Meet the New Stimulus, Same as the Old Stimulus
Same Old Spending
- I Can't Help Myself: The House passed
"stimulus" bill costs $820 billion. The Senate compromise is
currently $827 billion. Senators have compromised to only spend $7
billion more than the House version.
- Can't Buy Me Love: According to The
Washington Post, the new plan would add additional debt costs
of $350 billion over ten years.
- Signed, Sealed, Delivered: The Senate
'compromise' is equal in size to the entire Australian economy, and
is enough money to send every current high school junior and
senior to a 4-year private university and still have a spare $150
billion. In comparison, the last three Omnibus Spending Bills were
$515 billion (FY'08), $464 billion (FY'07) and $388 billion
- Ain't No Mountain High Enough: The Senate
'compromise' would raise the government's commitment to solving the
financial crisis to $9.7 trillion, enough to pay off more than 90
percent of the nation's home mortgages.
Same Old Liberal Agenda
- Hooked on a Feeling: Inside both massive "stimulus"
bills are profoundly controversial and far-reaching health care
provisions that would set the country on a path toward more fiscal
irresponsibility, unfunded entitlement liabilities and less control
by families over their personal health care decisions
- If I Had a Million Dollars: The Senate 'compromise'
actually increases energy program funding from $28 billion in the
House version, to $40 billion, well more than double the annual
budget of the Department of Energy of $23 billion.
- Losing My Religion: The House bill and the Senate
'compromise' deliberately censor religious speech and worship on
school campuses by prohibiting use of any "stimulus" funds for
facilities that are 1) used for sectarian instruction, religious
worship or a school of divinity; or 2) in which a substantial
portion of the functions of the facilities are subsumed in a
- Money For Nothing: If the House bill were enacted, the
total 10-year extra welfare cost would likely be $787 billion in
new welfare spending.
Same Old Song And Dance
- Taxman:The Senate bill still does not contain any tax
cuts that will create rapid growth in wages and business incomes.
The DeMint amendment would have provided more than 2 million small
businesses with lower tax rates, while not raising any taxes on any
- Money, Money, Money: The DeMint amendment would have
created 4.8 million jobs from 2009 to 2012 and provided more
disposable income for families, averaging $1,300 in 2009 and rising
to $4,500 by 2013.
- Change, Change, Change: The Senate bill continues the
failed policies of the past, by adding yet another government
bailout that will not provide any GDP growth, add fewer jobs and
create no investment.
- You Can't Always Get What You Want:The CBO has said that
this plan will actually result in a slight decrease in GDP, through
a massive buildup of public debt which will crowd out private
Twice the Jobs at Half the Price
Check out Heritage ideas for providing twice the jobs at half
the price at:http://www.heritage.org/news/economic-stimulus.cfm