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]

On the "Glenn Beck Radio Program," Glenn explained why he wouldn't be surprised to see our supply chain collapse and empty shelves in America in the near future. Shortages are already wrecking our economy, China (where many of our goods are still made) is facing an energy shortage, and the Biden administration sure seems to be doing everything it can to make things worse.

Glenn noted a serious warning from American CEO Mike Beckham: "There's a major storm brewing in the supply chain," Beckham wrote on Twitter.

Thanks to China's centrally planned system, electricity shortages are causing huge delays in product manufacturing. In fact, some items are facing a 33 percent cut in production. "It could dramatically impact every [American's] life next year. But almost no one knows about it yet," Beckham warned.

Glenn went on to explain exactly what this means for you — and what you can do to prepare.

Watch the video clip below to hear Glenn break it down:


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Every decision made by President Joe Biden has ended in "disaster," Bill O'Reilly told Glenn Beck.

O'Reilly joined the radio program to explain why he thinks there's only one "mechanism" Americans can use stop the Biden administration's mess.

"Give me one thing that [Biden] has done, just one, that's improved this nation. Everything that he has been involved with is a disaster. Everything from the COVID mandates, to the energy policies, to the economic policies, to the inflation, to Afghanistan, to the collapsing southern border, to the social woke business, to the denial of due process. Right across-the-board, there isn't anything this man has done, or stood for, that's improved America," O'Reilly said.

"But there is no mechanism to do anything about it until a year from this November: the midterm elections. That's the only mechanism that we have, under the Constitution. We elected this guy and he's there for four years. You neutralize him next November [2022], with the Republicans taking back the House and Senate, then he's done. [He] can't do anymore damage because you've got him in a hole. And he's not going to be proactive with executive orders. He's just going to stay there in his jammies for two more years. OK? So that's the only mechanism."

O'Reilly also tore into the corporate media for using its power to defend Gen. Mark Milley after news of his China calls broke. Is there any deterrence in American society anymore to keep our leaders and media in check?

"What does this say to the United States of America when you have two of the most powerful information agencies in the world — NBC, Comcast, and AT&T, CNN — actively deceiving you?" O'Reilly said. "They know what they're doing. And yet there is absolutely no way for anyone to hold them accountable other than not watching them, which has, of course, happened. You know they have no audience. But just the corruption level of the information flow to the American people is at an all-time high. We have never had a worse media in the history of this republic."

Watch the clip below to hear O'Reilly break it all down:

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Twitter is full of fake communists. Privileged teenagers and 20-somethings who tweet about Karl Marx from their iPhone, safe inside their parents' house.

A recent example of this is the "What is your job on the Leftist commune?" meme. It began as a tweet from some anonymous Twitter Marxist, asking "What is your job on the Leftist commune?"

She continued, "I'm gonna be leading discussion on theory some days, making clothes from scraps other days, and making lattes whenever needed."

The tweet got thousands of likes, retweets, and comments. Things like, "Bringing everyone water. Pouring tea and hot cocoa for folx in the reading alcoves. Checking in and doing a pause-to-breath with folx."

By the way, "folks" is spelled with an "x" for some reason.

Other commune occupations included "proofreading pamphlets," singing, archery, cooking, crotchet, "guiding embodiment practices," tarot card reading, "identity politic lawyering." Therapist, librarian, prostitute, and "puppy kindergarten teacher."

They're basically parroting Marx, whose communist society sounds like Woodstock or Burning Man.

They're basically parroting Marx, whose communist society sounds like Woodstock or Burning Man.

A magical place where "there are no painters but at most people who engage in painting among other things," which allows "everyone sufficient free time to take part in the general affairs of society — theoretical as well as practical," so that "there are no politicians but at most people who engage in politics among other activities."

Don't you know that communism is all about leisure and good vibes? A playground full of puppies and lattes.

Marx refers to "idle time" as a time for higher activity. He calls it "time for the full development of the individual."

Me Time. A life of spa days.

Generation Z is the first digital generation. The first generation to be born inside the internet. So it's no surprise that they have fallen for this kind of Marxist nonsense. If someone convinces you that Marxism will free you from work, of course you'd want it.

Now they're quitting their jobs in droves. The media is calling it "The Great Resignation," but really it's just a new version of Marx's anti-work movement.

Gen Z are incredibly progressive. And they expect the government to be involved. Decades of Marxist activism have finally convinced a generation that the point of work, the point of life, the point of government, is activism.

Pew Research Center found that seven in ten "members of Gen Z are more likely than older generations to look to government to solve problems, rather than businesses and individuals."

Seven in ten of Gen Z believe that the government should do more to solve problems. A majority of them are not proud of America, a majority of them hold negative views of capitalism.

They believe Marx when he says that Capitalism is only good for producing its own grave-diggers. We know that this is actually a description of communism. Actually, communism is much worse. Because it always results in mass graves.

They haven't realized that that the world that Marx foresaw is long gone. It failed. Repeatedly.

They don't realize that, even on the page, Marxism doesn't work. Because ultimately the greatest flaw of Marxism is that it forces us to choose between productive slavery and unproductive freedom. Either way, with Marxism we can never be free.

"The Great Resignation" is ultimately a crisis of freedom, identity, and exhaustion. It is, as noted in a recent Gallup report, an expression of great discontent. Gen Z feels like they have nothing to lose and nothing to gain.

But in America, there's always something to lose and gain.

But in America, there's always something to lose and gain. They just need to have a little patience.

For the most part, Americans adhere to the libertarian maxim, "As long as you're not hurting anyone…." It's our undeniable belief in the goodness of the people around us. If you've traveled out of the States much, you know this to be true. There's a spirit inherent to America, and it is overwhelmingly good in nature.

Marx's utopia would ruin us. It would make us as lazy as Marx. A man who lived off other people his entire life. A man who had no loyalty to any nation because no nation wanted him. He was stateless. Do you realize how awful a person has to be for them to be stateless?

Maybe Gen Z just needs to see America at its finest.

Marx's utopia would quickly become disgusting. It would leave us feeling empty. Hopefully, they realize this before it's too late. For their own sake. Because, if America ever actually fell to communism, they would be the first ones against the wall.

When the government plans to spend $3.5 trillion that it doesn't have on a loose definition of "infrastructure," it's a good idea to know what's actually in it.

On the radio program, Glenn Beck revealed some of the expenditures Democrats hid in the bill, like a 10-fold increase in fines for employers who don't comply with the government's COVID-19 mandates, "equitable" bankroll for Biden's Build Back Better agenda, and "climate justice" funding.

"Let me tell you what's in our infrastructure bill, the $3.5 trillion bill," Glenn began. "Nancy Pelosi quietly tucked an enforcement mechanism into the $3.5 trillion reconciliation bill, passed it down to the budget committee, and sent it to the House floor. It's something you should know about, on page 168. I know, why read it? It's 2,465 pages."

Glenn pointed out the huge fees for certain businesses that refuse to comply with the Biden administration's proposed vaccine mandates. The fees could be as much as $700,000.

"Up to $700,000 ... that will kill all companies that are noncompliant. Kill them. That's 80 million of us who work in companies that are going to be fined in that way, if they don't bow the knee to the king," he said.

Glenn and Stu Burguiere went on to discuss more Democrat "wish list" items hidden inside this reconciliation bill, such as establishing "business incubators" who are authorized to disperse tens of billions of dollars to startup businesses in underserved areas, including the formerly incarcerated, and exclusive to businesses less that five years in operation or in "the planning stages."

"These sorts of businesses are the most risky place to put your money. Well, that matters when it's your money. But if it's not your money, who cares how risky it is. It's our [taxpayers] money so they don't care at all," Stu noted.

"Well, there's also $5 billion for climate justice block grants to pay for community organizations for, among other things, facilitating engagement of disadvantaged communities in state and federal processes," Glenn read. "Wait a minute. 'Facilitating engagement of disadvantaged communities in state and federal processes'? Organizing votes — that's what it sounds like."

"This is essentially all of us funding the fever dream of Barack Obama," Stu said.

Watch the video clip below for more details:

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.