With countless news stories, papers, editorials and experts givingtheir view of why Congress should or shouldn’t enact thePelosi-Reid-Obama Debt Plan, we thought it would be helpful to give youa short index of why spending does not equal stimulus.
HIGH COST TO AMERICAN TAXPAYERS
- After Congress appropriates the FY’09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
The current “stimulus bill” will be the LARGEST SPENDING BILL EVER enacted by Congress, making the New Deal look small, accounting for inflation. - The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.
- If all families were asked to equally shoulder the burden of $825Billon, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.
- If Government Spending solved recessions, we would never have recessions.
BAD IDEAS – “THE DEVIL IN DISGUISE”
The hidden liberal policy agenda inside the ‘stimulus bill’…
- Over $142 Billion in Federal education funds:Nearly double the total outlays for the Dept. of Education in 2007 –making good on Reid-Pelosi-Obama education promises to the NEA.
- $87 Billion Medicaid bailout: Medicaid is fundedby a formula that matches state spending levels with federal dollars.If we keep bailing states out, they will have every incentive tocontinue irresponsible spending. Fiscally responsible taxpayers in Indiana are now paying for fiscally irresponsible bureaucrats in Illinois.
- Expanded Medicaid coverage and SCHIP: Reid-Pelosi-Obama are enacting a nationalized health care policy with no debate. The government will soon be responsible for more health care spending than the private sector, i.e. socialized medicine.
- Green Jobs?: The myth of ‘green jobs’merely means replacing one job lost, with a new job that fits theleft’s agenda. It is a zero sum game. More than doubling spending, thestimulus also has over $35 billion for the Dept. of Energy. DOE’scurrent budget is $23.8 billion.