s no mention of Nigerian Kings…
I guess these ads have their worshipers target audience down though running on Facbook…
So how big is the resulting $1.2 trillion spending package? Big enough to dwarf any government program in history, even after adjusting for inflation. It’s bigger than the New Deal and the Iraq War combined. The interest alone will be costlier than going to the moon or the Louisiana Purchase. The $18 billion in bonuses paid legally by private Wall Street firms in 2008 – decried by the President as “shameful” – is vanishingly small in comparison (smaller even than the bill’s incremental food stamps expenditures).
The only relatively modest component of the spending bonanza is the money tagged for infrastructure and energy efficiency (the ostensibly stimulative part), which accounts for less than 14% of the total.
…The bailout has cost more than all of these big budget government expenditures – combined:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion
The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion).
You be the judge:
“Contraception will Reduce Cost for the State”
Ok – I get it. Not being born will mean less people the State has to pay for through entitlements that Nancy Pelosi fought to be put into place. That totally makes sense now.
But I thought she was elected for the children?!?
Here is the Wall Street Journal’s Appraisal of the Obama-Pelosi-Reid Generational Theft Act (emphasis mine):
We’ve looked it over, and even we can’t quite believe it. There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.
In selling the plan, President Obama has said this bill will make “dramatic investments to revive our flagging economy.” Well, you be the judge. Some $30 billion, or less than 5% of the spending in the bill, is for fixing bridges or other highway projects. There’s another $40 billion for broadband and electric grid development, airports and clean water projects that are arguably worthwhile priorities.
Add the roughly $20 billion for business tax cuts, and by our estimate only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus. And even many of these projects aren’t likely to help the economy immediately. As Peter Orszag, the President’s new budget director, told Congress a year ago, “even those [public works] that are ‘on the shelf’ generally cannot be undertaken quickly enough to provide timely stimulus to the economy.”
Oh, and don’t forget education, which would get $66 billion more. That’s more than the entire Education Department spent a mere 10 years ago and is on top of the doubling under President Bush. Some $6 billion of this will subsidize university building projects. If you think the intention here is to help kids learn, the House declares on page 257 that “No recipient . . . shall use such funds to provide financial assistance to students to attend private elementary or secondary schools.” Horrors: Some money might go to nonunion teachers.
Even more remarkable is this quote:
“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures. “There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”
Take a wild guess.
For the record – it passed in the House with ALL Republicans voting no, so feel free to thank the Democrats…