Stimulus for Who?

Texas Straight Talk
A weekly column
January 26, 2009
By Rep. Ron Paul [R, TX-14]
Stimulus for Who?
This week the House is expected to pass an $825 billion economic stimulus package. In reality, this bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate. So much for change. This is déjà vu. We are again being promised that its passage will help employment, help homeowners, help the environment, etc. These promises are worthless. This time around especially, Congress should know better than to pass anything of this magnitude without first reading the fine print.

There are many red flags that I have found in this bill.

• At least $4 billion is allocated to expanding the police state and the war on drugs through Byrne grants, which even the Bush administration opposed, and the COPS program, both of which are corrupt and largely ineffective programs.
• To help Big Brother keep a better eye on us and our children, $20 billion would go towards health information technology, which would create a national system of electronic medical records without adequate privacy protection. These records would instead be subject to the misnamed federal “medical privacy” rule, which allows government and state-favored special interests to see medical records at will. An additional $250 million is allocated for states to nationalize individual student data, expanding Federal control of education and eroding privacy.
• $79 billion bails out states that haphazardly expanded their budgets during the bubble years, but refuse to retrench and cut back, as their taxpayers have had to, during recession years.
• $200 million expands Americorps.
• $100 million goes to “faith-and-community” based organizations for social services, which will further insinuate the government into charity and community service. Private charities are much more efficient and effective because they are directly accountable to donors, while public programs tend to get rewarded for failure. With its money, the Federal Government brings its incompetence and its whims, while creating foolish dependence. This is sad to see.

Of course the bill is rife with central planning projects.

• $4 billion for job training, much of which will be used to direct workers into “green jobs”.
• $200 million to “encourage” electric cars
• $2 billion to support US manufacturers of advanced batteries and battery systems, which is yet another function of government I can’t find in the Constitution.
• Not to mention $500 million for energy efficient manufacturing demonstration projects
• $70 million for a Technology Innovation Program for “research in potentially revolutionary technologies” in which government, not supply and demand, will pick winners and losers.
• $746 million for afterschool snacks
• $6.75 billion for the Department of Commerce, including $1 billion for a census.

This bill delivers an additional debt burden of $6,700 to every American man, woman and child.
There is a lot of stimulus and growth in this bill – that is, of government. Nothing in this bill stimulates the freedom and prosperity of the American people. Politician-directed spending is never as successful as market-driven investment. Instead of passing this bill, Congress should get out of the way by cutting taxes, cutting spending, and reining in the reckless monetary policy of the Federal Reserve.

"That government is best which governs the least, because its people discipline themselves."

- - Thomas Jefferson

February 4th update: The War On Prosperity continues, with more wasted money.

$1 billion for Amtrak, which hasn’t earned a profit in four decades.
$2 billion to help subsidize child care.
$400 million for research into global warming.
$2.4 billion for projects to demonstrate how carbon greenhouse gas can be safely removed from the atmosphere.
$650 million for coupons to help consumers convert their TV sets from analog to digital, part of the digital TV conversion.
$600 million to buy a new fleet of cars for federal employees and government departments.
$75 million to fund programs to help people quit smoking.
$21 million to re-sod the National Mall, which suffered heavy use during the Inauguration.
$2.25 billion for national parks. This item has sparked calls for an investigation, because the chief lobbyist of the National Parks Association is the son of Rep. David R. Obey, D-Wisc. The $2,25 billion is about equal to the National Park Service’s entire annual budget. The Washington Times reports it is a threefold increase over what was originally proposed for parks in the stimulus bill. Obey is chairman of the House Appropriations Committee.
$335 million for treatment and prevention of sexually transmitted diseases.
$50 million for the National Endowment for the Arts. $4.19 billion to stave off foreclosures via the Neighborhood Stabilization Program. The bill allows nonprofits to compete with cities and states for $3.44 billion of the money, which means a substantial amount of it will be captured by ACORN, the controversial activist group currently under federal investigation for vote fraud. Another $750 million would be exclusively reserved for nonprofits such as ACORN – meaning cities and states are barred from receiving that money. Sen. David Vitter, R-La., charges the money could appear to be a “payoff” for the partisan political activities community groups in the last election cycle.
$44 million to renovate the headquarters building of the Agriculture Department.
$32 billion for a “smart electricity grid to minimize waste.
$87 billion of Medicaid funds, to aid states.
$53.4 billion for science facilities, high speed Internet, and miscellaneous energy and environmental programs.
$13 billion to repair and weatherize public housing, help the homeless, repair foreclosed homes.
$20 billion for quicker depreciation and write-offs for equipment.
$10.3 billion for tax credits to help families defray the cost of college tuition.
$20 billion over five years for an expanded food stamp program.

Republican leaders say the stimulus package will add 32 new government programs at a cost of $136 billion. They object that many of the programs, once established, are likely to continue indefinitely.

Most media outlets are reporting the cost of the package at $819 billion. As Newsmax revealed yesterday, however, the Congressional Budget Office calculates that the interest on the debt generated by the bill’s spending will cost another $347.1 billion, making the total cost approximately $1.17 trillion.

The current bailout/counterfeiting exercise is their desperate attempt to maintain control in a time when the power of their fiat money tricksterism is slipping away with amazing speed. After promising change, Obama's decision to fulfill the promises with more scamming is genuinely disgusting.

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