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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (495278)7/15/2009 12:15:10 AM
From: i-node  Read Replies (1) of 1576340
 
>> The vast majority of the projects are needed and will generate jobs.......you know it and I know it...

This is bullshit.

To begin with, the "projects" are a small part of the spending.

Of the 800 Billion, for example, 90B goes to Medicaid benefits to be paid out in '09 and '10. $80B are welfare payments via the Internal Revenue Service. $80B goes to state education funds. $50B goes to unemployed and welfare, another $41B goes to health insurance for the unemployed, and $20B goes to so-called "health information technology" (basically, payments to health care providers to try to get them to purchase technology). That, alone looks like $360 Billion and there isn't a nickel's worth of "stimulus" in it.

This is not "stimulus". It is consumption that does NOTHING for the economy.
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