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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How does the Stimulus Bill help the private sector?

  1. 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
  2. 2. Inspector Generals <ul><li>Money for the inspector general offices of 19 government agencies—in addition to their regular 2009 budget: </li></ul><ul><li>$198.5 million tax dollars </li></ul>
  3. 3. Government Accounting Office <ul><li>$25 million above their regular budget </li></ul>
  4. 4. Special new board to oversee the stimulus spending <ul><li>$14 million, provided they meet once a month </li></ul>
  5. 5. Department of Agriculture <ul><li>In addition to their regular $95 billion budget: </li></ul><ul><li>$44 million tax dollars for rentals </li></ul><ul><li>$209 million tax dollars for maintenance </li></ul><ul><li>$245 million for salaries and expenses </li></ul><ul><li>$305 million for conservation and floods </li></ul><ul><li>$5.8 BILLION rural community enhancement </li></ul><ul><li>$22 million for rural housing </li></ul><ul><li>$2.8 BILLION for rural utilities </li></ul>
  6. 6. Department of Commerce <ul><li>In addition to their regular budget of $10 billion, the stimulus package gives them: </li></ul><ul><li>$250 million tax dollars for “economic development” </li></ul><ul><li>$350 million more for salaries and expenses </li></ul><ul><li>$2.8 BILLION for wireless and broadband </li></ul>
  7. 7. Department of Justice <ul><li>In addition to their regular $44 billion budget, the stimulus package provides” </li></ul><ul><li>$3 Billion for state and local law enforcement </li></ul>
  8. 8. NASA <ul><li>In addition to their regular $17 billion budget: </li></ul><ul><li>$400 million for more climate research </li></ul>
  9. 9. National Science Foundation <ul><li>In addition to their regular budget of $6 billion: </li></ul><ul><li>The stimulus package adds another $2.5 Billion for “Research and Related Activities” </li></ul>
  10. 10. Department of Defense <ul><li>In addition to their $440 Billion budget and 3 million employees, the stimulus package provides: </li></ul><ul><li>$4.5 Billion for more “energy efficient” DOD facilities </li></ul>
  11. 11. Dept. of the Army Corps of Engineers <ul><li>In addition to their regular $10 billion budget: </li></ul><ul><li>$2 Billion for “construction” </li></ul>
  12. 12. Department of the Interior <ul><li>In addition to their regular budget of $10 billion: </li></ul><ul><li>$500 million for “water and related resources” </li></ul>
  13. 13. Department of Energy <ul><li>In addition to their regular $24 billion budget: </li></ul><ul><li>$18.5 Billion for “Energy Efficiency and Renewable Energy. </li></ul><ul><li>$2 Billion of this $18.5 is for salaries for DOE people associated with this new work </li></ul>
  14. 14. Federal Building Fund <ul><li>In addition to all the other money given to federal agencies and departments for additional maintenance, etc., the bill adds an additional: </li></ul><ul><li>$7.7 Billion for construction, alteration, and repair of federal buildings and real property </li></ul>
  15. 15. Small Business Administration <ul><li>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 </li></ul>
  16. 16. Department of Labor <ul><li>In addition to their regular budge of over $60 billion: </li></ul><ul><li>Another $4 Billion for “training and employment services.” </li></ul>
  17. 17. Dept. of Health and Human Services <ul><li>In addition to their regular budget of $640 billion (read that twice, $640 billion): </li></ul><ul><li>$2.2 Billion for more heath and human services. </li></ul>
  18. 18. National Institutes of Health <ul><li>An additional $1.5 Billion to spruce up rented buildings </li></ul>
  19. 19. Office of the national coordinator for information health technology <ul><li>$2 Billion to put health information on a database </li></ul>
  20. 20. Department of Education <ul><li>In addition to their regular $70 billion budget: </li></ul><ul><li>$13 Billion for the education of disadvantaged children </li></ul>
  21. 21. Department of State <ul><li>In addition to their $35 billion budget: </li></ul><ul><li>$276 million for their “capital investment fund” </li></ul>
  22. 22. Dept. of Transportation <ul><li>In addition to their $58 billion budget: </li></ul><ul><li>An additional $3 billion for airports </li></ul>
  23. 23. This list goes on and on <ul><li>The net is this: </li></ul><ul><li>Huge amounts of this package go to make the government larger, or to pad current budgets and salaries </li></ul><ul><li>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. </li></ul><ul><li>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? </li></ul>