More Stimulus Proposal Facts

Total Cost of Stimulus Legislation: $825 billion

How does this compare?

• In 1993, the unemployment was virtually the same as the rate today (around 7%). Yet, President Clinton’s proposed stimulus legislation *only* contained $16 billion in spending

• The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

• This legislation nears a trillion dollars. President Reagan said the best way to understand a trillion dollars is to imagine a crisp, new stack of $1000 bills.

• If you had a stack four inches high, you’d be a millionaire. A trillion-dollar stack of $1000 bills would measure just over 63 miles high.

• In $20 bills, a trillion dollar stack would be 3150 miles high. That’s about the distance between DC and Trujillo, Peru.

• President-elect Obama has said that his proposed stimulus legislation will create or save 3 million jobs. This means that this legislation will spend about $275,000 per job. The average household income in the U.S. is $42,000 a year.

• This bill provides enough spending to give every man, woman, and child in America $2,700.

• This bill will cost each and every household $6,700 in additional debt, paid for by our children and grandchildren.

• Although this legislation has been billed and described as a transportation and infrastructure investment package, but only three percent ($30 billion) of this package is for road and highway spending.

• Much of the funding within the proposed stimulus package will go to programs which already have large, unexpended balances.

• For example, the draft bill provides $1 billion for Community Development Block Grants (CDBG), which already has $16 billion on hand.

• And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used.

• Deficit spending will not expand the economy. If that were true, then the current $1.2 trillion deficit -- the largest in history -- would already be rescuing the economy.

• $800 billion more will not change that.

• Trade groups state that every $1 billion in highway “stimulus” can be spent creating 34,779 new construction jobs.

• But Congress must first borrow that $1 billion out of the private sector.

• The private sector then loses or forgoes roughly the same number of jobs.

• Japan responded to a 1990 recession by passing 10 “stimulus” bills over 8 years (building the largest national debt in the industrialized world). Their economy remained stagnant and their per capita income went from the second highest in the world to the tenth highest.

[Source: QUICK FACTS ON THE DEMOCRAT STIMULUS PROPOSAL; January 15, 2009]


 

The far left is tearing apart the social fabric of our country in the name of "progress." From its emphasis on government dependency, to the $15 minimum wage, to the embrace of Marxist Critical Race Theory in our schools, the Left is destroying our culture and way of life.

On Glenn TV this week, Glenn Beck spoke with Christopher Rufo, director of the Center on Wealth and Poverty, about the latest insane example of the Marxist lies destroying the minds of our kids: A New York school sent parents a "white identities" chart advocating for "white traitors" and "white abolitionists."

Watch the video clip below or find the full episode here:

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There is an all-out assault on the social fabric of our country. The kids are NOT all right. In the name of "progress," we're destroying their minds with Marxist lies. In the name of "safety," we're destroying their souls by keeping them locked down.

On his Glenn TV special this week, Glenn Beck takes on the national suicide that the Left is committing by destroying our culture and way of life and how it's also leading to actual suicide of our kids. Experts on the front lines expose how the lies of critical race theory are crippling our children's future and provide tools for parents to fight back.

Finally, Glenn hears from a parent who tragically lost his teen son, who took his own life due to COVID isolation. He has a powerful message for parents, teachers, and politicians who he says are failing our kids.

Watch the special in full below:

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With as much gas and oil as Texas has — and not to mention its own power grid — why in the world is Texas experiencing such bad power outages?

Center for Industrial Progress president and founder Alex Epstein joined "The Glenn Beck Radio Program" to lay out what he's found.

Alex said he believes the "fundamental" problem is "the insistence on using unreliable wind and solar energy instead of reliable energy from coal, nuclear, and natural gas." And soon, it may not be just Texas, as President Joe Biden pushes for 100% dependency on green energy nationwide. THAT is the "real lesson of Texas," he warned.

Watch the video below to catch more of the conversation:

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Disney actress Gina Carano was just the latest to be canceled for being vocally conservative — this time for making a Holocaust comparison. But on this week's episode of "The Glenn Beck Podcast," renowned Jewish historian Edwin Black explains how Gina's comparison wasn't exactly out of line: The second phase of the Holocaust, exclusion, "is like cancel culture."

Edwin Black is the son of Holocaust survivors and an investigative journalist with awards and best-selling books translated into 20 languages in nearly 200 countries. His book "IBM and the Holocaust" examines high tech's role in killing Jews during the Holocaust and what it can teach us about the dangers of Big Tech today.

Edwin has spent enough time in the media to see all of its warts (there are a lot). And he's speaking out about it and its role in ignoring history at our nation's peril. He told Glenn he believes our culture and our history are being erased. Our ideals are being censored and our values are being mocked.

Watch the video clip below to catch more of the conversation, or enjoy the full interview with Edwin Black here.

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