New Bill
All 647 pages worth.
http://www.rules.house.gov/111/LegText/111_hr1_text.pdf
Well, at least they're giving us more than a couple of hours to read it before voting on it.
So what does over $875 billion get us? WaPo has a good overview:
http://www.washingtonpost.com/wp-dy...9012400661.html (cropped for just projects)
quote:
Some of Obama's proposals appear designed to attract Republicans -- such as a program to double renewable energy capacity in three years that includes a measure to leverage $100 billion in private financing, and an expansion of the Child Tax Credit, to cut taxes for more than 16 million children.
Other proposals are aimed at appealing to average taxpayers, many of whom have not felt the benefit of an earlier stimulus package or the financial bailouts. Among the items: an expansion of access to the temporary health care program, Cobra, that people access when they lose their jobs.
The report said Obama would spend at least 75 percent of the stimulus package in the first 18 months after passage. Among the other major goals is updating the electric grid by laying more than 3,000 miles of transmission lines and installing 40 million "Smart Meters" in American homes. The plan also would weatherize at least 2 million homes to save low-income families on average $350 per year, and modernize at least 75 percent of federal buildings.
The plan calls for several major infrastructure investments, including enhancing security of 90 major ports and modernizing the nation's water system by launching 1,300 wastewater projects, 380 drinking water projects and 1,000 rural and sewer system projects.
In the area of education, Obama's plan calls for renovating 10,000 schools and funding the shortfall in Pell Grants, which would increase college affordability for seven million students. The plan also calls for tripling the number of undergraduate and graduate fellowships in science and providing an additional 350,000 children access to quality pre-kindergarten programs.
Republicans have frequently highlighted items such as $200 million in renovations to the Mall, $50 million for the National Endowment for the Arts and $360 million to slow the spread of sexually transmitted diseases as a simple waste of money. Which it is... None of this shit will create jobs which was suppose to be the point of this bill in the first place.
What strikes me is just how wide in scope this plan is. It touches on most domestic issues, and many of the projects sound like they should have been done years ago. But in my eyes pumping that much money into the system that quick will create bottleneck problems and most likely the waste that goes along with it. I haven't read through the entire bill yet, but there is already why too much wasteful spending. More Taxcuts, cut the pork damn!!!
Anyone find anything interesting in the bill?
Reply With Quote
