Real Or Fake? Can You Spot The Bogus Government Programs Funded By The Stimulus Package?

Watch this video:

How much more evidence do we need to prove that the government has done nothing but squander our hard earned tax dollars for the past year and a half?

Remember in November.

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Stimulus Chicanery: Democrats Suppress The Truth About The Stimulus Package

The current economic stimulus plan being considered by Congressional Democrats was brought under fire last week by the Congressional Budget Office, or CBO. This week, the CBO (even though it is controlled by Democrats) has been brought under fire by the Democrats. Apparently, Congressional leaders were hard pressed to explain how monies that weren’t to be spent until 2011 would help the economy “now.”

From the Wall Street Journal Op-Ed:

According to Congressional Budget Office estimates, a mere $26 billion of the House stimulus bill’s $355 billion in new spending would actually be spent in the current fiscal year, and just $110 billion would be spent by the end of 2010. This is highly embarrassing given that Congress’s justification for passing this bill so urgently is to help the economy right now, if not sooner.

And the red Congressional faces must be very red indeed, because CBO’s analysis has since vanished into thin air after having been posted early last week on the Appropriations Committee Web site.

Interesting that as soon as the truths uncovered by this report were published and re-broadcast by certain media, the Democrats shut it down. They didn’t want the truth to come out. But what is that truth?

Read on:

The problem is that the money for this spending boom has to come from somewhere, which means it is removed from the private sector as higher taxes or borrowing. For every $1 the government “injects,” it must take $1 away from someone else — either in taxes or by issuing a bond. In either case this leaves $1 less available for private investment or consumption. Mr. Barro wrote about this way back in 1974 in his classic article, “Are Government Bonds Net Wealth?”, in the Journal of Political Economy. Larry Summers and Paul Krugman must have missed it.

And taking money away from the private sector means no economic growth. Taking too much money away from the private sector means a shrinking economy.

More:

A similar analysis applies to the tax cuts that are part of President Obama’s proposal. In contrast to the spending, at least the tax cuts will take effect immediately. But the problem is that Mr. Obama wants them to be temporary, which means taxpayers realize they will see no permanent increase in their after-tax incomes. Not being fools, Americans may either save or spend the money but they aren’t likely to change their behavior in ways that will spur growth. For Exhibit A, consider the failure of last February’s tax rebate stimulus, which was a bipartisan production of George W. Bush and Mr. Summers, who is now advising Mr. Obama.

To be genuinely stimulating, tax cuts need to be immediate, permanent and on the “margin,” meaning that they apply to the next dollar of income that an individual or business earns. This was the principle behind the Kennedy tax cuts of 1964, as well as the Reagan tax cuts of 1981, which finally took full effect on January 1, 1983.

We can point to many examples throughout history where tax cuts allowed for an expansion of the economy. Tax increases lead at best to stagnation, or at worst, depression.

What would tax cuts do for an economic stimulus? This:

The revenue cost of eliminating the corporate tax wouldn’t be any more than their proposed $355 billion in new spending, and we guarantee its “multiplier” effects on growth would be far greater. Research by Mr. Obama’s own White House chief economist, Christina Romer, has shown that every $1 in tax cuts can increase output by as much as $3.

So why not go with tax cuts to stimulate the economy?

The spending portion of the stimulus, in short, isn’t really about the economy. It’s about promoting long-time Democratic policy goals, such as subsidizing health care for the middle class and promoting alternative energy. The “stimulus” is merely the mother of all political excuses to pack as much of this spending agenda as possible into a single bill when Mr. Obama is at his political zenith.

Apart from the inevitable waste, the Democrats are taking a big political gamble here. Congress and Mr. Obama are promoting this stimulus as the key to economic revival. Americans who know nothing about multipliers or neo-Keynesians expect it to work. The Federal Reserve is pushing trillions of dollars of monetary stimulus into the economy, and perhaps that along with a better bank rescue strategy will make the difference. But if spring and then summer arrive, and the economy is still in recession, Americans are going to start asking what they bought for that $355 billion.

The Democrats have decreed that the CBO re-work the numbers and make them more palatable to the American people. But the original report was based on more honesty than the re-worked report would be.

It amounts to nothing more than political chicanery that our grandchildren and great-grandchildren will end up paying for.

Welcome to George Orwell’s 1984.

You can access the complete column on-line here:

The Stimulus Time Machine
Wall Street Journal
January 26, 2009

Obama Bans Earmarks From Stimulus Package

Is there a Republican streak in the President-elect? It seems so according to the Associated Press:

Obama said Tuesday that his plan, expected to cost about $775 billion, will not allow lawmakers to insert pet projects, as they sometimes do on spending bills.

He told reporters at his transition office in Washington that his package will set a “new higher standard of accountability, transparency and oversight. We are going to ban all earmarks, the process by which individual members insert projects without review.”

Now, the big question is whether or not Congress will go along with this, or force a confrontation with the White House.

But, it should be noted that Obama has played this card and played it wisely, much to the chagrin of the GOP. Had Mitch McConnell and John Boehner been insistent upon banning pork from legislation over the past eight years, the elections might have turned out better for the Republicans.

But here is the big lesson, assuming the GOP is willing to learn: Barack Obama has heard the cries of a sizable portion of our population and in one statement, has earned some political capital. Will the GOP now begin listening and learning or are we to face more elections like 2006 and 2008?

You can access the complete story on-line here:

Obama Bans Earmarks From Big Economic Package
Associated Press via SouthernLedger.com
January 9, 2009

UPDATE:

Here is a partial list of some of the pork that made it into the “Stimulus Package.” Looks like Obama never had any intention of banning pork from this thing.

It is not complete. There are more than this:

$44 million for construction, repair and improvements at US Department of Agriculture facilties
$209 million for work on deferred maintenance at Agricultural Research Service facilities
$245 million for maintaining and modernizing the IT system of the Farm Service Agency
$175 million to buy and restore floodplain easements for flood prevention
$50 million for “Watershed Rehabilitation”
$1.1 billion for rural community facilities direct loans
$2 billion for rural business and industry guaranteed loans
$2.7 billion for rural water and waste dispoal direct loans
$22.1 billion for rural housing insurance fund loans
$2.8 billion for loans to spur rural broadband
$150 million for emergency food assistance
$50 million for regional economic development commissions
$1 billion for “Periodic Censuses and Programs”
$350 million for State Broadband Data and Development Grants
$1.8 billion for Rural Broadband Deployment Grants
$1 billion for Rural Wireless Deployment Grants
$650 million for Digital-to-Analog Converter Box Program
$100 million for “Scientific and Technical Research and Services” at the National Institute of Standards And Technology
$30 million for necessary expenses of the “Hollings Manufacturing Extension Partnership”
$300 million for a competitive construction grant program for research science buildings
$400 million for “habitat restoration and mitigation activities” at the National Oceanic and Atmospheric Administration
$600 million for “accelerating satellite development and acquisition”
$140 million for “climate data modeling”
$3 billion for state and local law enforcement grants
$1 billion for “Community Oriented Policing Services”
$250 million for “accelerating the development of the tier 1 set of Earth science climate research missions recommended by the National Academies Decadal Survey.”
$50 million for repairs to NASA facilities from storm damage
$300 million for “Major Research Insrumentation program” (science)
$200 million for “academic research facilities modernization”
$100 million for “Education and Human Resources”
$400 million for “Major Research Equipment and Facilities Construction”
$4.5 billion to make military facilities more energy efficient
$1.5 billion for Army Operation and Maintenance fund
$624 million for Navy Operation and Maintenance
$128 million for Marine Corps Operation and Maintenance
$1.23 billion for Air Force Operation and Maintenance
$454 million to “Defense Health Program”
$110 million for Army Reserve Operation and Maintenance
$62 million for Navy Reserve Operation and Maintenance
$45 million for Marine Corps Reserve Operation and Maintenance
$14 million for Air Force Reserve Operation and Maintenance
$302 million for National Guard Operation and Maintenance
$29 million for Air National Guard Operation and Maintenance
$350 million for military energy research and development programs
$2 billion for Army Corps of Engineers “Construction”
$250 million for “Mississippi River and Tributaries”
$2.2 billion for Army Corps “Operation and Maintenance”
$25 million for an Army Corps “Regulatory Program”
$126 million for Interior Department “water reclamation and reuse projects”
$80 million for “rural water projects”
$18.5 billion for “Energy Efficiency and Renewable Energy” research in the Department of Energy. That money includes:
$2 billion for development of advanced batteries
$800 million of that is for biomass research and $400 million for geothermal technologies
$1 billion in grants to “institutional entities for energy sustainability and efficiency”
$6.2 billion for the Weatherization Assistance Program
$3.5 billion for Energy Efficiency and Conservation Block Grants
$3.4 billion for state energy programs
$200 million for expenses to implement energy independence programs
$300 million for expenses to implement Energy efficient appliance rebate programs including the Energy Star program
$400 million for expenses to implement Alternative Fuel Vehicle and Infrastructure Grants to States and Local Governments
$1 billion for expenses necessary for advanced battery manufacturing
$4.5 billion to modernize the nation’s electricity grid
$1 billion for the Advanced Battery Loan Guarantee Program
$2.4 billion to demonstrate “carbon capture and sequestration technologies”
$400 million for the Advanced Research Projects Agency (Science)
$500 million for “Defense Environmental Cleanup”
$1 billion for construction and repair of border facilities and land ports of entry
$6 billion for energy efficiency projects on government buildings
$600 million to buy and lease government plug-in and alternative fuel vehicles
$426 million in small business loans
$100 million for “non-intrusive detection technology to be deployed at sea ports of entry
$150 million for repair and construction at land border ports of entry
$500 million for explosive detection systems for aviation security
$150 million for alteration or removal of obstructive bridges
$200 million for FEMA Emergency Food and Shelter program
$325 million for Interior Department road, bridge and trail repair projects
$300 million for road and bridge work in Wildlife Refuges and Fish Hatcheries
$1.7 billion for “critical deferred maintenance” in the National Park System
$200 million to revitalize the National Mall in Washington, D.C.
$100 million for National Park Service Centennial Challenge programs
$200 million for repair of U.S. Geological Survey facilities
$500 million for repair and replacement of schools, jails, roads, bridges, housing and more for Bureau of Indian Affairs
$800 million for Superfund programs
$200 million for leaking underground storage tank cleanup
$8.4 billion in “State and Tribal Assistance Grants”
$650 million in “Capital Improvement and Maintenance” at the Agriculture Dept.
$850 million for “Wildland Fire Management”
$550 million for Indian Health facilties
$150 million for deferred maintenance at the Smithsonian museums
$50 million in grants to fund “arts projects and activities which preserve jobs in the non-profit arts sector threatened by declines in philanthropic and other support during the current economic downturn” through the National Endowment for the Arts
$1.2 billion in grants to states for youth summer jobs programs and other activities
$1 billion for states in dislocated worker employment and training activities
$500 million for the dislocated workers assistance national reserve
$80 million for the enforcement of worker protection laws and regulations related to infrastructure and unemployment insurance investments
$300 million for “construction, rehabilitation and acquisition of Job Corps Centers”
$250 million for public health centers
$1 billion for renovation and repair of health centers
$600 million for nurse, physician and dentist training
$462 million for renovation work at the Centers for Disease Control
$1.5 billion for “National Center for Research Resources”
$500 million for “Buildlings and Facilties” at the National Institutes of Health in suburban Washington, D.C.
$700 million for “comparative effectiveness research” on prescription drugs
$1 billion for Low-Income Home Energy Assistance
$2 billion in Child Care and Development Block Grants for states
$1 billion for Head Start programs
$1.1 billion for Early Head Start programs
$100 million for Social Security research programs
$200 million for “Aging Services Programs”
$2 billion for “Office of the National Coordinator for Health Information Technology”
$430 million for public health/social services emergency funds
$2.3 billion for the Centers for Disease Control for a variety of programs
$5.5 billion in targeted education grants
$5.5 billion in “education finance incentive grants”
$2 billion in “school improvement grants”
$13.6 billion for Individuals with Disabilities Education Act
$250 million for statewide education data systems
$14 billion for school modernization, renovation and repair
$160 million for AmeriCorps grants
$400 million for the construction and costs to establish a new “National Computer Center” for the Social Security Administration
$500 million to improve processing of disability and retirement claims
$920 million for Army housing and child development centers
$350 million for Navy and Marine Corps housing and child development centers
$280 million in Air Force housing and child development centers
$3.75 billion in military hospital and surgery center construction
$140 million in Army National Guard construction projects
$70 million in Air National Guard construction projects
$100 million in Army Reserve construction projects
$30 million in Navy Reserve construction projects
$60 million in Air Force Reserve construction projects
$950 million for VA Medical Facilities
$50 million for repairs for military cemeteries
$120 million for a backup information management facility for the State Department
$98 million for National Cybersecurity Initiative
$3 billion for “Grants-in-Aid for Airports”
$300 million for Indian Reservation roads
$300 million for Amtrak capital needs
$800 million for national railroad assets or infrastructure repairs, upgrades
$5.4 billion in federal transit grants
$2 billion in infrastructure development for subways and commuter railways
$5 billion for public housing capital
$1 billion in competitive housing grants
$2.5 billion for energy efficiency upgrades in public housing
$500 million in Native American Housing Block Grants
$4.1 billion to help communities deal with foreclosed homes
$1.5 billion in homeless prevention activities
$79 billion in education funds for states

Unless you happen to live somewhere near one of these projects, your chance of seeing any of this money is slim to none. These are all short-term deals and when the money runs out, the jobs go away. This porkulus bill does not do anything to ecourage long term investment which means that there won’t be any long-term job creation coming out of it. In other words, Obama and the socialists in Congress will have to enact more deficit spending (they have a new bill that will cost us a half-trillion dollars in the works right now) and after they ram that through, Obama will once again be on the campaign trail trying to convince people that the deficits are someone else’s fault. That is what socialists do.