Here is a great breakdown from Glenn Beck’s website by sector for some of the spending in the 2009
$32 billion: Funding for “smart electricity grid” to reduce waste
$16 billion: Renewable energy tax cuts and a tax credit for research and development on energy-related work, and a multiyear extension of renewable energy production tax credit
$6 billion: Funding to weatherize modest-income homes
Science and Technology
$10 billion: Science facilities
$6 billion: High-speed Internet access for rural and underserved areas
$30 billion: Transportation projects
$31 billion: Construction and repair of federal buildings and other public infrastructure
$19 billion: Water projects
$10 billion: Rail and mass transit projects
$41 billion: Grants to local school districts
$79 billion: State fiscal relief to prevent cuts in state aid
$21 billion: School modernization ($15.6 billion to increase the Pell grant by $500; $6 billion for higher education modernization)
$39 billion: Subsidies to health insurance for unemployed; providing coverage through Medicaid
$87 billion: Help to states with Medicaid
$20 billion: Modernization of health-information technology systems
$4.1 billion: Preventative care
$43 billion for increased unemployment benefits and job training.
$39 billion to support those who lose their jobs by helping them to pay the cost of keeping their employer provided healthcare under COBRA and providing short-term options to be covered by Medicaid.
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.
*$500 per worker, $1,000 per couple tax cut for two years, costing about $140 billion.
*Greater access to the $1,000-per-child tax credit for the working poor.
*Expansion of the earned-income tax credit to include families with three children
*A $2,500 college tuition tax credit.
*Repeal of a requirement that a $7,500 first-time homebuyer tax credit be paid back over time.
*An infusion of cash into money-losing companies by allowing them to claim tax credits on past profits dating back five years instead of two.
*Bonus depreciation for businesses investing in new plants and equipment
*Doubling of the amount small businesses can write off for capital investments and new equipment purchases.
*Allowing businesses to claim a tax credit for hiring disconnected youth and veterans
You’ve probably heard some of the wasteful spending hidden in this “economic stimulus bill”, so here is a list of some of the most questionable expenditures in the bill.
- $600 million for government fleet vehicles
- $650 million for digital TV converter box coupons
- $ 21 million to re-sod the Washington monument National Mall
- Millions spent for safe sex programs in schools
There are many more small “pork” spending appropriations, and this is how politicians gain support from advocacy groups and corporations. They create massive spending bills and hide small expenses that pay off organizations for their support in past elections. This bill is government
corruption at its finest. Nothing has changed. This bill only has about 40% of American support, and it continues to drop as we find out more about it. Most independent voters are starting to lose support for it, which shows that this isn’t just Republicans or conservatives
opposing this bill. The problem with this bill is that if it fails, we really will enter a depression from the massive debt load our country is taking on.