Interesting proposed amendments to the 2009 Stimulus bill

[BigApp]

$83 billion for the earned income credit to give tax refunds to people who don’t pay income tax

[dbackjon]

At least you know will get pumped back into the local economy right away.

are you serious.?.

Well won't it?

[dbackjon]

Moody's study suggests extending unemployment benefits, increasing food stamps fastest ways to stimulate economy

As Congress and the White House consider a $150 billion stimulus package that includes tax rebates and tax incentives for business, a report released Tuesday suggests that other methods would do a better job of infusing money into the flagging economy and doing it fast.

The industry research firm Moody's Economy.com tracked the potential impact of each stimulus dollar, looking at tax rebates, tax incentives for business, food stamps and expanding unemployment benefits.

The report found that "some provide a lot of bang for the buck to the economy. Others ... don't," said economist Mark Zandi.

In findings echoed by other economists and studies, he said the study shows the fastest way to infuse money into the economy is through expanding the food-stamp program. For every dollar spent on that program $1.73 is generated throughout the economy, he said.

"If someone who is literally living paycheck to paycheck gets an extra dollar, it's very likely that they will spend that dollar immediately on whatever they need - groceries, to pay the telephone bill, to pay the electric bill," he said.

http://money.cnn.com/2008/01/29/news/ec ... /index.htm

[BigApp]

are you serious.?.

Well won't it?

sure Jon, until you realize first where the money is actually coming from (YOU) and for the most part whom its going to (someone who is ALREADY a heavy burden on the system).

And, that the government will only recoup, through collection of trickle-down taxes, only about 10-15%.

[BigApp]

$50 million for the National Endowment of Arts

[BigApp]

$650 million for digital conversion coupons on top of what they already had.

[BigApp]

$400 million for global warming research

[BigApp]

$6 billion to subsidize university building projects

[dbackjon]

As we both said in the other thread - any stimulus bill is basically 100% pork.

[BigApp]

$70 million for a supercomputer at the National Oceanic and Atmospheric Administration

[BigApp]

$75 million for smoking-cessation programs

[BigApp]

$28.5 billion to various cabinet IG offices (Depts of Justice, Homeland Security and Vet Affairs got the least)

[BigApp]

check this one out:

$14 Million in travel expenses to "prevent waste, fraud and abuse in Federal spending" for the 5-member Board BHO will establish to oversee this spending.

[dbackjon]

check this one out:

$14 Million in travel expenses to "prevent waste, fraud and abuse in Federal spending" for the 5-member Board BHO will establish to oversee this spending.

If they do their job, they will save many times that amount.

[BigApp]

$2.825 Billion to provide broadband internet to rural areas

[BigApp]

If they do their job, they will save many times that amount.

so, it's OK to give 5 guys $14 MILLION (borrowed) taxpayer dollars and two years to travel with?

[BigApp]

btw, I'm posting these as I read them on the actual bill:

$150 million for WIC. $100 million of which is to "purchase commodities" and $50 million to distribute

[BigApp]

$1 billion to the Census Bureau

[BigApp]

$350 million for "salary and expenses" for the National Telecommunication and Information Administration

[dbackjon]

$1 billion to the Census Bureau

Constitutionally mandated

[BigApp]

$100 million to the National Institute of Standards and Technology for "scientific and technical research"

[BigApp]

$1 billion to the Census Bureau

Constitutionally mandated

and already budgeted.

[BigApp]

$4.5 billion to modernize and restore military barracks

[BigApp]

$2 billion to Army Corps of Engineers

[BigApp]

$1 billion to manufacture 'advanced batteries'

I'm starting to skip over stuff now, it's gotten foolish