how does the stimulus bill help the private sector?

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1 The Stimulus Bill Pork Of the $900 billion stimulus package, more than $100 billion goes to the Federal Government View these slides and see if you can figure out how this will get the private economy working again

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A close examination of the stimulus bill shows that most of the money goes to the Federal and State governments. The Federal government already has a $2.7 trillion budget--and that hasn't "stimulated" the economy.

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Page 1: How does the Stimulus Bill help the private sector?

1

The Stimulus Bill Pork

Of the $900 billion stimulus package, more than $100 billion goes to the Federal Government

View these slides and see if you can figure out how this will get the private economy working again

Page 2: How does the Stimulus Bill help the private sector?

2/8/2009 2

Inspector Generals

• Money for the inspector general offices of 19 government agencies—in addition to their regular 2009 budget:

• $198.5 million tax dollars

Page 3: How does the Stimulus Bill help the private sector?

2/8/2009 3

Government Accounting Office

• $25 million above their regular budget

Page 4: How does the Stimulus Bill help the private sector?

2/8/2009 4

Special new board to oversee the stimulus spending

• $14 million, provided they meet once a month

Page 5: How does the Stimulus Bill help the private sector?

2/8/2009 5

Department of Agriculture

• In addition to their regular $95 billion budget:• $44 million tax dollars for rentals• $209 million tax dollars for maintenance• $245 million for salaries and expenses• $305 million for conservation and floods• $5.8 BILLION rural community enhancement• $22 million for rural housing• $2.8 BILLION for rural utilities

Page 6: How does the Stimulus Bill help the private sector?

2/8/2009 6

Department of Commerce

• In addition to their regular budget of $10 billion, the stimulus package gives them:

• $250 million tax dollars for “economic development”

• $350 million more for salaries and expenses

• $2.8 BILLION for wireless and broadband

Page 7: How does the Stimulus Bill help the private sector?

2/8/2009 7

Department of Justice

• In addition to their regular $44 billion budget, the stimulus package provides”

• $3 Billion for state and local law enforcement

Page 8: How does the Stimulus Bill help the private sector?

2/8/2009 8

NASA

• In addition to their regular $17 billion budget:

• $400 million for more climate research

Page 9: How does the Stimulus Bill help the private sector?

2/8/2009 9

National Science Foundation

• In addition to their regular budget of $6 billion:

• The stimulus package adds another $2.5 Billion for “Research and Related Activities”

Page 10: How does the Stimulus Bill help the private sector?

2/8/2009 10

Department of Defense

• In addition to their $440 Billion budget and 3 million employees, the stimulus package provides:

• $4.5 Billion for more “energy efficient” DOD facilities

Page 11: How does the Stimulus Bill help the private sector?

2/8/2009 11

Dept. of the Army Corps of Engineers

• In addition to their regular $10 billion budget:

• $2 Billion for “construction”

Page 12: How does the Stimulus Bill help the private sector?

2/8/2009 12

Department of the Interior

• In addition to their regular budget of $10 billion:

• $500 million for “water and related resources”

Page 13: How does the Stimulus Bill help the private sector?

2/8/2009 13

Department of Energy

• In addition to their regular $24 billion budget:

• $18.5 Billion for “Energy Efficiency and Renewable Energy.

• $2 Billion of this $18.5 is for salaries for DOE people associated with this new work

Page 14: How does the Stimulus Bill help the private sector?

2/8/2009 14

Federal Building Fund

• In addition to all the other money given to federal agencies and departments for additional maintenance, etc., the bill adds an additional:

• $7.7 Billion for construction, alteration, and repair of federal buildings and real property

Page 15: How does the Stimulus Bill help the private sector?

2/8/2009 15

Small Business Administration

• In that the SBA is a source of funds for small businesses, which now account for nearly 80 percent of the job growth in the United States, the new stimulus package adds an embarrassing $426 million for SBA loans

Page 16: How does the Stimulus Bill help the private sector?

2/8/2009 16

Department of Labor

• In addition to their regular budge of over $60 billion:

• Another $4 Billion for “training and employment services.”

Page 17: How does the Stimulus Bill help the private sector?

2/8/2009 17

Dept. of Health and Human Services

• In addition to their regular budget of $640 billion (read that twice, $640 billion):

• $2.2 Billion for more heath and human services.

Page 18: How does the Stimulus Bill help the private sector?

2/8/2009 18

National Institutes of Health

• An additional $1.5 Billion to spruce up rented buildings

Page 19: How does the Stimulus Bill help the private sector?

2/8/2009 19

Office of the national coordinator for information health technology

• $2 Billion to put health information on a database

Page 20: How does the Stimulus Bill help the private sector?

2/8/2009 20

Department of Education

• In addition to their regular $70 billion budget:

• $13 Billion for the education of disadvantaged children

Page 21: How does the Stimulus Bill help the private sector?

2/8/2009 21

Department of State

• In addition to their $35 billion budget:

• $276 million for their “capital investment fund”

Page 22: How does the Stimulus Bill help the private sector?

2/8/2009 22

Dept. of Transportation

• In addition to their $58 billion budget:

• An additional $3 billion for airports

Page 23: How does the Stimulus Bill help the private sector?

2/8/2009 23

This list goes on and on

• The net is this:• Huge amounts of this package go to make the

government larger, or to pad current budgets and salaries

• Every penny of what is left that can go to a private citizen will first have to pass through the hands and approval of dozens of federal employees.

• Plus you have to ask yourself this question: If the huge regular budgets of these agencies hasn’t stimulated the economy, how will this additional money accomplish the job?