Generational Theft Act (Porkapalooza Bill) Update #2

By the way, if you think that everyone believes this economy-buster is a good idea (aside from all the other sources I've posted over the past few weeks), here's another nail in the coffin of that misconception:

Via Cato Institute: Here are 200 economists, including Nobel Laureates, who oppose the Generational Theft Act of 2009. The open letter is running as an ad in the NY Times, Washington Post and Roll Call this week.

And here, via Hans Bader at Open Market, are more skeptics.

And here's another stimulus goodie that has absolutely nothing to do with stimulating the economy:

GOP Members of Congress are objecting to the Democratic stimulus plan that gives millions of dollars to ACORN— the largest radical Leftist group in America today.

This radical group worked closely with the Obama campaign during the election although the community organizing group was not open about this. The photo below was scrubbed from the ACORN website before the election:

One of Barack Obama's first big “community organizer” jobs involved ACORN in 1992. Obama also trained ACORN employees. He represented ACORN in court. Obama worked with and protested with ACORN. His campaign donated $800,000 to ACORN this year for voter registration efforts.
And, ACORN even canvassed for Obama this year.

Democrats hoped to reward the Far Left radical group for their efforts in the porked out “stimulus bill.”


Yes, this is the same ACORN that is being investigated for voter fraud in over a dozen states.  The number I saw was actually $4.2 billion to ACORN, by the way.  Sen. David Vitter, R-La., told FOX News Tuesday that the money could be seen as “payoff” for groups' political activities in the last election.

Need some more reasons to oppose this beast?  How about these:

5. The plan establishes at least 32 new government programs at a cost of over $136 billion. That means more than a third of this plan's spending provisions are dedicated to creating new government programs.

7. Even though the legislation contains at least 152 separate spending proposals, the authors of the plan can only say that 34 have any chance at keeping or growing jobs.

10. The House Democrats' bill will cost each and every household $6,700 in additional debt, paid for by our children and grandchildren.

11. The bill provides enough spending – $825 billion – to give every man, woman, and child in America $2,700. $825 billion is enough to give every person in Ohio $72,000.

12. $825 billion is enough to give every person living in poverty in the United States $22,000.

13. Although the House Democrats' proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill – or three percent – is for road and highway spending. A recent study from the nonpartisan Congressional Budget Office found that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion.

14. Much of the funding within the House Democrats' proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG) – a program that already has $16 billion on hand. States also are sitting on some $9 billion in unused highway funds – funds that Congress is prepared to rescind later this year.


Good stuff, thanks Democrats!  But how about those supposed tax cuts and things that were actually beneficial?

16. A scant 2.7 percent, or $22.3 billion of the overall package, is dedicated to small business tax relief.

18. The “Making Work Pay” tax credit at the center of the plan amounts to $1.37 a day, or about the price of a cup of coffee.

19. Almost one-third of the so-called “tax relief” in the House Democrats' bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package – not the 40 percent that President Obama had requested.


And, of course, this is another stimulant in the porkapalooza bill:

Democrats may have eliminated provisions on birth control and sod for the National Mall in the “job stimulus” — but buried on page 147 of the bill is stimulation for prevention of sexually transmitted diseases!

The House Democrats' bill includes $335 million for sexually transmitted disease education and prevention programs at the Centers for Disease Control and Prevention, the DRUDGE REPORT has learned.


Oh, and one last thing…

Major U.S. banks are still hemorrhaging red ink, despite massive taxpayer aid, and President Barack Obama is under pressure to take a high-stakes political gamble — asking for another bailout.


So, the first bailout failed, and now those banks 'need' another one.  Great.

Call.  E-mail (House here, Senate here).  Repeat.

There's my two cents.



Sources:
http://gatewaypundit.blogspot.com/2009/01/its-nuts-gop-objects-to-stimulus.html
http://michellemalkin.com/2009/01/27/president-obama-you-cant-stifle-this-dissent/
http://mypetjawa.mu.nu/archives/196066.php
http://gatewaypundit.blogspot.com/2009/01/20-points-on-democrats-11-trillion.html
http://www.drudgereport.com/flashsb.htm
http://www.reuters.com/article/ousiv/idUSTRE50Q71520090127
http://michellemalkin.com/2009/01/26/acorn-watch-left-wing-fraudsters-could-get-billions-in-stimulus-money/

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I'm a gun-owning, Bible-thumping, bitter clinger conservative in the heartland. You can disagree with me if you want (you do, after all, have a right to be wrong)...just don't be rude or stupid and we'll get along just fine! :)

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