Stimulus reduction
This stimulus plan looks like it may pass. But it is already being compromised mightly.
Check out some of the cuts: Fuller list here.
Total Reductions: $80 billion
Eliminations:
Head Start, Education for the Disadvantaged, School improvement, Child Nutrition, Firefighters, Transportation Security Administration, Coast Guard, Prisons, COPS Hiring, Violence Against Women, NASA, NSF, Western Area Power Administration, CDC, Food Stamps
Reductions:
Public Transit $3.4 billion, School Construction $60 billion
Increases:
Defense operations and procurement, STAG Grants, Brownfields, Additional transportation funding
Hmmmm, education and children take a hit. This is beginning to look like a Republican bill. Why did we give 700 million to Wall Street [which went unaccounted for] but now propose to cut all of this out?
Anyway, if it passes Obama will get the credit by the press. Politically this is a good thing for Obama. However, we can do better.
Comments
A lot of politicians are throwing all of their pet projects on to the package because they know that it will be pushed through with little objection. You know, political business as usual that we were promised would end.