WAVX OT & Uncensored (WAVX)

[TonyMcFadden]

Weby, the bill, as approved, has billlions in non-stimulus related spending (download copies of it here http://www.speaker.gov/blog/?p=1694 and read it -- something the politicos approving this failed to do)

There are billions that won't be spent for at least two years. How does THAT help?

Yes, rebuild schools, roads and other labour intensive infrastrucure projects. Fastest way to get the economy going and confidence up. I think (and I will try to do a detailed look at the bill in the next couple of days) that those types of confidence and economy building stimulants make up about $300 - $400 billion of the bill. The rest really can't be considered much more than vote buying...

$1,000,000,000 for Low-Income Home Energy Assistance
$3,000,000,000 for 'necessary expenses for a ‘‘Prevention and Wellness Fund’’
$39,500,000,000 not available until July 1, 2010 for a "State Fiscal Stabilisation Plan", what ever that is.

How does that stimulate things?

This is money that generations of tax payers will have to give back.

As someone described it, it's like taking buckets of water from the deep end of the pool, spilling half of it on the ground and pouring the rest in the shallow end in an attempt to make the shallow end deeper.

Yes, spending is needed. But for legislators to sign off on something this frickin' huge without even reading it is extremely irresponsible. If I don't scrutinise invoices for $50,000 I'm irresponsible. This is outrageous.