national penury and debt peonage stimulus package contains, among other fatty, juicy pieces of pork, the following:
• $83 billion in welfare payments (the earned income credit for people who don’t pay income tax)
• $81 billion for Medicaid
• $66 billion on "education", more than the entire Department of Education required just ten years ago
• $36 billion for expanded unemployment benefits
• $20 billion for food stamps
• $8 billion on "renewable energy" projects, which have a low or negative return
• $7 billion for "modernizing federal buildings and facilities"
• $6 billion on urban transit systems, dominated by unions and which, almost universally, lose money
• $2.4 billion for "carbon-capture demonstration projects"
• $2 billion for child-care subsidies
• $1 billion for Amtrak, the federal railroad that’s run in the red for 40 years
• $650 million for "digital TV conversion coupons" (on top of billions already spent)
• $600 million on new cars for government (added to the $3 billion already spent each year)
• $400 million for "global-warming research"
• $50 million for the National Endowment for the Arts
So, at a time when we’re in a global war with mass-murdering jihadist Muslims and engaged on two major fronts (Iraq and Afghanistan), when we’re facing strategic challenges from Russia and China as well as possible regional security problems in Mexico and Venezuela, what does this trillion-dollar borrowing spree contain for our national security?
A ten-percent cut in defense spending.
Hey, I’m not saying there’s no waste or fat in defense spending. We all remember $640 toilet seats. But the Obama-Pelosi-Reid stimulus bill, which is supposed to cure the recession by spending our way out of it to create jobs, contains just twelve cents per dollar that’s spent on anything that could be arguably called "stimulating." Fully 88% of every dollar spent is wasted on a Democratic wish-list of pet projects. At $880 billion, just the waste in the Generational Theft Act of 2009 is 35% larger than the entire US defense budget, base and emergency spending combined. And, as Ed at Hot Air points out, this proposed cut will cost jobs.
Anyone else think this is nuts?
Of course, it’s not as if they didn’t tell us they were going to pay for the New New Deal by gutting defense spending. I think it’s safe to assume this is the first step in a return to the halcyon days of Jimmy Carter.
Meet the new boss, same as the old boss:
UPDATE: Not so fast.