No matter what country you may live in, you have likely heard about how the new President and the Democrat controlled Congress was going to save the world and solve all of the world’s problems from the economic issues, environmental issues, and more.
The media is bragging about the $ billion dollar “economic stimulus” that is supposedly needed immediately for the purposes of “saving jobs and saving America’s economy.” They talk non-stop about how it will create jobs for all of the infrastructure projects.
Either they are clueless or lying. Read the bill yourself. The safe conclusion is they aren’t total morons and the President, Congress, and most of the American media is lying through their teeth. It is $1.1-$3.27 trillion dollars and counting in utterly useless spending.
Total amount that can be argued as economic stimulus:
$20 billion for business tax cuts
$40 billion for broadband and electric grid development, airports and clean water projects (better if done by private sector)
$30 billion for roads and bridges,
$9 billion for public transit and
$1 billion for inter-city rail
Add that up and it tops out at $90-$100 billion. (*Note: None of those projects would even start for 3+ years realistically.) So what about the remaining $719 (or whatever the number ends up) billion then?
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2 Comments
Hi Ate Anah! Kumusta? it’s been a while since I last visited here.
I’m sorry about your bedroom wall. It’s a good thing no one was hurt.
Anyway, I agree. Life is beautiful! ^_^