You know how the Obama Stimulus was supposed to be shovel ready tonight Obama's "Jobs Speech" is going to be pitchfork ready. He is going to be shoveling us a load of horse manure in his speech. Obama is most likely going to be proposing the same ol' same ol' failed "Stimulus" spending plan. His speech is going to be a political partisanship circus act. I wonder how many people are actually going to listen to his speech? What are your thoughts on Obama's upcoming "Jobs Speech"?
Showing posts with label Stimulus. Show all posts
Showing posts with label Stimulus. Show all posts
Yes Rep. Issa, Please, by All Means Dig, Dig, Dig
This New York Times article asks whether Rep. Darrell Issa and the GOP will be digging or investigating a long laundry list of violations that the Obama admin has committed over the last two years. I can almost guarantee that Rep. Issa and the GOP will be investigating away. YEA!! The N.Y. Times columnist Brian Friel makes an educated guess as to which issues he thinks that Darrell Issa and the GOP will be investigating after they takeover the reigns in January. Friel even goes onto mention some additional issues which he thinks should be investigated as well.
Here is the list:
White House job offers. The question is whether the administration offered plum positions to get two Senate primary challengers — Joe Sestak in Pennsylvania and Andrew Romanoff in Colorado — to drop their bids against Democratic incumbents. While the White House insists and most legal experts agree that no law was broken, Mr. Issa has said that that Americans could have “confidence in the legitimacy of the conclusions drawn” by the administration in the cases only if they have access to all related documents.
“Friends of Angelo.” Several prominent Democrats, including two senators, Kent Conrad of North Dakota and Chris Dodd of Connecticut (who chose not to run for re-election this month), were found to have received sweetheart mortgage rates from Countrywide Financial and its former chief executive, Angelo Mozilo. While the Senate Ethics Committee found “no substantial credible evidence” that the two senators had violated ethics rules, Mr. Issa says more investigation is warranted into whether other government officials got such deals.
Acorn. The liberal nonprofit group dissolved last year in the glare of conservative scrutiny, but some Republicans want an investigation into Acorn’s federal financing for its housing programs, which amounted to at least $53 million since 1994.
New Black Panthers. Last year the Justice Department convened and then dropped an investigation into whether members of the New Black Panther Party intimidated voters at a polling place in Philadelphia in 2008. Many conservatives feel the case was concluded prematurely and would like the Justice Department to take it up again.
Climate science. Conservatives who question the consensus that climate change is manmade want to use various committees’ oversight powers to challenge its scientific underpinnings, many of which were reached by federally financed researchers. Mr. Issa has focused on the so-called Climategate scandal involving alleged manipulation of data by British scientists: “For me, settled science starts out with settled raw data,” Mr. Issa said. “If the raw data’s in doubt, then the idea that we have settled science doesn’t exist. I want settled science.”
BP oil-spill response. Republicans may want to emphasize the White House’s missteps in dealing with the Gulf oil spill in April. In July, Mr. Issa said that the administration’s “preoccupation with public relations” might have hindered local officials’ efforts to deal with the disaster.
Economic stimulus. Representative Issa created a Web site where people can post pictures of road signs touting projects financed by the $787 billion economic stimulus package; he says the signs are little more than expensive propaganda, costing taxpayers $192 million. Mr. Issa will no doubt find additional creative ways to raise doubts about the administration’s response to the Great Recession, which he says has wasted money on swimming pools, zoos and golf courses.
Czars. Mr. Issa wants to give special scrutiny to unconfirmed presidential advisers including Elizabeth Warren, who is setting up the Consumer Financial Protection Bureau, and Carol Browner, who oversees environmental policy. Such czars are a sign of the “arrogance of government,” Mr. Issa says, because their appointments avoid Congress’s constitutional advise-and-consent role.
INVESTIGATIONS WE COULD REALLY USE
Federal contracts. Agencies paid private contractors at least $539 billion in fiscal 2009, much of it with little or no competition or performance evaluation. An additional $660 billion-plus in grants to states, local governments and nonprofits has undergone no systemic Congressional review. The committee should look into possible waste and whether contracting rules were followed.
The Civil Service. As with contractors, Congress has not systemically reviewed the performance and efficiency of the government’s 1.8 million-member work force.
Fannie Mae and Freddie Mac. At $136 billion so far, the federal takeover of the quasi-private housing corporations is the most expensive component of the government’s response to the economic crisis. Figuring out the government’s role in the housing market going forward is essential after decades of Congressional neglect.
Defense spending. Congress has been loath to dig too deeply into waste in the Pentagon budget, in part because every state and Congressional district benefits from the spending. But 8 of the 31 agencies on the Government Accountability Office high-risk list of programs “vulnerable to fraud, waste, abuse and mismanagement” are run out of the Defense Department. Certainly Congress should scrutinize them.
Food safety. A series of recalls, including that of half a billion eggs last summer in a salmonella outbreak, has highlighted the strains on the Food and Drug Administration. Congress should investigate whether it needs to be reformed or its duties taken up by other agencies.
Transparency. The government keeps too much information secret, operating a costly system of classification. Much of the information it does make public is impossible for most citizens to comprehend. Republicans could push agencies to declassify more information more quickly and draft legislation to compel the bureaucracy to release data in more usable formats.
Veterans health. Since the exposure of terrible conditions at Walter Reed Army Medical Center in 2007, Congress has dumped billions into the veterans health system. But there has been little follow-up to examine the quality of care and the cost-effectiveness of efforts by the Department of Veterans Affairs and other agencies.
Loan guarantees. Congress has backed more than $100 billion in loans in energy-related private projects. Because the guarantees don’t cost much up front, they tend to get little scrutiny. But the taxpayers are on the hook for any projects that go bust, and Congress should scrutinize them more carefully to determine the risk of failure and whether the projects truly deserve our backing.
Agency performance. Do taxpayers get what they pay for? In 1993, Congress passed the Government Performance and Results Act, requiring federal agencies to report each year on how well they were meeting goals, like whether the Internal Revenue Service is collecting all taxes due or whether the Education Department is improving student achievement. Agencies still produce those reports, but everyone involved knows that nobody really reads them. Oversight committees should start using them the way shareholders use companies’ annual reports: to see if their investments are paying off.
Congress itself. Committees in general do little sustained oversight, instead chasing headlines. And they operate with significant overlap — more than 100 committees and subcommittees oversee the Homeland Security Department, for example. The committees offer few channels for public input and participation. As one expert says, “I’d like to see Congress take a hard look at how it does oversight before it does any more of it.”
I am looking forward to seeing Rep. Darrell Issa dig, dig, dig, and the deeper the better.
Here is the list:
White House job offers. The question is whether the administration offered plum positions to get two Senate primary challengers — Joe Sestak in Pennsylvania and Andrew Romanoff in Colorado — to drop their bids against Democratic incumbents. While the White House insists and most legal experts agree that no law was broken, Mr. Issa has said that that Americans could have “confidence in the legitimacy of the conclusions drawn” by the administration in the cases only if they have access to all related documents.
“Friends of Angelo.” Several prominent Democrats, including two senators, Kent Conrad of North Dakota and Chris Dodd of Connecticut (who chose not to run for re-election this month), were found to have received sweetheart mortgage rates from Countrywide Financial and its former chief executive, Angelo Mozilo. While the Senate Ethics Committee found “no substantial credible evidence” that the two senators had violated ethics rules, Mr. Issa says more investigation is warranted into whether other government officials got such deals.
Acorn. The liberal nonprofit group dissolved last year in the glare of conservative scrutiny, but some Republicans want an investigation into Acorn’s federal financing for its housing programs, which amounted to at least $53 million since 1994.
New Black Panthers. Last year the Justice Department convened and then dropped an investigation into whether members of the New Black Panther Party intimidated voters at a polling place in Philadelphia in 2008. Many conservatives feel the case was concluded prematurely and would like the Justice Department to take it up again.
Climate science. Conservatives who question the consensus that climate change is manmade want to use various committees’ oversight powers to challenge its scientific underpinnings, many of which were reached by federally financed researchers. Mr. Issa has focused on the so-called Climategate scandal involving alleged manipulation of data by British scientists: “For me, settled science starts out with settled raw data,” Mr. Issa said. “If the raw data’s in doubt, then the idea that we have settled science doesn’t exist. I want settled science.”
BP oil-spill response. Republicans may want to emphasize the White House’s missteps in dealing with the Gulf oil spill in April. In July, Mr. Issa said that the administration’s “preoccupation with public relations” might have hindered local officials’ efforts to deal with the disaster.
Economic stimulus. Representative Issa created a Web site where people can post pictures of road signs touting projects financed by the $787 billion economic stimulus package; he says the signs are little more than expensive propaganda, costing taxpayers $192 million. Mr. Issa will no doubt find additional creative ways to raise doubts about the administration’s response to the Great Recession, which he says has wasted money on swimming pools, zoos and golf courses.
Czars. Mr. Issa wants to give special scrutiny to unconfirmed presidential advisers including Elizabeth Warren, who is setting up the Consumer Financial Protection Bureau, and Carol Browner, who oversees environmental policy. Such czars are a sign of the “arrogance of government,” Mr. Issa says, because their appointments avoid Congress’s constitutional advise-and-consent role.
INVESTIGATIONS WE COULD REALLY USE
Federal contracts. Agencies paid private contractors at least $539 billion in fiscal 2009, much of it with little or no competition or performance evaluation. An additional $660 billion-plus in grants to states, local governments and nonprofits has undergone no systemic Congressional review. The committee should look into possible waste and whether contracting rules were followed.
The Civil Service. As with contractors, Congress has not systemically reviewed the performance and efficiency of the government’s 1.8 million-member work force.
Fannie Mae and Freddie Mac. At $136 billion so far, the federal takeover of the quasi-private housing corporations is the most expensive component of the government’s response to the economic crisis. Figuring out the government’s role in the housing market going forward is essential after decades of Congressional neglect.
Defense spending. Congress has been loath to dig too deeply into waste in the Pentagon budget, in part because every state and Congressional district benefits from the spending. But 8 of the 31 agencies on the Government Accountability Office high-risk list of programs “vulnerable to fraud, waste, abuse and mismanagement” are run out of the Defense Department. Certainly Congress should scrutinize them.
Food safety. A series of recalls, including that of half a billion eggs last summer in a salmonella outbreak, has highlighted the strains on the Food and Drug Administration. Congress should investigate whether it needs to be reformed or its duties taken up by other agencies.
Transparency. The government keeps too much information secret, operating a costly system of classification. Much of the information it does make public is impossible for most citizens to comprehend. Republicans could push agencies to declassify more information more quickly and draft legislation to compel the bureaucracy to release data in more usable formats.
Veterans health. Since the exposure of terrible conditions at Walter Reed Army Medical Center in 2007, Congress has dumped billions into the veterans health system. But there has been little follow-up to examine the quality of care and the cost-effectiveness of efforts by the Department of Veterans Affairs and other agencies.
Loan guarantees. Congress has backed more than $100 billion in loans in energy-related private projects. Because the guarantees don’t cost much up front, they tend to get little scrutiny. But the taxpayers are on the hook for any projects that go bust, and Congress should scrutinize them more carefully to determine the risk of failure and whether the projects truly deserve our backing.
Agency performance. Do taxpayers get what they pay for? In 1993, Congress passed the Government Performance and Results Act, requiring federal agencies to report each year on how well they were meeting goals, like whether the Internal Revenue Service is collecting all taxes due or whether the Education Department is improving student achievement. Agencies still produce those reports, but everyone involved knows that nobody really reads them. Oversight committees should start using them the way shareholders use companies’ annual reports: to see if their investments are paying off.
Congress itself. Committees in general do little sustained oversight, instead chasing headlines. And they operate with significant overlap — more than 100 committees and subcommittees oversee the Homeland Security Department, for example. The committees offer few channels for public input and participation. As one expert says, “I’d like to see Congress take a hard look at how it does oversight before it does any more of it.”
I am looking forward to seeing Rep. Darrell Issa dig, dig, dig, and the deeper the better.
My Poem: On Airways-My Defense of Limbaugh Vs. Stimulus
Here is a poem that I created while the Porkulus, better known as the Stimulus, was being debated in Congress. Only Ten Percent of funds from the Stimulus have entered into our economic universe and so far it has shown to have been a complete crock, and a total waste of money for increasing jobs in both the recent past and at the present time. Where are the shovel ready jobs that Democrats said were ready and waiting for money? How's that hopey and changey happening for all you Obambi supporters? Well, so far only a few and far between number of jobs have been created, and how many actually came from the Stimulus is in question. I hope you enjoy this video and poem, that I created to defend Rush Limbaugh, and is a rant against the Porkulus.
On Airways
Rush Limbaugh stands for freedom on the airwaves
We are always glad when he's on the air
Saying no to failed policies
And the lefts hypocrosies
Free speech for all on the airwaves is fair
GOP needs to follow Rush"s example
Rush wants America to succeed
Setting libs straight with the truth
Obama wants to shut Rush up
Wishing voters had sense at the booth
Obama's just a pup
Liberals, don't keep free speech from the airwaves
Listen to Rush, and do not be Oprahbots
Say no to liberal giveaways
We need to follow the Reagan way
Say no to Government controlling us like robots
Rush keep on taking a stand for you and me
This Stimulus needs a miracle from God
Saying no to a prok filled bill
Dems on the hill, take a chill pill
There's so much pork in this bill I can smell
the bacon all the way from here
Oh Where, Oh Where Have The Stimulus Funds Been Wasted?

The Porkulus(Stimulus)
is filled
is filled
with soooooo
much Pork. . . .
that I can smell the
bacon all the way here. . .
(wherever you live)
all the way
from Washington D.C.
Here are some examples of many of the wasteful projects that Dirty Harry, Slicky Dickie, and Wicked Witch Pelosi of the West authorized when voting YES to pass PORKULUS, and in doing so wasted loads of taxpayer money.
1)The Stimulus Package vital water pumps in California were shut down to protect a 2-inch minnow called the Delta Smelt. Two-Thirds of the farmers in CA depend on this water for the growth of their crops.
And this is so ridiculous. . . .
the damn fish are causing. . . .
80,000 people to lose their jobs and raising the unemployment rate for both cities of Mendota and Firebaugh to 41% unemployment, the highest in the nation.
2) Non-Existent Oklahoma Lake in Line for Over $1 Million ToConstruct a New Guardrail Optima Lake was built in the 1960's but one huge problem still exists today. The lake NEVER filled up with water. In 1997, Alan Riffel, then-City Manager of nearbyWoodward, Oklahoma, called the lake, “one of Oklahoma’s greatest boondoggles.”
3) South Dakota fish hatchery to spend half of a $20,000 grant on a freezer for fish sperm.
4) The U.S. Department of the Interior will spend $280 million on wildlife refuges and fish hatcheries, $630,000 on a bridge at the National Bison Range, and $249,000 for solar panels at Ennis Fish Hatchery. Refuges and hatcheries in Montana will receive about $3 million of theInterior Department's stimulus spending at Ennis Fish Hatchery
5) Federal stimulus cash paying for a fish hatchery and a new visitor center in Missouri. $2.9 million will go to a new Mingo National Wildlife Refuge visitor center in Missouri, and an additional $940,000 will go for solar power at a Fish Hatchery.
4) The U.S. Department of the Interior will spend $280 million on wildlife refuges and fish hatcheries, $630,000 on a bridge at the National Bison Range, and $249,000 for solar panels at Ennis Fish Hatchery. Refuges and hatcheries in Montana will receive about $3 million of theInterior Department's stimulus spending at Ennis Fish Hatchery
5) Federal stimulus cash paying for a fish hatchery and a new visitor center in Missouri. $2.9 million will go to a new Mingo National Wildlife Refuge visitor center in Missouri, and an additional $940,000 will go for solar power at a Fish Hatchery.
Rev. Jeremiah The Bullfrog spewed speech like "God D**n" America" and Obama listened in one a pew for over 20 years. Now Obama says YES to the fishies, but NO to Americans and their jobs.
6) $800,000 for little-used Johnstown, Pennsylvania airport to repave a back-up runway; the “Airport for Nobody” Has Already Received Tens of Millions in Taxpayer dollars
The airport is called John Murtha Airport
7) Little-Used “Shovel-Ready” Bridges in Rural Wisconsin Given Priority Over Widely Used Structurally Deficient Bridges.
8) Pawtucket, Rhode Island spending $550,000 on a skateboard park.
9) The Florida Department of Transportation plans to spend $128 million on the proposed Indian Street Bridge, though it does not yet have all the property it needs. The proposed funding of $128 million will be used to build a bridge a quarter of a mile away from an existing bridge, but it is unclear whether it is “shovel-ready.” According to CNN, “the state has yet to buy all the property it needs for the right-of-way leading to the bridge."
10) Virginia will spend $340,000 on a rural bridge that carries only 20 cars a day. The Rock Creek Road bridge leads to a gravel road with seven houses. Two residents of Rock Creek Road said they had not realized the bridge was in disrepair and were not sure that was the best use of the stimulus funds. VDOT officials say their top priority in choosing projects was how quickly they could get started.
11) “Microsoft Bridge” in Seattle will receive $11 million in stimulus funds. Despite having nearly $20 billion in cash reserves, Microsoft will be the prime beneficiary of $11 million for construction of a bridge to connect the two campuses of its headquarters. Separated by a
highway, the Microsoft headquarters outside of Seattle in Redmond, Washington will now be
linked by an unusual diagonally shaped bridge, once construction is completed.
Eric Cantor- Republican Weekly Address
Eric Cantor, one of the leading members in the Republican Party gives The Republican Weekly Address:
Here is the text of Eric Cantor's Weekly Address:
Hello.
I’m House Republican Whip Eric Cantor and I have the great privilege of representing the hardworking people of Virginia’s seventh district.
American families and small businesses today are struggling. Republicans have put forth thoughtful, serious and comprehensive plans of action that put jobs first. We offered an economic recovery plan that would have revitalized struggling small businesses and helped middle-class families by putting Americans back to work. Yet, the President, in tandem with Democrats in Congress, have pushed through a $787 billion dollar bill full of pork barrel spending, government waste, and massive borrowing cleverly called ‘stimulus.’
There is no doubt that our nation faces many challenges, but the plain truth is that President Obama’s economic decisions have not produced jobs, have not produced prosperity, and simply have not worked. President Obama has already asked you to borrow trillions of dollars, and so far nearly 3 million jobs have been lost alone this year.
Remember the promises? They promised you that if you paid for their stimulus, jobs would be created immediately. In fact, they said that unemployment would stay under eight percent. Yet just months later, they are telling us to brace for unemployment to climb over ten percent. They promised jobs created. Now they scramble to find a way to play games with government numbers by claiming jobs saved.
Simply put, this is now President Obama’s economy and the American people are beginning to question whether his policies are working.
But that doesn’t mean we are out of options. Together, we can bring about a strong and real recovery. We can create an environment that empowers small businesses and American workers to thrive. We must focus on job creation and restoring the financial and retirement security lost by millions of Americans. And for the sake of our children and our long-term fiscal viability, Washington must stop spending money that it doesn’t have.
That’s why every day, my Republican colleagues and I are fighting to enact policies that will stabilize our economy, create jobs and ignite prosperity. You and your family deserve no less.
Since January, we have offered alternatives to the out-of-control, big government, Democrat agenda that unfortunately became law and has completely failed to create jobs. Our plan is simple and smart and its strength is that it doesn’t invest in Washington, it invests in the American people.
We believe Washington should stop its war on the Middle Class and reduce taxes so every hardworking, taxpaying-family in America will see an immediate increase in their income. A prosperous middle class is critical for our entire nation’s well being.
We believe Washington must stop targeting America’s small businesses and instead should empower them by allowing employers to take a tax deduction to free up funds to retain and hire new workers. Our history proves that it is the small businessmen and women who will reignite our economy by putting people back to work. Washington should get out of the way and encourage small business employers to start or grow a business.
Lastly, we believe Washington must be responsible for every taxpayer dollar that is spent. Washington MUST live within its means. We will not support taxes hikes to pay for even more so-called stimulus spending.
The overwhelming majority of Americans are working hard and are playing by the rules. They are providing for their families and doing their part to return America to the pinnacle of prosperity.
Their reward? Trillions more in debt. For the ‘stimulus’ alone, Washington borrowed nearly ten thousand dollars from every American household. Let me ask you: do you feel $10,000 richer today? Do you feel $10,000 better off? If you don’t, please know most people agree.
That is why we continue our fight because during these tough economic times, it often seems that Washington is offering you few choices except for spend and borrow. I’m here today to let you know there are alternatives – common-sense tax relief; smart and necessary reductions in spending, and intelligent policies that do not bankrupt our nation.
That is why I’m asking you to join our fight for accountability and common-sense. Call your Congressman, your Senator, and your President and let them know that you think Washington should stop the reckless spending, stop the careless borrowing and stop the war on the Middle Class. We can do better and we will do better, but first we have to first come together to change what is going on. The time is critical, the choice is yours.
I’m Eric Cantor, and on behalf of my Republican colleagues, join with us to get Washington working for you once again.
Thank you for listening.
Here is the text of Eric Cantor's Weekly Address:
Hello.
I’m House Republican Whip Eric Cantor and I have the great privilege of representing the hardworking people of Virginia’s seventh district.
American families and small businesses today are struggling. Republicans have put forth thoughtful, serious and comprehensive plans of action that put jobs first. We offered an economic recovery plan that would have revitalized struggling small businesses and helped middle-class families by putting Americans back to work. Yet, the President, in tandem with Democrats in Congress, have pushed through a $787 billion dollar bill full of pork barrel spending, government waste, and massive borrowing cleverly called ‘stimulus.’
There is no doubt that our nation faces many challenges, but the plain truth is that President Obama’s economic decisions have not produced jobs, have not produced prosperity, and simply have not worked. President Obama has already asked you to borrow trillions of dollars, and so far nearly 3 million jobs have been lost alone this year.
Remember the promises? They promised you that if you paid for their stimulus, jobs would be created immediately. In fact, they said that unemployment would stay under eight percent. Yet just months later, they are telling us to brace for unemployment to climb over ten percent. They promised jobs created. Now they scramble to find a way to play games with government numbers by claiming jobs saved.
Simply put, this is now President Obama’s economy and the American people are beginning to question whether his policies are working.
But that doesn’t mean we are out of options. Together, we can bring about a strong and real recovery. We can create an environment that empowers small businesses and American workers to thrive. We must focus on job creation and restoring the financial and retirement security lost by millions of Americans. And for the sake of our children and our long-term fiscal viability, Washington must stop spending money that it doesn’t have.
That’s why every day, my Republican colleagues and I are fighting to enact policies that will stabilize our economy, create jobs and ignite prosperity. You and your family deserve no less.
Since January, we have offered alternatives to the out-of-control, big government, Democrat agenda that unfortunately became law and has completely failed to create jobs. Our plan is simple and smart and its strength is that it doesn’t invest in Washington, it invests in the American people.
We believe Washington should stop its war on the Middle Class and reduce taxes so every hardworking, taxpaying-family in America will see an immediate increase in their income. A prosperous middle class is critical for our entire nation’s well being.
We believe Washington must stop targeting America’s small businesses and instead should empower them by allowing employers to take a tax deduction to free up funds to retain and hire new workers. Our history proves that it is the small businessmen and women who will reignite our economy by putting people back to work. Washington should get out of the way and encourage small business employers to start or grow a business.
Lastly, we believe Washington must be responsible for every taxpayer dollar that is spent. Washington MUST live within its means. We will not support taxes hikes to pay for even more so-called stimulus spending.
The overwhelming majority of Americans are working hard and are playing by the rules. They are providing for their families and doing their part to return America to the pinnacle of prosperity.
Their reward? Trillions more in debt. For the ‘stimulus’ alone, Washington borrowed nearly ten thousand dollars from every American household. Let me ask you: do you feel $10,000 richer today? Do you feel $10,000 better off? If you don’t, please know most people agree.
That is why we continue our fight because during these tough economic times, it often seems that Washington is offering you few choices except for spend and borrow. I’m here today to let you know there are alternatives – common-sense tax relief; smart and necessary reductions in spending, and intelligent policies that do not bankrupt our nation.
That is why I’m asking you to join our fight for accountability and common-sense. Call your Congressman, your Senator, and your President and let them know that you think Washington should stop the reckless spending, stop the careless borrowing and stop the war on the Middle Class. We can do better and we will do better, but first we have to first come together to change what is going on. The time is critical, the choice is yours.
I’m Eric Cantor, and on behalf of my Republican colleagues, join with us to get Washington working for you once again.
Thank you for listening.
Instead Of TARP And Stimulus: What If The U.S. Had Paid Off Its Debt To China?
As a conservative, I am appalled at the way that our government has chosen to waste citizens tax dollars to bail out the car companies and the banks. I was also against the stimulus package passed by Congress in February. I believe that the government should not interfere in the free market. If a company makes bad decisions then that company should have to live with the consequences. Why should our tax dollars be used to help out a company that made bad decisions? If I made a bad decision and found myself in debt, would the government bail me out? I highly doubt it. Nor do I think that the government should. The stimulus money was meant to stimulate the economy and increase the number of jobs in the U.S. Most of the money in the stimulus package went to special interest groups and their projects and the money did not go toward shovel ready jobs. Some states didn’t even know how they were going to use their portion of stimulus dollars. The American people were told that shovel ready jobs were waiting to be completed and that the money was needed to hire workers, but that wasn't true. Are there more projects being completed in your area? I don’t see any big increases, if at all, with regard to shovel ready jobs in the Pittsburgh area.
In searching on the internet I found out on Wikianswers.com that as of April 6, 2008 the United States owes China $492 billion. Then, by coincidence today Stuart Varney from the Fox Business Network stated that China owns $763 billion of U.S. Treasury debt. That means that the United States owes at least that amount of money to China. The U.S. government has spent $787 billion on the Stimulus Bill and about $700 billion was on TARP. What if the U.S. had used the money we spent on both TARP and the Stimulus Bill and paid off our debt to China? Would that have been a good idea? Then the U.S. would not be beholden to China. Would that allow the U.S. to have more opportunities in the trading market? If the United States had paid off its debt to China then the U.S. could have started producing more made in the U.S.A. goods and exporting them. I believe that this could have created new jobs. I think that the U.S. should still trade with China but it seems to me that now the U.S. is mainly buying and importing cheap goods from China. It seems like the United States is not exporting nearly as many products as it was 40 or 50 years ago. Do you think that China would stop trading with the U.S. if we paid our debt to them? Would paying off the debt to China hurt the U.S. economy? I think it would benefit the U.S. if the United States paid off the debt that we owe China.
In searching on the internet I found out on Wikianswers.com that as of April 6, 2008 the United States owes China $492 billion. Then, by coincidence today Stuart Varney from the Fox Business Network stated that China owns $763 billion of U.S. Treasury debt. That means that the United States owes at least that amount of money to China. The U.S. government has spent $787 billion on the Stimulus Bill and about $700 billion was on TARP. What if the U.S. had used the money we spent on both TARP and the Stimulus Bill and paid off our debt to China? Would that have been a good idea? Then the U.S. would not be beholden to China. Would that allow the U.S. to have more opportunities in the trading market? If the United States had paid off its debt to China then the U.S. could have started producing more made in the U.S.A. goods and exporting them. I believe that this could have created new jobs. I think that the U.S. should still trade with China but it seems to me that now the U.S. is mainly buying and importing cheap goods from China. It seems like the United States is not exporting nearly as many products as it was 40 or 50 years ago. Do you think that China would stop trading with the U.S. if we paid our debt to them? Would paying off the debt to China hurt the U.S. economy? I think it would benefit the U.S. if the United States paid off the debt that we owe China.
Labels:
bailouts,
China,
debt,
economy,
government,
money,
Stimulus,
TARP,
U.S.,
U.S. Treasury
Subscribe to:
Posts (Atom)

