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A few very important facts about the Democrats' massive spending bill

I got this information from an email from the Republican Leader Press Office. The amount of money the Democrats want to spend is insane (emphasis mine):


  1. The House Democrats' bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.

  2. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

  3. President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs. This means that this legislation will spend about $275,000 per job. The average household income in the U.S. is $50,000 a year.

  4. The House Democrats' bill provides enough spending - $825 billion - to give every man, woman, and child in America $2,700.

  5. $825 billion is enough to give every person living in poverty in the U.S. $22,000.

  6. $825 billion is enough to give every person in Ohio $72,000.

  7. Although the House Democrats' proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill - or three percent - is for road and highway spending. A recent study from the Congressional Budget Office said that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion for infrastructure.

  8. Much of the funding within the House Democrats' proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG), which already have $16 billion on hand. And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used.

  9. In 1993, the unemployment rate was virtually the same as the rate today (around seven percent). Yet, then-President Clinton's proposed stimulus legislation ONLY contained $16 billion in spending.

  10. Here are just a few of the programs and projects that have been included in the House Democrats' proposal:

  11. * $650 million for digital TV coupons.
    * $6 billion for colleges/universities - many which have billion dollar endowments.
    * $166 billion in direct aid to states - many of which have failed to budget wisely.
    * $50 million in funding for the National Endowment of the Arts.
    $44 million for repairs to U.S. Department of Agriculture headquarters.
    * $200 million for the National Mall, including grass planting.
    * $400 million for "National Treasures."
  12. Almost one-third of the so called tax relief in the House Democrats' bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package - not the 40 percent that President-elect Obama had requested.

  13. $825 billion is just the beginning - many Capitol Hill Democrats want to spend even more taxpayer dollars on their "stimulus" plan.


This is way beyond big government. This is Fat Bastard big government: all bloated and gassy, a disgusting mess with its hairy belly hanging over its belt.


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Comments (34)

For comparison, please post... (Below threshold)
Brian:

For comparison, please post the similar analysis for the Bush/Paulson bailout plan.

For comparison, please p... (Below threshold)
Justice58:

For comparison, please post the similar analysis for the Bush/Paulson bailout plan.

Major Co-Sign!

Lets see it, Kim! Just for comparison sake.

Kim, According to my senato... (Below threshold)
bryanD:

Kim, According to my senator (Inhofe, R-OK), the Bush administration threatened to implement martial law if the $700B bankers' welfare package were not passed within 72 hours. The message was delivered by Treasury secretary Paulson. And by the way, the true cost will exceed $2trillion when (or if) the books are ever reconciled.

Interestingly, Prescott Bush attempted to recruit marine general Smedley Butler to overthrow the Roosevelt administration before it could take office, under similar emergency circumstances as now.

Shh, bD, the black copters ... (Below threshold)
epador:

Shh, bD, the black copters will home in on the transistor in your rectum if you give too much away.

Congress:
I'm bigger than you and higher up the food chain. Get in my belly.

I can't stop spending. I spend because you're unhappy, and you're unhappy because I spend. It's a vicious cycle. Now, if you'll excuse me, there's someone I'd like to get in touch with and forgive... myself.

This massive spending bill ... (Below threshold)
Mac Lorry:

This massive spending bill is a result of the research done on the great depression and the fact that the new deal, as big as that was, was not nearly enough to turn the economy around. Only when WW2 forced government spending into the stratosphere was the underlying cause of depression cured. Even this 825 billion won't do the job unless it's accompanied by some smart actions by Obama and his administration.

One of the big problems is the loss of confidence that's spreading like a disease. People hear the pundits on the news every night spreading the fear of massive and unprecedented doom and gloom, so people do what that can, they cut back on their spending. The loss of consumer confidence costs more jobs which fuels more media sensationalism, which causes more loss in consumer confidence, and we continue in a downward spiral. In a normal recession the pace of the downturn is much slower and after a year or two the public gets tired of the bad news and just tunes it out, which breaks the cycle.

This cycle of fear is not something new and was clearly stated in 1933. "Only Thing We Have to Fear Is Fear Itself -- Franklin D. Roosevelt " Today we have modern tools to combat the fear mongers who, misguided or malicious, promote this fear. No, it's not the 825 billion, I'm referring to precision munitions. Lets see gun camera footage of a laser guided bomb being delivered to the set of a news room as they are poisoning the minds of Americans with their endless assault on our confidence. Two or there nights of bombing and the recession would be over and for only a few billion dollars.

                             :-)

Hmm. $825 billion invested ... (Below threshold)
Steve:

Hmm. $825 billion invested in America, or $3 trillion invested in Iraq and companies in Dubai.

THOSE DAMNED DEMOCRATS!

brian - "For comparison... (Below threshold)
Marc:

brian - "For comparison, please post the similar analysis for the Bush/Paulson bailout plan."

And something is preventing you from doing it as a way to further this discussion?

What would that be, intellectual laziness, or a preference and propensity for childish snipe attacks that are your stock-in-trade?

Justice58 - Considering the... (Below threshold)
Marc:

Justice58 - Considering the alternative universe you presumably reside in - one with rainbows, unicorn rides for the kids, Gobment bailouts in every pot and TIVo'd obama speeches (minus the flip-flops) you may want to purchase a limited edition Barack Obama Sunbeam.

An obama sycophantic household wouldn't be complete without one.

Fiscal conservatives have b... (Below threshold)
hcddbz:

Fiscal conservatives have been complaining about spending of the Bush Administration. The only problem I have with spending for the Iraq war is the same problem I have with all government spending a lack of accountability. At least the War is one of the things congress is authorized to spend.
One of the issues I have with BHO pick for Treasury is, he is behind TARP, and all the Bailout decision with the banks. What has been the end result of all of that spending? If we really need to spend this money how about
1. Spending money on building Nuclear Power Plants to replace coal fire and oil power plants
2. Use existing gas taxes for roads and bridges.
3. 18 month reduction in corporate tax rates
4. 9 month reduction federal income tax for all wage earner above the 10%
5. Hiring IT personal to consolidate government IT, with the goal of eliminating duplication and waste. The Re-Inventing government paper can be used.
6. New emphasis on eliminating fraud form government programs.
7. A real look at what needs to be done with all the Toxic Paper
8. Elimination of F/M F/M
9. Whatever money states send to DC they get that money back.
10. Establish a date and create a real Social security trust funds for individuals and that money cannot be touched in anyway.
11. Protect our Borders.

The people you peopl... (Below threshold)
dr lava:


The people you people voted for TWICE have totally fxxked the country and you are complaining about the cost to fix it?

I realize the awareness factor at Wizbang is somewhere in the negative range but unless your trailers are deep deep in the woods you must be aware that this country is facing a total shit-storm courtesy of Bush and the morons that supported him.

The price tag you quote is way to low. You are clueless as to how BAD it is going to get.

Who needs Islamic fundamentalists when we have the GOP and the conservatives [whatever that is] bringing the country to its knees.

President Carter gave us tw... (Below threshold)
WildWillie:

President Carter gave us two digit inflation, two digit unemployment, two digit interest rates for home buying plus long gas lines, plus our embassy was overrun in Iran and Carter huddled in the corner like a girly man.

Now you lefties, who I assume by your comments have no real knowledge of history, keep saying our country is fxxked. This is why we conservatives write you off as BDS. You make no sense. Just like you say Bush is like Hitler, worst economy since the depression, gosh. You guys prove how uneducated you are. ww

Justice58 - Considering ... (Below threshold)
Justice58:

Justice58 - Considering the alternative universe you presumably reside in - one with rainbows, unicorn rides for the kids, Gobment bailouts in every pot and TIVo'd obama speeches

Marc,

Your George Bush ran the country into the ground. The bankers welfare bailouts happened on his clock, you moron. And after they greedily received the welfare money....told everyone dog kiss my @ss on how it's going to be used. And you have the nerve to speak ill of Democrats.

You can kiss my entire black @ss!

dr lava,It's so gr... (Below threshold)
Mac Lorry:

dr lava,

It's so great of you to brighten our day by displaying your profound ignorance for all to see. Blame it all on Bush regardless of reality shows you have a classic case of BDS. Obama is free to move to the center politically because he knows none of the BDS infected left wingers can ever vote Republican. You were a useful idiot, but now you're just irrelevant.

Fauxbama keeps lying, err, ... (Below threshold)
GianiD:

Fauxbama keeps lying, err, claiming he wants to make government accountable.

Wonder if that means make them help prosecute former LA Rep William the Freezer Jefferson?

Wonder if that means he will make Burger admit to what he stole?

Or, if he will make Dodd accountable for his friends of Angelo thievery?

Maybe he can get his people to be more accountable, as residents(ghettos), employees(welfare), or, God forbid, as parents, since what, something like 470% of them are singe parent households?

Accountability? A big word for a guy who has none himself(evidence by all of his lies and present otes)

Asshat "Lawyer" marc to bri... (Below threshold)
JFO:

Asshat "Lawyer" marc to brian:

"....or a preference and propensity for childish snipe attacks that are your stock-in-trade?"

Asshat "Lawyer" marc in his next comment:

"Considering the alternative universe you presumably reside in - one with rainbows, unicorn rides for the kids, Gobment bailouts in every pot and TIVo'd obama speeches (minus the flip-flops) you may want to purchase a limited edition Barack Obama Sunbeam."


You just don't get what a fool and a jackass you are do you "Lawyer" marc?

The left sided comments are... (Below threshold)
epador:

The left sided comments are sounding more and more like a Mike Myers script, to keep with the Fat Bastard theme, I suppose. Such is art.

I don't know many conservat... (Below threshold)
Baron Von Ottomatic:

I don't know many conservatives that have been thrilled with the spending spree that took place under Bush.

Spending aside, his only real "screw up" economically was an extremely loose monetary policy.

Some unusual event, which slips my mind, occurred in mid-September of 2001 that sent the economy into shock. The choice was take it in the can then or loosen monetary policy and hope we don't take it in the can too hard later.

It was a band-aid and necessary in light of the circumstances. Looking at the current state of the economy and blaming Bush is overly simplistic. The US isn't alone, it's a global recession. And the credit market didn't collapse because of any Bush-era legislation.

The best way to reverse the recession would be to strengthen the dollar and slash taxes/government spending significantly. Removing even more capital from the market to be redistributed by the government is the recipe for a depression.

But why let reality interfere with using crisis to further expand Washington's power.

"You can kiss my entire bla... (Below threshold)
LaMedusa:

"You can kiss my entire black @ss!"

Hater! *chuckle*

And something is prevent... (Below threshold)
Brian:

And something is preventing you from doing it as a way to further this discussion?

In other words, your response is "no, YOU do it!"

What would that be, intellectual laziness, or a preference and propensity for childish snipe attacks that are your stock-in-trade?

Actually, since you're asking for a characterization of your above comment, I'd say it was all of the above.

Very interesting numbers.<b... (Below threshold)

Very interesting numbers.
Let's put it all in perspective though. When all the printing of money leads to massive inflation, all that debt won't look so bad.
http://www.rightklik.net/

"Marc,Your George ... (Below threshold)
Shawn:

"Marc,

Your George Bush ran the country into the ground. The bankers welfare bailouts happened on his clock, you moron. And after they greedily received the welfare money....told everyone dog kiss my @ss on how it's going to be used. And you have the nerve to speak ill of Democrats.

You can kiss my entire black @ss!

12. Posted by Justice58 "

You're a classy one, Justice.

It's no coincidence that this mess started when the Democrats took over congress for the past 2 years.

Thank your friends Chris Dodd and Barney Frank for making Freddie Mac and Fannie Mae into the biggest welfare loaning departments in the history of our country.

I'll have to visit your planet someday.

I don't seem to see anyone ... (Below threshold)
BluesHarper:

I don't seem to see anyone mention the real reason the majority of people seem so convinced that President Bush is to be blamed for everything. From my point of view I blame the main stream media. For the last seven years or more there has been nothing but Bush bashing on TV, radio or in the news papers.

I have friends that in the past - pre Bush, for the most part, didn't ever pay attention to politics. Politics wasn't even on their radar screen. But over the last 7 years they think they know something about politics. They are convinced that President Bush is the worst President ever, and that he's a moron.

Where do you suppose they got that idea? It sure as hell wasn't because they suddenly became interested in politics. It was more like 'politics' was forced down their throat.

It all started with the war in Iraq. That's not politics. That's action and adventure. That captured the interest of my friends. Now they were paying attention to current affairs. Well you can't watch, hear or read about the war without noticing something about politics. People were dying which made a great spring board to bash President Bush.

At every turn you would get a face full of Bush bashing. The jokes about our President, as seen on Letterman or the Tonight Show, is to be expected. That sort of thing happens with every President. But the main stream media seemed to really pile on. So what else were my friends suppose to think? Everybody can't be lying. President Bush must really be a dumb @ss and very evil.

Again, that went on for seven straight years. Kids who weren't even born when President Bush came into office knew for a fact that President Bush was wrong, evil and mean. And anyone who thought otherwise was a moron.

Now I have to try to straighten my friends way of thinking out. I have to try to show them how the democrats dug in their heels and did everything in their power to make President Bush look bad. When in reality it's the democrats who, in their well meaning but ineffective ways, tripped up America.

Thank you MSM pricks.

Have some cheese with that ... (Below threshold)
JFO:

Have some cheese with that whine BluesHarper?

BluesHarper~Bush w... (Below threshold)
LaMedusa:

BluesHarper~

Bush was portrayed as a bad cop so we could have a "Savior" to restore our economy, bring peace to the world and make everyone euphoric with warm, fuzzy feelings.

The harsh reality is Americans are being disarmed, dumbed-down, and lied to over and over again. The U.S. is being dissolved because the people that signed our declaration had temporarily managed to break away from monetary tyranny controlled by the bankers. We are being hit the hardest because the original groundwork was to make us free and independent.

I think someone el... (Below threshold)
LaMedusa:
I think someone else is seeing black helicopters flying over their house. How are things in the militia encampment? Enjoy the ammonium nitrate lecture.

Dave, what has your nonsensical question have to do with my comment to someone else? And no, I am not going to answer your second question because you were ignorant enough to ask the first, and it just doesn't concern you. And seriously, you are not that curious if you waste a comment box just trying to sound "clever".

brian "In other words, ... (Below threshold)
Marc:

brian "In other words, your response is "no, YOU do it!"

Um... no, I was never asked to provide a counter point, the author of the post was.

Secondly, yes and I repeat, you do it. That's opposed to one of your patented snipe attacks of little to no substance.

j58 - ""You can kiss my... (Below threshold)
Marc:

j58 - ""You can kiss my entire black @ss!"

Guessing now... I don't have enough time left on this Earth to complete that job on something so enormous.

Special note to all you moo... (Below threshold)
Marc:

Special note to all you moonbat/BDS sufferers you ALL use the "worst crisis since the depression" talking point. (picked up at DKos, think[less] progress and the DUmmies I suspect.

At this point the current bank/credit "crisis" has seen about 25 banks fail.

During the S&L crisis about 3000 banks failed.

Based on the chart from bestcashcow.com, it seems that we had several years in the 1980s with $100 billion or more in assets at failed banks. This year, it's probably $40-50 billion with most of that coming from Indymac's $32 billion.

So, unless Indymac was a precursor of many more large banks that will fail this year, I think it's safe to say this crisis does not rise to the level of the S&L crisis.

Guessing now... I don't ... (Below threshold)
Justice58:

Guessing now... I don't have enough time left on this Earth to complete that job on something so enormous.


Humphf. No it's not. That's where you're sooo wrong!

LaMedusaIt's funny... (Below threshold)
Dave Noble:

LaMedusa

It's funny how guickly your tone switches from Cassandra, the dire prophetess, to a prim elderly Victorian lady.

Begging your pardon, ma'am, I should not have been so impertinent to inquire about matters that do not "concern me."

You know as well as I do that my militia comment was a rhetorical question meant as a poke at your pretentious conspiracy theories.

If you can waste a comment block on vague, cryptic references to the dark forces at work behind the scenes, I can try to be clever. It's more fun.

But I will give you credit for this, La Medusa - You've created a new genre - Conservative Goth. Kind of an Ann Coulter Rice thing.

Make it work for you, Princess of Shades.

As always, the Wizbang comm... (Below threshold)
boqueronman:

As always, the Wizbang comment thread gets an A for entertainment value. Unfortunately, the all the wrong lessons are being discussed. The Great Depression did not end until the conditions for long term growth were put in place during the post WWII Truman administration. The mirage of the New Deal and massive WW II debt funded war effort are water holes in the desert. The first only postponed recovery through a combination of distorted regulations, increasing taxes and anti-"rich", i.e. anti-investment, rhetoric. The latter did not "solve" the Great Depression, it only "employed" the surplus labor force to manufacture, distribute and use armaments during 1941-1945.

The contemporary economic distress, while certainly real, is only a pale shadow of that era. But the sum of massive existing debt + massive new debt + massive unfunded entitlement liabilities = the end of the Welfare State. S&P (or Moody's) performed an analysis which should that Treasury Bills were likely to enter junk bond status by 2016-17. Surprisingly the U.S. will be the first to arrive there, with European nations not facing this crisis until the 2020s. The reason is the health care system. In the U.S. Medicare/Medicaid is a subsidy program, and thus faces exponential growth. Meanwhile, European public sector health care systems are tools to ration costs, and thus care, which results in managed costs. What kind of government structures, i.e. will republics-democracies survive, will be interesting to watch. Welcome to the future, folks.

Hey Boquer,Did you... (Below threshold)
Dave Noble:

Hey Boquer,

Did you do your doctoral or your master's thesis on the Great Depression?

In my oppion we should chan... (Below threshold)
Spurwing Plover:

In my oppion we should change the demacratic symbol from the donkey to the old sow with all the little piggies suckling away

What disturbs me is that th... (Below threshold)

What disturbs me is that the money MUST be doled out over a scheduled period of time.

It is a Five Year Plan.




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