Originally posted by: quest55720
Originally posted by: JACKDRUID
Originally posted by: quest55720
Originally posted by: JACKDRUID
Originally posted by: Budmantom
May 1939, Treasury Secretary Henry Morgenthau testified:
"We are spending more money than we have ever spent before, and it does not work. ... I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. ... I say after eight years of this administration we have just as much unemployment as when we started ... and an enormous debt, to boot."
bolded was proven false due to :
1. we successfully ended the Great Depression
2. became #1 world power for many years
2. and prospered for another 60+ years.
No WWII ended the great depression. Building tank, airplanes and ammo etc put people to work and ended the great depression. All this porkulus will do is put us more in debt which will come back to bite us in the ass. Things like porkuls will be paid for by young people getting screwed by SS.
the New Deal helped to ease the depression and build important road and rails which were necessary for transportation of WWII goods to end depression.
Transportation build during New Deal has given us great foundation for economic trade etc, whch helped us proper for 60 yrs until now.
To bad most of this porkulus is not infrastructure spending. It is mostly tax cuts welfare and misc pork very little infrastructure. If the bill was 50% infrastructure then I could get behind it. I just can't get behind spending a trillion on welfare and Frisbee parks.
build hybrid engine , renewable energy development, reduce waste, science facilities, high-speed Internet access to rural areas, transportation projects, transite project, water projects, school modernization, preventive care, health insurance subsidies, education..
are ALL INFRASTRUCTURE SPEND for a better future.
http://online.wsj.com/article/SB123202946622485595.html
Energy
$32 billion Funding for "smart electricity grid" to reduce waste
$20 billion + Renewable energy tax cuts and a tax credit for research and development on energy-related work, and a multiyear extension of renewable energy production tax credit
$6 billion Funding to weatherize modest-income homes
Science and Technology
$10 billion Science facilities
$6 billion High-speed Internet access for rural and underserved areas
Infrastructure
$32 billion Transportation projects
$31 billion Construction and repair of federal buildings and other public infrastructure
$19 billion Water projects
$10 billion Rail and mass transit projects
Education
$41 billion Grants to local school districts
$79 billion State fiscal relief to prevent cuts in state aid
$21 billion School modernization
Health Care
$39 billion Subsidies to health insurance for unemployed; providing coverage through Medicaid
$90 billion Help to states with Medicaid
$20 billion Modernization of health-information technology systems
$4 billion Preventative care
TOTAL: 400 billion infrastructure spending ~50% of stimulus bill
other 50% are for tax deduction (stimulate economy) + rescue business.