Friday, January 30, 2009

Oh My God - Teetering on Complete Collapse

"Oh My God."

Such were the words of John Boehner following his initial perusal of the looming economic disaster that is Obama's "stimulus" bill.

The further down the rabbit hole we delve, the more we understand that those three little words simply do not even do this mountainous turd sandwich of a "bill" justice.

After my initial perusal, I noted the inherent dishonesty toward the American People that the writing of the bill showed, hiding controversial social programs under their bill numbers rather than their descriptive titles.

Many of the more mainstream blogs and news outlets have begun to notice, as I did, that there is over $5 billion made available to ACORN, and this has become a big drum to beat on.

Not yet addressed by many is my initial look at $22.6 billion to Section 502 Loans, a program basically giving away subprime housing loans to people who can't afford them, which, for anybody who's been paying attention, is the entire root of the problem in the first place.

These, along with the egregiously wasteful spending that that one will find in line after line after line of the bill, like $420 million for a potential flu pandemic, $600 million for new cars for the government, $150 million to the Smithsonian, which is already well funded enough by miles, or the $200 million set aside to revitalize the National Mall, are not in any way stimulus to the economy. They are merely, as the Wall Street Journal pointed out, an assemblage of a 40-year wish list of Democrat spending programs.

Aside from the wasteful spending, a deeper analysis of how the numbers actually break down, let's us know that even the spending on construction won't really stimulate the economy. In fact, even some of the most high level economists we have are rallying against the stimulus. Furthermore, over 10% of the entire package ends up going to new government salaries.

As if the economics of it all weren't bad enough, now we are finding out that the Democrats have been even sneakier than I had originally realized. JWF points us to a story that points out that the language in the bill eliminates welfare reform in its entirety. The caps on welfare money to states are relinquished entirely. The federal funding is essentially able to be claimed from any welfare agency, in any amount they please, as emergency funding!

If that wasn't bad enough, HotAir points us to the de-facto Healthcare Nationalization that the bill puts into place by expanding who Medicare covers:

House Democrat Henry Waxman was so thrilled by this blowout, it was left to Republicans to remind him that the very banking millionaires he dragged to the Hill last year for a grilling would now qualify for government aid. His response? A GOP proposal to limit subsidies to Americans with incomes under $1 million was accepted during markup, but had disappeared by final passage. In this new health-care nirvana, even the rich are welcome.

In terms of woefully inefficient healthcare spending, the general consensus is that third-party systems like Medicare get in the way of progress. The Cato Institute describes a better method for improving delivery, but since it has nothing to do with government control, I'm sure we'll never see it happen.

Unfortunately, if this passes, it only gives the Democrat-controlled Congress a better chance at forcing through their next step, the absolutely insane Universal Health Care plan introduced, deep under the radar, by John Conyers.

The amount of money our government is about to spend under the Orwellian guise of saving us from disaster carries with it only the possibility of the collapse of the dollar.

"Oh my God" doesn't cut it. It doesn't even come close.

The absolute dishonesty of this bill should outrage every single American citizen there is, whether they are paying taxes or not.

Any tax-paying American citizen should be on the verge of hoisting the black flag!

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