Tuesday, February 10, 2009

Freshman Rep One-Ups Freshman President

A first term Democrat Representative has a better stimulus idea than the one the President is hawking:
...a $170 billion “bare bones” pure stimulus approach that would put $100 billion immediately into the pockets of low- and middle-income Americans, then use the other $70 billion for basic infrastructure projects that create jobs. START requires that all funds not spent by 2010 be returned to the Treasury. START also stops stimulus spending when the nation’s Gross Domestic Product increases in two of three previous quarters, and all START payments are required to be posted on a public website.
The problem with the Pelosi-Reid-Obama "stimulus" package is that it is nothing more than the enactment by fiat of everything on their wish list, with funds for everything from ACORN to condoms. And they are so eager to pass it quickly because they are afraid the economy will rebound on its own, giving them no cover for their porkfest.

UPDATE: BTW, the PRO stimulus bill is up to 1.5 trillion.

UPDATE 2: Make that 9.7 trillion, all in. According to Bloomberg, that represents 2/3 of everything produced in the US last year. Holy Crap.

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