The U.S. House voted to spend more than a trillion dollars of your money, but how much of that will actually go toward bolstering the economy? Stuart Shepard and Tom Minnery discuss some of the dubious items in the economic stimulus bill.
The stimulus bill vote in the House turned into a “partisan supported” vote with bipartisan opposition, with most Republicans and several Democrats voting against the trillion dollar behemoth.
This plan also involves giving tax breaks…to people who don’t pay taxes. It is therefore a welfare payment made on the backs of the producers, the taxpayers.
The bill also has plenty of money for public schools which are showing marginal–at best–performance, but none for private schools.
The Democrats were also looking to stash cash for contraceptives in the stimulus bill. Rather than promote the creation of more people (as some European countries are having to do) which would build up the American economy, Speaker Nancy Pelosi wants to avoid more people.
Democrats are taking advantage of the “wisdom”: Don’t let a good crisis go to waste.