Monday, February 2, 2009

Job Creation, Stimulus or Pork?

We are told by the Congress that they must pass the $800-900 Billion plan to stimulate the economy and create millions of jobs.

Check out a summary of the bill by House Democrats here (skip past the first three pages and look at the laundry list of spending plans) or the actual bill here (if you are having trouble sleeping).

In case you don't have time to do either, here is just a sampling of items that may be worthy but may not create jobs or stimulate anything:
  • $6.2 Billion to weatherize homes for low income families
  • $13 Billion in Special Education grants
  • $13 Billion in grants for disadvantaged kids
  • $87 Billion to states for Medicaid costs
  • $79 Billion to states for bonus grants, education, and other stuff
  • My personal favorite: $650 million for coupons for Americans who have to buy converter boxes to go from analog to digital TV
See for yourself -- there are over 130 items in the summary. The Senate is deliberating on this today.
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