Update: According to the CBO blog linked below, just $216 billion of the $825 billion package proposed by President Obama will be allocated by the end of 2010. Obviously this estimate is much higher than the $26 billion estimate which spread quickly online.
Of course, this allocation doesn't equate to actual government spending in the next two years, especially considering the lengthy government contract bidding process and the organizational inefficiencies commensurate with massive increases in funding--a reality specifically mentioned by the CBO Director.
Showing posts with label deficit-spending. Show all posts
Showing posts with label deficit-spending. Show all posts
Tuesday, January 27, 2009
Update: CBO Reports that Just $216 Billion of Bailout to Be Allocated by 2011 - No Stimulus Package Blog
Dems to Drop Birth Control from Stimulus Package - No Stimulus Package Blog
As reported here, Democratic Congressional leaders have dropped hundreds of millions in new federal contraceptive funding from the second "stimulus" package. Of course, the current package still includes hundreds of millions for federal employees to acquire alternative fuel cars, nearly 300 million for State Department computers and other utterly shameful purchases to be planted firmly on the back of generations of hard-working taxpayers.
Call your Senator and Rep. and tell them to vote NO on the second "stimulus" package. (202) 224-3121
Monday, January 26, 2009
Economic Stimulus or Just More Pork? - No Stimulus Package Blog
As the San Francisco Chronicle reports, check out just a few ways that President Obama and our Congress want to stimulate the economy...
1) $400,000,000 for climate change research
2) $600,000,000 for alternative fuel cars for government workers
3) $2,500,000,000 to upgrade low-income housing
Call your Senator or Rep. and tell them to vote NO on the second "stimulus" plan. (202) 224-3121
Stimulus Package Working Like a Charm...Citi Buys $50 Million Jet with Our Money - No Stimulus Package Blog
As the New York Post reports, Citi brilliantly spent $50 million of our money on a shiny new jet.
Call your Senator or Rep. and tell them to vote NO on the new "stimulus" plan. (202) 224-3121
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Again, why not suspend payroll taxes and offer tax incentives to banks and private citizens, rather than swell the national deficit by nearly $1,000,000,000,000 and plunge headlong into the semi-socialism that has crippled economic growth in the UK and elsewhere?
http://cboblog.cbo.gov/?p=199