Monday, February 2, 2009

Politics of Payoff

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I love this. The new kind of politics of hope. Eight hours of debate in the House of Representatives to pass a bill spending $820 billion - or roughly $102 billion per hour of debate. This bill is sent to Congress after President Obama has been in office for seven days. It is 680 pages long. According to my calculations, not one member of Congress read the entire bill before this vote. Obviously, it would have been impossible, given his schedule, for the president to have read the whole thing.

Only 10 percent of the "stimulus" to be spent on 2009.

Close to half goes to entities that sponsor or employ (or both) members of the Service Employees International Union, federal, state, and municipal employee unions or other Democrat-controlled unions. [snip]

There has been pork-barrel politics since there has been politics, but the scale of this pork is beyond what had ever been imagined before. For the amount spent, we could have given every unemployed person in the United States roughly $75,000.

How long until the debt incurred under this program is so immense that it causes a downgrade in the nation's sovereign debt? What happens to us then?

This is a coup for the constituencies of the party in power and against the idea of a responsible government itself...

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