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February 09, 2009 '50 Destimulating Facts'
Over at NRO, Stephen Spruiell & Kevin Williamson have gone to all the trouble of listing 50 items in the stimulus bill that have nothing to do with stimulating the economy and everything to do with realizing the dreams of liberals going back 40 years.
And the guys are not just talking about a couple of hundred million here or there. They've taken a buzzsaw to this monstrosity and trimmed about $400 billion from it. Now there may be legitimate quibbles with some of their targets but generally, I'd have to say they are spot on. I especially like how they call out the Democrats for getting the tax cuts wrong - the Democrats actually cutting where it will do the least bit of good. Just one list will give you a flavor of their handiwork (give these guys a job at OMB please): The easiest targets in the stimulus bill are the ones that were clearly thrown in as a sop to one liberal cause or another, even though the proposed spending would have little to no stimulative effect. The National Endowment for the Arts, for example, is in line for $50 million, increasing its total budget by a third. The unemployed can fill their days attending abstract-film festivals and sitar concerts. Total savings just from the porkiest provisions of the bill: around $34 billion. A sensible stimulus with more focused tax cuts and selective, targeted infrastructure spending is the Republican alternative that Obama and the Democrats didn't even look at. The question should be continually asked of this measure; is it a bill to stimulate the economy or to reward Democratic constituencies? NRO makes the answer to that question pretty plain. |
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