Obama Stimulus Package Breakdown

What is the money being spent on-general breakdown between infrastructure, tax cuts, etc…?

Some highlights of the package, by the numbers:

• $825 billion total (as of 1/15/09)


• $550 billion in new spending, described as thoughtful and carefully targeted priority investments with unprecedented accountability measures built in.


• $275 billion in tax relief ($1,000 tax cut for families, $500 tax cut for individuals through SS payroll deductions)


• $ 90 billion for infrastructure


• $ 87 billion Medicaid aid to states


• $ 79 billion school districts/public colleges to prevent cutbacks


• $ 54 billion to encourage energy production from renewable sources


• $ 41 billion for additional school funding ($14 billion for school modernizations and repairs, $13 billion for Title I, $13 billion for IDEA special education funding, $1 billion for education technology)


• $ 24 billion for "health information technology to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies" and "to provide for preventative care and to evaluate the most effective healthcare treatments."


• $ 16 billion for science/technology ($10 billion for science facilities, research, and instrumentation; $6 billion to expand broadband to rural areas)


• $ 15 billion to increase Pell grants by $500


• $ 6 billion for the ambiguous "higher education modernization."

[Source: Committee on Appropriations: January 15, 2009]

Here is a further breakdown of the package:

NOTE: The following are highlights of the package; for the full 13-page summary from the Appropriations Committee, click here:

(as of 1/15/09)

Energy


$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

Infrastructure


$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

Education


$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)

Health Care


$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

Jobless Benefits


$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.

Taxes

Individuals:

*$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.

Businesses:

*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

[Sources: Associated Press: Highlights of Senate economic stimulus plan; January 23, 2009; WSJ: Stimulus Package Unveiled; January 16, 2009; Committee on Appropriations: January 15, 2009]

When is the money being is going to be spent, and on what?

The government wouldn't be able to spend at least one-fourth of a proposed $825 billion economic stimulus plan until after 2010, according to a preliminary report by the Congressional Business Office that suggests it may take longer than expected to boost the economy. The government would spend about $26 billion of the money this year and $110 billion more next year, the report said. About $103 billion would be spent in 2011, while $53 billion would be spent in 2012 and $63 billion between 2013 and 2019.

• Less than $5 billion of the $30 billion set aside for highway spending would be spent within the next two years, the CBO said.

• Only $26 billion out of $274 billion in infrastructure spending would be delivered into the economy by the Sept. 30 end of the budget year, just 7 percent.

• Just one in seven dollars of a huge $18.5 billion investment in energy efficiency and renewable energy programs would be spent within a year and a half.

• About $907 million of a $6 billion plan to expand broadband access in rural and other underserved areas would be spent by 2011, CBO said.

• Just one-fourth of clean drinking water projects can be completed by October of next year.

• $275 billion worth of tax cuts to 95 percent of filers and a huge infusion of help for state governments is to be distributed into the economy more quickly.

[Note: The CBO's analysis applied only to 40 percent of the overall stimulus bill, and doesn't cover tax cuts or efforts; a CBO report outlining all of its costs is expected in the next week or so.]

The Obama administration said $3 of every $4 in the package should be spent within 18 months to have maximum impact on jobs and taxpayers; if House or Senate versions of the bill do not spend the money as quickly, the White House will work with lawmakers to achieve the goal of spending 75% of the overall package over the next year and a half.

[Source: AP: Three-quarters of stimulus to go in 18 months; January 22, 2009; Bloomberg News: Much of Stimulus Wont Be Spent Before 2011, CBO Says; January 20, 2009; link]

Who will be spending the money? Will the states be receiving any money to spend, community organizations? Churches?

The economic stimulus plan now moving through Congress would shower billions of federal dollars on state and local governments desperate for cash:

• The House stimulus bill includes an extra $87 billion in federal aid to state Medicaid programs.

• It allots some $120 billion to boost state and city education programs.

• There's $4 billion for state and local anticrime initiatives in the legislation, not to mention $30-plus billion for highways and other infrastructure projects.

• $6.9 billion to help state and local governments make investments that make them more energy efficient and reduce carbon emissions.

• $87 billion to states, increasing through the end of FY 2010 the share of Medicaid costs the Federal government reimburses all states by 4.8 percent, with extra relief tied to rates of unemployment.

• $120 billion to states and school districts to stabilize budgets and prevent tax increases and deep cuts to critical education programs.

Overall, about one-quarter of the entire $825 billion recovery package would be devoted to activities crucial to governors, mayors, and local school boards - making them among the plans biggest beneficiaries.

[Sources: Committee on Appropriations: January 15, 2009; Reuters: Roads, energy, states win in US stimulus plan;15 January 2009; Christian Science Monitor: States to win big in stimulus sweepstakes; House bill allots almost one-quarter of the $825 billion recovery package to states, localities. How will that boost the economy?; January 25, 2009; Link]

The FBI recently sent more than a dozen armed agents to the home of well-known pro-life activist Mark Houck to arrest him for allegedly violating the Freedom of Access to Clinic Entrances or FACE Act. Now the father of seven faces up to 11 years in prison over claims that he blocked a man from entering an abortion clinic and shoved him when he wouldn't stop verbally harassing Mark's 12-year-old son. Now, if that doesn't sound insane enough, this all happened after local authorities dropped the case. So, what's the full story here?

Attorney Peter Breen joined Glenn Beck on the radio program Tuesday to tell the family's side of the story, including how the case was already "won" three years ago, and how, after receiving a target letter from the United States Attorney's Office for the Eastern District of Pennsylvania, Mark's legal team agreed to cooperate fully, only to hear nothing back until the day the FBI showed up on Mark's doorstep.

Breen also explained how the FBI has tried to downplay "abuse of power" claims, accusing Mark's wife of making "inaccurate claims" about the terrifying experience.

"Ryan-Marie, who is Mark's wife, she thought she saw 25 [FBI agents.] The FBI came back and said it wasn't 25, it was no more than 15 or 20 heavily armed federal agents. And she had called them a 'SWAT team' because she's a lay person. I don't know the difference between a SWAT team and a bunch of heavily armed, armored, and shield-bearing federal agents," Breen said.

According to Fox News, a senior FBI source said:

There may have been 15-20 agents at the scene, but denied 25 were there. The agents who came to the door had guns out and at the ready, according to this FBI source, but the guns were never pointed at Houck or his family and were lowered or holstered as soon as Houck was taken into custody. Houck was handcuffed with a belly chain.

"So, yeah, they had guns drawn and pointed at Mark in front of his wife and their children. And that whole show of force was done against a man who was not a drug lord, not a mafia boss, but instead, a law-abiding pillar of the community whose attorney said, 'we'll bring him in if you decide to charge, even though you have no case.'"

Breen went on to assert that he believes Congress "needs to" hold Attorney General Merrick Garland accountable for the arrest. "I can't imagine that those 20 federal agents were excited about being called out to a peaceful man's home, guns drawn," he said.

In the video clip below, Breen goes on the explain what he believes should happen next, and why Houck's arrest "should frighten all of us." Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Gavin McInnes broke the internet last month when his live show was interrupted, and it appeared that he was arrested. He broke the internet again a few weeks later when he admitted that the arrest was staged as part of what was intended to be an elaborate prank.

McInnes joined Glenn Beck on "Glenn TV" to explain the real reason behind his disastrous prank.

"This was a $10,000 joke. I lost 100 subscribers because of it, but I was going away to Paris for a week because my daughter is going to college and I thought let's make it interesting," McInnes said of his decision to fake an on-air arrest in the middle of his live "Get Off My Lawn" podcast on August 25.

"There was a method to the madness, with the prank ... my point was, first of all, this is happening to people in real-time. Tim Poole has been swatted a million times," he explained to Glenn. "The thought police are in full effect. I also wanted to lampoon the media's bloodlust for us suffering."

Glenn played a clip of the now-infamous hoax while McInnes explained what was really going on behind the scenes, including how his very drunk friend "Unrelia-Bill" was supposed to act the part of the arresting officer but ended up being much too intoxicated (at "2 pm") to speak even a few lines, and how smugly gleeful the "far left" was when they thought McInnes had actually been arrested.

Watch the video clip below to catch more of the conversation:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Glenn Beck joined Fox News' Tucker Carlson on Thursday night to discuss Visa Inc.'s "horrifying" new plans to flag firearm sales by separately categorizing purchases at gun shops, a move that Glenn aptly described as "the next step in banning guns."

In what's been hailed as a major victory for gun control activists, Visa agreed to adopt the International Organization for Standardization's (ISO) new set of standards by creating a special merchant category code for gun and ammunition sales.

In his appearance on "Tucker Carlson Tonight," Glenn shared a letter written by Robert B. Thomson III, a senior vice president at Visa, showing that the credit card company initially pushed back on the ISO's new rules.

“We believe that asking payment networks to serve as a moral authority by deciding which legal goods can or cannot be purchased sets a dangerous precedent,” Thomson wrote in the letter to pro-gun-control lawmakers, including Democratic Sen. Elizabeth Warren of Massachusetts.

Just days later, however, Visa had agreed to comply with the ISO's plan to establish a new merchant category code for gun stores. So why did Visa suddenly flip?

As Glenn explained, it all comes down to pressure from America's largest union-owned bank, the Amalgamated Bank, one of the only unionized banks in the United States and a proud proponent of ESG (Environmental, Social, and Governance) investing.

"This is the next step in banning guns," Glenn asserted.

"It's horrifying!" Tucker responded after several seconds of stunned silence.

"I'm so grateful you did the reporting on this," he told Glenn. "I'm not sure why it falls to you since we have a couple of very large daily newspapers in this country you'd think would want to report this, yet none of them did. So, Glenn Beck did."


On a recent episode of "The Glenn Beck Program," Glenn broke down the details of this latest attack on the Second Amendment and revealed how this is a step toward something even worse than federal gun registration. Watch the video clip below for more details. Can't watch? Download the podcast here.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Glenn Beck: Here's why Stacey Abrams' fetal heartbeat remarks are hilarious but TERRIFYING

(Left) Image source: video screenshot/ (right) Photo by Marcus Ingram/Getty Images

Georgia Democratic gubernatorial candidate Stacey Abrams has a new pro-abortion conspiracy theory: "There is no such thing as a [fetal] heartbeat at six weeks ... it is a manufactured sound designed to convince people that men have a right to take control of a woman’s body."

On the radio program Thursday, Glenn Beck and producer Stu Burguiere agreed Abrams' latest "misinformation" is not just ridiculous but could be dangerous if people are actually willing to believe her.

"If you want to defend abortion, go ahead and defend it. Defend what you're actually doing. Stop denying what is reality," Stu said. "If this is such a great defensible policy, then just come out and defend it, but they never can ... you notice how they can't go to the actual thing they say is so important. They keep defending these other things that aren't true."

Glenn said the pro-choice movement was successful for a long time because most people want the decision to be up to the woman and her doctor and that abortion should be safe, legal, and rare. But when leftists began "celebrating" their abortions or calling for "abortion on demand" at any point in the pregnancy, that's when they start to lose support.

"Because they've celebrated abortion and are losing regular people, you can't put that genie back in the bottle. So, what do they have to do now? They have to take the insane step of discrediting medical machines and technology," Glenn said.

"This is after two years, by the way, of them claiming the biggest scandal in the world was people suggesting the voting machines were hacked — after they previously said that voting machines were hacked in elections they [Democrats] lost," Stu pointed out.

"Honestly, gang, think this through because this is where life gets very scary. This is where you go to authoritarian rule and you can kill millions of people because you're truly now discrediting things that everyone knows is true," Glenn warned.

"So, if you disagree ... you can say that is an evil magic box that has made up sounds in it to convince people. If they will buy that, you're at the Salem witch trials. 'If she doesn't float, she wasn't a witch.' That's what you're looking at right now — and what's frightening is, [Abrams] can say this with a straight face and no one discredits her," he continued.

"You don't think that they can convince those people that you are a terrorist because of the way you vote? [...] You don't think they can convince half the country that you should be eliminated, liquidated, put into a camp, whatever authoritarians love to do? ... We are headed towards dangerous, dangerous times. We better wake up and stand together because this is frightening — it's hilarious — but because people are taking it seriously, it is terrifying," Glenn added.

Watch the video clip below to hear more from Glenn. Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.