Tuesday, February 10, 2009

Real Stimulus Idea Will Be Ignored

In the spirit of fairness I wanted to write about a very good alternative economic stimulus idea I came across. It was offered up by Rep. Walt Minnick, a House Democrat from Idaho. Minnick devised a stimulus plan that limits itself to real stimulus, rather than bloating itself into a package of pure “Porkulus”. It costs only $170 billion, and self-terminates when the economy recovers. Genius!

…And for that reason it is doomed to oblivion.

Here is the article I read:


While President Barack Obama goes on the road to shore up slipping popular support for the $1 trillion stimulus bill that he ordered up from Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi, Rep. Walt Minnick, a freshman Democrat from Idaho, is pushing a better idea: The Strategic Targeted American Recovery and Transition Act (START). Minnick is a member of the Blue Dog caucus of occasionally conservative Democrats. His START plan is 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.

Minnick introduced START as an alternative – just in case the legislative process stalls out, says press secretary John Foster. As one of the brave 11 Democrats who voted against Pelosi’s stimulus bill, Minnick explained to folks back home that he opposed the speaker’s version because it was so “Christmas-treed up” with wasteful spending, like $300 million for golf carts. Foster told The Examiner that the House leadership encourages members to do what’s best for their districts, so there has been no backlash. We’ll see how long that lasts.


Yet, President Obama in last night’s press conference had the audacity to tell the American public that the stimulus package that is currently on the senate floor has no “earmarks”. Really? I suppose it all comes down to what one’s definition of “earmark” is. To me it’s anything that doesn’t go to either A) cut taxes, B) promote growth in business, and C) create jobs. Here is a short list of some of the items I’ve seen in the so called “earmark free” stimulus package, and honestly it so hard to tell:


$2 billion earmark for FutureGen near zero emissions powerplant in Mattoon, IL
$39 billion slush fund for “state fiscal stabilization” bailout
$5.5 billion for making federal buildings “green” (including $448 million for DHS HQ)
$200 million for workplace safety in USDA facilities
$275 million for flood prevention
$65 million for watershed rehabilitation
$200 million for public computer centers at community colleges and libraries
$650 million for the DTV transition coupon program
$307 million for constructing NIST office buildings
$1 billion for administrative costs and construction of NOAA office buildings
$100 million for constructing U.S. Marshalls office buildings
$300 million for constructing FBI office buildings
$800 million for constructing Federal Prison System buildings and facilities
$10 million to fight Mexican gunrunners
$1.3 billion for NASA (including $450 million for “science” at NASA)
$100 million to clean up sites used in early U.S. atomic energy program
$10 million for urban canals
$2 billion for manufacturing advanced batteries for hybrid cars
$1.5 billion for carbon capture projects under sec. 703 of P.L. 110-140 (though section only authorizes $1 billion for five years)
$300 million for hybrid and electric cars for federal employees
$198 million to design and furnish the DHS headquarters
$255 million for “priority procurements” at Coast Guard (polar ice breaker)
$500 million for State and local fire stations
$180 million for construction of Bureau of Land Management facilities
$500 million for wildland fire management
$110 million for construction for the U.S. Fish and Wildlife Service
$522 million for construction for the Bureau of Indian Affairs
$650 million for abandoned mine sites
$75 million for the Smithsonian Institution
$1.2 billion for summer jobs for youth
$412 million for CDC headquarters
$500 million earmark for NIH facilities in Bethesda, MD
$160 million for “volunteers” at the Corp. for National and Community Service
$750 million earmark for the National Computer Center in MD
$224 million for International Boundary and Water Commission – U.S. and Mexico
$850 million for Amtrak
$100 million for lead paint hazard reduction

1 comment:

Anonymous said...

$650 million for the DTV transition coupon program...REALLY?!

Obamanation administration wants to postpone the analog cut-off for a few months so that it can get the coupons flowing again and establish an adequate call center... which I'm sorry FCC-should have been done from the BEGINNING!

And the poor broadcasters, the one's who actually did their job from the beginning are going to pay for it.