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 great beyond. What does it hide from us? Do unknown lifeforms linger in the dark? In other words, was David Bowie right? Is there life on Mars? The head of Harvard University's Astronomy Department contends that, yes, there is. Well, not that there's life on Mars. I'll explain in just a minute.

In an academic article for the Astrophysical Journal Letters, Dr. Avi Loeb, the head of Harvard University's Astronomy Department, claimed that an alien probe entered our solar system. He claimed that it is masked as the space rock Oumuamua (Ow-moo-ah-moo-ah), "the first interstellar object to enter our solar system." It turns out that "space rock" is way more than a musical genre.

RELATED: Science saves us again: Octopuses are really aliens who crash-landed on Earth

In his own words:

Considering an artificial origin, one possibility is that 'Oumuamua is a lightsail, floating in interstellar space as a debris from an advanced technological equipment.

His evidence? pointed to the space rock's abnormal acceleration, activity which he gathered via the Hubble Space Telescope.

He added that "the lightsail technology might be abundantly used for transportation of cargo between planets."

Sounds a bit like Star Wars, no? Or are you more of a Star Trek fan? Either way, it's an odd thing to hear from the head of Harvard University's Astronomy Department. Typically, we hear these sorts of things from the darker corners of the History Channel.

Well, I'll say that, at this point, I'm not really surprised. It's 2019. I'm not surprised by anything anymore.

"I don't care what people say," Loeb said. "It doesn't matter to me. I say what I think, and if the broad public takes an interest in what I say, that's a welcome result as far as I'm concerned, but an indirect result. Science isn't like politics: It is not based on popularity polls."

Honestly, I believe the guy. Well, I'll say that, at this point, I'm not really surprised. It's 2019. I'm not surprised by anything anymore. Heck, I welcome alien lifeforms. Maybe they can give us some advice on how to get our world together.

The third annual Women's March is approaching, and the movement has shown signs of strife. It's imploding, really. An article in Tablet Magazine revealed deep-seated antisemitism among the co-chairs of the movement, which is funny for a movement that brands itself as a haven of "intersectionality." The examples pile up, and just yesterday there was another. I'll tell you about it in a minute.

The Women's March has been imploding, and it started at the very top. Four women have come to represent the diverse face of the movement, the co-chairs: Tamika Mallory, Carmen Perez, Linda Sarsour, and Bob Bland.

RELATED: LEFTIST INSANITY: Woman attacked at women's rights rally for exercising her rights

Increasingly, we've learned that anti-Semitism is common among these women.

Teresa Shook, who founded the Women's March has repeatedly asked them to step down: The co-chairs "have steered the Movement away from its true course. I have waited, hoping they would right the ship," Shook wrote. "But they have not. In opposition to our Unity Principles, they have allowed anti-Semitism, anti-LBGTQIA sentiment and hateful, racist rhetoric to become a part of the platform by their refusal to separate themselves from groups that espouse these racist, hateful beliefs."

Tamika Mallory gave us the latest example, by continuing to stand by Louis Farrakhan. Check out Tamika's arrogant, nonsensical response. But the real problem came at the end of Mallory's rambling non-answer.



Women's March Leader Tamika Mallory Doubles Down On Love For Louis Farrakhan youtu.be


Later this week I'll go over the entire controversy on Glenn TV. It's harrowing, really. For now, I'll leave you with this. Critics of 4th wave feminism have argued that the radical identity politics of the left will lead to the exact kind of mistreatment that feminists claim to be against. That argument has been written off as using the slippery slope fallacy. But, as we see with the Women's March, it is in fact a brutal reality.

Remember how serious Chuck Schumer and Nancy Pelosi were last week, when they gave their "rebuttal" to President Trump's address? They made it seem like this government shutdown is apocalyptic. A lot of Democrats have done the same. On social media and CNN at least. Thirty Democrats, however, took a different route. Puerto Rico. For cocktails at the beach.

RELATED: The President won the night, but don't count on the media to admit it

A group of 30 Democrats have turned the government shutdown into a live-action interpretation of a Jimmy Buffet song:

Nibblin' on sponge cake, Watchin' the sun bake.

No, seriously. In the words of Press Secretary Sarah Sanders:

Democrats in Congress are so alarmed about federal workers not getting paid they're partying on the beach instead of negotiating a compromise to reopen the government and secure the border.

A photo of New Jersey Senator Bob Menendez at a resort beach has gone viral.

They arrived via chartered jet. They're staying at a seaside resort, and attended the ridiculously-priced and overhyped play "Hamilton," where tickets for opening night "ranged from $10 to $5,000," according to the Associated Press. They even attended several afterparties.

Of course, the official occasion seems legit. They're in San Juan for the Congressional Hispanic Caucus BOLD PAC. According to a memo for the gathering:

This year's winter retreat promises to be our most widely attended yet with over 220 guests, including 39 Members of Congress and CHC BOLD PAC supporters expected to attend and participate!

Also in attendance, about 109 lobbyists, from a number of places, including "R.J. Reynolds, Facebook, Comcast, Amazon, PhRMA, Microsoft, Intel, Verizon, and unions like the National Education Association."

Donald Jr. said it well:

And of course no one says anything. I'm not even in government and I'd get killed in the press if I was on vacation right now. Why won't they cover their democrat buddies lobbyist sponsored vacation in the islands???

Maduro takes office and Venezuelans vote with their feet

CRIS BOURONCLE/AFP/Getty Images

Venezuela continues to collapse. A country that used to have the world's largest oil reserves is now in rags. Its money is worthless, with inflation near one million percent. People must work an average of five days at minimum wage just to afford a dozen eggs. But there is one person still pumped about Venezuela's future – its noble president, Nicolas Maduro! I'll tell you why he's still enthusiastic in just a minute…

Venezuelan president Nicolas Maduro had a stellar 2018. Here are some highlights:

  • Running water and electricity only work occasionally and prices for basic goods doubled.
  • Doctors, engineers, oil workers, and electricians fled the country en masse. Over 48,000 teachers also left the country.
  • Over half a million Venezuelans fled to Peru alone.

Maduro created a new digital currency called the "petro." One petro is supposed to equal the price of a barrel of oil, about $60. U.S. Treasury Department officials call the petro a scam. Who could've seen that coming?

Maduro also announced a 3,000 percent minimum-wage hike. Even Ocasio-Cortez might roll her eyes at that one. Or find it inspiring.

And just yesterday, a Human Rights Watch report detailed how Venezuelan intelligence and security forces are arresting and torturing military personnel and their family members who are accused of plotting against Maduro. The torture includes: "brutal beatings, asphyxiation, cutting soles of their feet with a razor blade, electric shocks, food deprivation, [and] forbidding them to go to the bathroom."

It's so bad in Venezuela that even The Washington Post admits Venezuela's problems are mostly due to "failed socialist policies." But President Nicolas Maduro gave a televised New Year's address calling 2019, "the year of new beginnings." He's pumped, you see, because today he will be sworn in for his second six-year term as president. He was "re-elected" last May in an election that the international community declared illegitimate.

Thirteen nations released a statement last week urging Maduro not to take office and saying they would not recognize his presidency.

Maduro doesn't have many friends left at home or abroad. Thirteen nations released a statement last week urging Maduro not to take office and saying they would not recognize his presidency. This week, the U.S. added more Venezuelan officials to its sanctions list.

In a press conference yesterday, Maduro said:

There's a coup against me, led by Washington. I tell our civilians and our military to be ready. Our people will respond.

I think the people of Venezuela who have the means are already responding – by leaving.