Although the proposal has been billed as a transportation and infrastructure investment package, only 3 percent of the proposed funding would be for road and highway spending. Instead the bill includes billions of dollars for federal subsidies, pet projects and bureaucracy, including $600 million to buy new cars for the federal government and $275 million to upgrade computers at the State Department.
We already have a $10 trillion debt. It would be irresponsible to borrow another $825 billion and pass this massive debt on to our children and our grandchildren with no reasonable expectation that it will create jobs or boost the economy.
Instead, I supported an alternative bill that would have cost half the money and created twice as many jobs. This measure failed to pass the House.
The so-called stimulus package that just passed the U.S. House will not only fail to accomplish its stated purpose, it will damage the economic health of our country for decades to come.
President Barack Obama at least tried to reach out to House Republicans, meeting with us earlier in the week. His best attempts fell flat, however, as not a single Republican voted for the package. Speaker Nancy Pelosi and her liberal chairmen did not even attempt to reach out.
The problem started when Democrats began dusting off proposals rejected during years of Republican control and festooned the package with pork-like projects that would never pass muster in a stand-alone bill. They then rushed it through on an artificial deadline with little debate or consideration. Even worse, most of the bill no longer has anything to do with creating jobs and creating them quickly.
From Washingtonpost.com:
Eight Questions on the Stimulus Package:
Do we really need to do this?
Where would the money come from?
How quickly would the money be spent?
How would the money be spent?
Where would the jobs be?
How would we know the plan was meeting its goal of saving or creating 3 to 4 million jobs?
How quickly would the economy recover?
Would this be the beginning of a new New Deal?
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