When the TARP (700 billion dollars) was so unregulated and spent so frivolously, why wouldn't there be closer scrutiny.
"The House measure had been estimated to cost $825 billion, but the Congressional Budget Office updated the bill's price tag to $816 billion after accountants recalculated the cost. That total rose by $3 billion when the House approved on a voice vote a Democratic amendment for mass transit." -- TimesOnLine.co.UK.
With interest, the spending/stimulus plan with be approximately 1 Trillion dollars. How many zeros are in a trillion? 12 zeros!
On Obama's election campaign site, as of January 1, 2009, the following is what he said that the plan would go toward.
"Barack Obama's Plan to Stimulate the Economy and Protect American Families Would:
* Provide an immediate $250 tax cut for workers and their families.
* Provide an immediate, temporary $250 bonus to seniors in their Social Security checks.
* Provide an additional $250 tax cut to workers and an additional $250 to seniors if the economy continues to worsen
* Provide relief to homeowners hit by the housing crisis.
* Provide aid to states hardest-hit by the housing crisis to avoid a slash in services.
* Extend and expand Unemployment Insurance."
With benefits unlisted on the Internet (as far as my research as taken me), those items that have been leaked in the larger media outlets include those that may go to Acorn, NASA climate change research, digital TV converter box coupons, and more. The spending on sod on the National Mall has been reportedly removed, as well as the spending on contraception.
Forwarded from a friend...
"This year, taxpayers will receive an Economic Stimulus Payment.
This is a very exciting new program that I will explain using the Q and
A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. Only a smidgen.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition
TV set, thus stimulating the economy.
Q. But isn't that stimulating the economy of China?
A. Shut up.
Below is some helpful advice on how to best help the US economy by
spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to China.
If you spend it on gasoline it will go to the Arabs.
If you purchase a computer it will go to India.
If you purchase fruit and vegetables it will go to Mexico, Honduras, and
Guatemala (unless you buy organic).
If you buy a car it will go to Japan.
If you purchase useless crap it will go to Taiwan.
And none of it will help the American economy.
We need to keep that money here in America. You can keep the money in
America by spending it at yard sales, going to a baseball game, or spend
it on prostitutes, beer (domestic ONLY), or tattoos, since those are the
only businesses still in the US."
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