House Minority Leader John Boehner has compiled a useful list of "fun facts" about the House Democrats' $825 billion "stimulus" bill. For example:
• The House Democrats' bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.
• The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.
• President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs; this means that this legislation will spend about $275,000 per job. The average household income in the United States is $50,000 a year.
• The House Democrats' bill provides enough spending -- $825 billion -- to give every man, woman, and child in America $2,700.
• $825 billion is enough to give every person living in 'poverty' [even as the government defines it] in the United States $22,000 - or every person in Ohio $72,000.
Almost one-third of the so called tax relief in the House Democrats' bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package -- not the 40 percent that President-elect Obama had requested.And many Capitol Hill Democrats want to spend even more taxpayer dollars...
[* 275K per job created - an example of why government involvement doesn't pay; it costs]
http://www.powerlineblog.com/archives/2009/01/022586.php
No comments:
Post a Comment