I guess the Democrats are going to buy America some really great health care; they clearly don’t plan to be frugal with our money: Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said. Democrats will work on the bill’s details next week | Read More »
I have not yet blogged about Recovery.org, the indispensable site set up by Onvia to keep track of how the Obama administration is spending your ‘stimulus’ money. Recovery.org offers a number of ways to search – by state, county and program. They provide updates on how much stimulus funding is spent over time, and how may jobs the administration contends have been created (or saved). | Read More »
The craptacular porkulus bill passed Congress with almost no Republican votes. That prevents them from running around the country and taking credit for things like this: The blank expression on the face of the manager of Murtha Airport – just after 1:40 – is priceless. And even this manager – whose job clearly depends on Murtha’s willingness to rob from the taxpayers – can’t help | Read More »
Which of these is more common: Democrats abusing their positions of power to waste money, or Democrats showing they no longer take seriously the threat of terrorist attack? This scandal has them both. House Homeland Security Chairman Bennie Thompson (D-Miss.) is pushing earmarks worth millions of dollars for homeland security projects at the small Mississippi college that he attended, though the school could not explain | Read More »
It’s been interesting to follow the debate over earmarks in appropriations bills. Everyone knows that they increased dramatically in recent years, to the point where public anger at the practice led Congress to consider ‘reforms.’ There seems to be little confidence that Congress has really learned the lesson though, so the discussion about earmarks in Barack Obama’s risky spending scheme has been illustrative.
Democrats argue that their stimulus proposal must include a massive infrastructure component not only because it will help the economy (which it won’t), but also because the government has been chronically underinvesting in infrastructure in recent decades. The Congressional Budget Office puts the lie to that claim. This chart is of all public capital spending on infrastructure, from 1956 to 2006:
Jon Henke lays out the danger to Congressional Republicans of supporting Barack Obama’s stimulus package: Here’s the calculation on fiscal stimulus: If Obama gets his way, he’s looking at massive, trillion dollars deficits, and much more government intervention in the economy. The public may tolerate this due to fears about economic crisis, but if it works out well and the US gets a relatively soft | Read More »
Take a look at this chart:
James Pethokoukis points to an item in the Wall Street Journal on Democratic concerns that the timetable for the stimulus may slip as Barack Obama’s transition team fails to deliver its requests on time:
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