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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

How does the Stimulus Bill help the private sector?

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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?

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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

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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

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Department of Justice

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

• $3 Billion for state and local law enforcement

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NASA

• In addition to their regular $17 billion budget:

• $400 million for more climate research

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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”

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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”

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Department of the Interior

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

• $500 million for “water and related resources”

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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

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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

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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.”

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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

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Department of Education

• In addition to their regular $70 billion budget:

• $13 Billion for the education of disadvantaged children

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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?