The current ‘Stimulus’ Bill of $850 Billion dollars that was passed by the House and is now before the Senate will cost each taxpayer an average of $6,296 according to the most current tax statistics available.
However, if you have worked hard enough to earn over $100,000 per year your portion of that bill will be closer to $16,000. And if you happen to earn in excess of $200,000 your ‘fair share’ of this Stimulus ‘Bill’ will likely be over $50,000. The tax data used here are taken from US Census records, and can be found at the following link: U.S Census Tax Return Statistics
Your portion of this debt cited above is in addition to the similar debt from the prior stimulus bill. One problem that no one dares to mention is that much of this huge stimulus package involves the creation of new government programs and expansion of others. The Federal Government is great at creating new programs, but finds it very difficult to cut programs. These programs and increased cost will continue long after the economy rebounds. The debt will continue to grow.
This bill is not about economic stimulus. It is about expanding government, special interests, and to pay back political favors. The root of this economic collapse was government meddling in the banking industry, mandating or encouraging unsustainable changes to lending rules to satisfy a political constituency. Now many of those same politicians that helped create the problem are ramming through the same types of ’solutions’ that got us here in the first place. There is much more ‘Bill’ here than there is Stimulus.
Here is a link where you can find the full text of the ‘Stimulus’ Bill as it was sent to the Senate. http://readthestimulus.org/
When you get to the page check out the links on the left column. The ‘Senate Version’ link will give you the full text of the current bill. Click on the Spreadsheet link to get a quick glimpse of the amount of your money we are talking about, and how much will be spent on special interest projects. This bill is not about economic stimulus. Read the rest of this entry »
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I have posted the text and audio of President Obama’s Inauguration speech, but will offer only limited general comments at this time.
Over the last eight years many on the left have refused to address President Bush by his rightful title, referring to him merely as “Bush” or in more derogatory terms. I will not disrespect the dignity of the office and will refer to our current president as President Obama.
I hope and pray that he enacts policies that are consistent with the constitution and the principles of the founding fathers, and will support him when he does. However, my expectations are not high and I will strongly oppose him when he does not adhere to the oath that he took today to preserve, protect, and defend the Constitution of the United States.
I found many conflicts in his inaugural speech, and want to take some more time analyzing the text before commenting in detail. In my opinion the quality of this speech fell far short of what we have come to expect from Barack Obama.
There were times when the words he spoke could have come from Ronald Reagan, but those words do not align with his past statements and actions.
There were other parts of the speech that were fully consistent with his record and rhetoric of big government solutions to any situation.
I am confident that he has not suddenly become a fan of President Reagan, and realize that we will once again have to closely parse the President’s words and rummage through the fluff and camouflage to try to determine the true thoughts behind the words.
I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.
Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.
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