how does the stimulus bill help the private sector?
DESCRIPTION
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.TRANSCRIPT
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
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
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Government Accounting Office
• $25 million above their regular budget
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Special new board to oversee the stimulus spending
• $14 million, provided they meet once a month
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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
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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
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
2/8/2009 8
NASA
• In addition to their regular $17 billion budget:
• $400 million for more climate research
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”
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
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Dept. of the Army Corps of Engineers
• In addition to their regular $10 billion budget:
• $2 Billion for “construction”
2/8/2009 12
Department of the Interior
• In addition to their regular budget of $10 billion:
• $500 million for “water and related resources”
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
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
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
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Department of Labor
• In addition to their regular budge of over $60 billion:
• Another $4 Billion for “training and employment services.”
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.
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National Institutes of Health
• An additional $1.5 Billion to spruce up rented buildings
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Office of the national coordinator for information health technology
• $2 Billion to put health information on a database
2/8/2009 20
Department of Education
• In addition to their regular $70 billion budget:
• $13 Billion for the education of disadvantaged children
2/8/2009 21
Department of State
• In addition to their $35 billion budget:
• $276 million for their “capital investment fund”
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Dept. of Transportation
• In addition to their $58 billion budget:
• An additional $3 billion for airports
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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?