Home » Congress » Stimulus Arrives too late According to the CBO

Stimulus Arrives too late According to the CBO

The trillion dollar pork-fest is being sold to citizens as important to get the economy going, but according to the CBO, the pork spending comes too late to do any good.

Less than half the money dedicated to highways, school construction and other infrastructure projects in a massive economic stimulus package unveiled by House Democrats is likely to be spent within the next two years, according to congressional budget analysts, meaning most of the spending would come too late to lift the nation out of recession.

A report by the Congressional Budget Office found that only about $136 billion of the $355 billion that House leaders want to allocate to infrastructure and other so-called discretionary programs would be spent by Oct. 1, 2010. The rest would come in future years, long after the CBO and other economists predict the recession will have ended.

The “stimulus” will be the greatest pork-fest of all time, as each member of Congress (and the President) attempts to return political favors (Acorn, Planned Parenthood, etc), and little of it will actually help. And it’s not to go to “high-skilled people who are already professionals or to white male construction workers”.

The trillion dollar stimulus arrives too late if the goal is the economy. Since the people pushing trillion dollar stimulus packages must surely already know this, what alternative reasons do they have to push the pork-fest, while publicly telling citizens it’s to stimulate the economy? Why are they hiding their real motives for this pork-fest?

The Stimulus will be the greatest pork-fest since TARP — and we all know how well that worked out, as the Rebublicrats fumbled the ball.

Where is presidential leadership on this? Where is change? The new boss is the same as the old boss — different people may sit in different chairs in Washington, but nothing changed — perhaps the greatest hoax of all time (after Piltdown Man) has been the “change” theme.

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1 Comment

  1. TC says:

    I do not think any amount of spending can help the US from falling into an extended recession where the US standard of living will be drawn down to equal the third world countries. As long as the trade deficit continues, US Jobs continue to be outsourced (and I do not mean just IT anymore, no ones job is safe) the gradual slide will continue.

    Even a stimiulus package that is supposed to computerize medical records will probably be done by offshore Indians or Chinese programmers. The US needs to tax imports of goods and services at the same level that would be paid by US workers and business if the work was performed in the US. Just this amount of taxation would make the American worker competitive with the offshore workers.

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