The more that comes out about this bill, the less it makes sense, even The Politico, which is one of these places totally in the tank for Obama, reports the projected local job creation numbers that the White House is using to lobby for the bill simply don’t add up. The Wall Street Journal, reports federal agencies simply don’t have the contracting manpower to manage what is a truly unprecedented explosion of government spending.

And get this, you probably heard about this. Harry Reid got his train from Disneyland to Las Vegas. It’s a train that travels 311 miles an hour and makes the trip in two hours. That’s an $8 billion earmark. The environmental impact studies alone will take more than five years to complete. Before they even break ground on the construction of this super train, what is the five years of environmental impact studies gonna cost?

It’s an abomination. It is an outright abomination and if there were a watchdog media that were concerned, either as professionals or as citizens, this thing would be in huge trouble. But it’s not.

Does anybody in his or her right mind think that the biggest spending spree in history has to be voted on before anybody reads it today or that the economy will collapse?

It’s the same modus operandi:

We don’t have time, Obama wants this, we have to vote for it.

If you think the only thing that can save our economy is that Congress vote today before anyone has time to read it, then you probably are one of the 50% of non-taxpayers that are not going to have to pay for this.

Do you know this thing also gets rid of welfare reform? This thing totally gets rid of welfare reform. This bill will reward state governments for the more people they enroll on non-work required welfare plans. Everything you’ve heard about health care is in the final bill. It sets up the bureaucracy for national health care. $2 billion is there for ACORN, for neighborhood stabilization. It’s down from the four, but still the Democrats are using you taxpayers to fund one of their organizations that engages in illegal voter fraud, or voter registration vote fraud, in essence, and other things.

Now, interesting, when we get to the Senate for the vote, Senator Kennedy is too ill to make it. He will not be able to get to Washington. They need 60 votes on this. Harry Reid says he’s going to try to find a parliamentary rule to ensure that neither Specter, Collins, or Snowe is the 60th vote. He is going to protect them. He is going to find a way that they get to vote prior to where they would in the roll call so that their votes are tabulated before the magic 60th vote takes place. It was the last chance for Olympia Snowe and Arlen Specter to understand what they hold in their hands. What they hold in their hands is the next generation of our economy in the tank. It was in the hands of two Republicans.

From the Heritage Foundation:

“True Cost of Stimulus: $3.27 Trillion — All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent? Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find?”

There’s a chart and a table that Heritage publishes.

“[T]he true 10 year cost of the stimulus bill $2.527 trillion in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.”

Senator McCain is calling it “generational theft,” which is exactly what it is.

“What’s the big deal about spending?” All of your life have maybe heard peripherally that we’re running budget deficits and that we have a national debt this high and you’ve never seen the sky fall because of it. Well, you are now. That’s the bottom line here.

The #1 culprit in what’s happening now is debt.

At every level you will find irresponsible, unmanageable debt from the subprime crisis, to the “toxic assets” that were created to try to give to the subprime mortgages, which had none from the get-go, to the government owing more than it can ever pay back, to individual consumer debt. It’s just out the window, and it’s now in the process of all coming due — and the best thing to do is to let it play out. We are going to pretend that we can manage our way out of this with Big Government, Big Brother helping us, experience as little pain as possible when in fact what they are on the verge of doing is going to cause pain that you can’t believe. The results are going to be so inflationary.

You can see all of this at AskHeritage.org. They touch on the inescapable inflationary aspects of this down the road. It’s impossible for inflation not to increase, and probably dramatically because of all this. But aside from all that, the reason that all of this spending matters is that we have lived in a capitalist country all of our lives, and there have been battles throughout our nation’s history between people who believe in liberal socialism and capitalism because capitalism is said to provide unequal, unfair outcomes. Capitalism features winners and features losers. Liberalism pretends to level the playing field and say, “There will not be any losers if, one, we have Central Planning and people who have ‘compassion’ at the top running it.”

Well, what’s going to happen here, in order for liberalism, socialism to prevail, they have to find an enemy, they have to find demons, and they have. The demons now are the achievers in this country.

The left never seeks to make lives more equal by elevating those at the bottom so that they, too, might become more prosperous. Liberalism, socialism targets people at the top as achievers and punishes them, tries to take away from them so that everybody is equally miserable.

All of this spending is going to mean far less money in the private sector where your jobs are. If employers have far less money to expand and hire and invest via borrowing, then you can kiss massive reemployment good-bye for a while.

Post:
Feb 5
Obama and the Stimulus – simple truths