Posted on 01/28/2009 11:49:29 AM PST by Lorianne
House Democrats propose to spend $550 billion of their two-year, $825 billion "stimulus bill" (the rest of it being tax cuts). Most of the spending is unlikely to be timely or temporary. Strangely, most of it is targeted toward sectors of the economy where unemployment is the lowest.
The December unemployment rate was only 2.3% for government workers and 3.8% in education and health. Unemployment rates in manufacturing and construction, by contrast, were 8.3% and 15.2% respectively. Yet 39% of the $550 billion in the bill would go to state and local governments. Another 17.3% would go to health and education -- sectors where relatively secure government jobs are also prevalent.
(Excerpt) Read more at online.wsj.com ...
At least that's fair.
Give me halfa dat and I won’t show not even at da Muzeem of Science and Trucking.
Contact your congresscritter. Shower them with calls and letters/faxes. Stop this looting of the American taxpayer and treasury. No MORE!
http://www.visi.com/juan/congress/
Great website organized for us: Read the Stimulus package (before you support it) Website
In fairness, if the money does go to local governments the construction industry may get a boost.
I met with a construction owner today in Michigan. He gets some of his business from municipal work (schools, city buildings, etc)
He believes that some of the stimulous money will go to state and local governments for more construction.
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