Valid XHTML 1.0 Strict Valid CSS! My Thoughts On 2009 Stimulus Package

Conservative News Forum

Written February 17, 2009

Updated March 24, 2009

My Thoughts On 2009 Stimulus Package

OK. Here goes. I definitely checked out the entire stimulus package. If you don't believe me, go to www.robtagent.com and check it out. It's under articles and editorials. I am a 57 year old male that is currently unemployed. I'm not an overly educated man, but I do have a good grasp on identifying that most people don't have the time or the where-with-all to gather the necessary information about the stimulus package. With that being said, let's get into my thoughts regarding this package.

The first item that I would like to address is the way this particular bill was processed through our congressional bodies. No matter whether you are a Democrat, Republican, Independant, or Not-Affiliated, the process that this package was voted on, should never be allowed in our government. The mere idea that it could be released at 11:00PM, be 647 pages (with another 400 pages of modifications made by our senate), and get voted on by 4:00PM the following day, is a travisty. How can we expect any of our leaders to do the correct thing regarding a bill, when they are not given time to even read it. There are other standard processes that were ignored that, in my opinion, should not be allowed either, but most people are not aware of the normal process of creating a bill. I am sad to say that most teachers in todays classrooms probably don't know the proper process either. What a shame.

When going through the bill, I determined that what was done in this bill, was to nearly double the size of the government. The entire budget for 2009 was $1.2 trillion dollars. This particular bill is an estimated $783 billion. It seemed to me that whoever designed this bill, used the paperwork from the 2009 budget, and just put an increased amount that they determined by, I guess, picking a number out of a hat. Virtually every Department of the Government got money, and based on the totals, it looks like we just took 75% of the budget and posted to the bill. You say, so what. It took no initiative, and if we double the amount that our government agencies can spend, they will probably spend it, even if there is no practical place to spend it on. I know that alot of people think that increasing the size of government is not a bad thing, but to me, the government doesn't make money (OK the Treasury does), it takes money. I believe that sooner or later we will have to pay it back, or we will be in big trouble.

The way I see it, is, if you have spent all of your money, and you fill up your credit cards, and you can't afford to pay the monthly minimum, you don't go out and double the amount your in debt. I know that many of you would say that the US government is not like an individual. No, it's suppossed to be more responsible. I didn't like when President Bush bailed out the Wall Street folks, and the big bankers, and the Fanny Mae and Freddy Mac folks, and I do not like the fact that most of the money on this stimulus package is not going to help the taxpayers based on the way that it's structured. The government is getting like the auto makers. The reason that the auto makers are not making it, is because their salaries are out of line, people are living longer, so their pension expenses keep growing, and also their expenditures are extensive. Sounds a lot like what's going on with the government.

If you take a look at the package, it is heavily loaded for government agencies, and government programs. The citizens of this country get minimal help, while the organizations that have a lot, get a lot more. Another item about the package is, the individuals did not investigate what was needed for a given Department, they just appropriated a lump sum, with abstract definition as to how it would be used. It does look like whoever wrote it, made sure that everyone who was in government got their fair share. That to me seems like appeasement, not governing.

The next point that I wanted to make is how much is a trillion dollars. A lot of the media will flash amounts around without even researching what should be determined when figuring out how this money would be apportioned. The current US Census statistics indicate that the population is currently estimated at 304,059,724 for the end of 2008. I found a breakdown by state, but did not find a breakdown by age. I went to cia.gov to get the breakdown. As of the 2008 year end, the population indicated was 303,824,640. Of that population, 61,146,753 were between the ages of 0 and 14, 203,987,724 were between the ages of 15 and 64, and 38,690,169 were 65 or older. Some of you would say, who cares about the breakdown. The first thing that we all have to consider is, how are we going to issue the checks (or automatic deposits) to these individuals. Do we just sent a check out to every known address? Do we have people go door to door and ask how many people live in this house? Of course not. Our government is going to issue checks the only way that that they can. They are going to go to the IRS and ask them to send a check to every known filer. There in lies the problem. It is quite obvious that we can not process and send a check to people who have not paid taxes, without allowing a massive fraud possibility. Assuming that we issue a check to everyone who filed, and allow for people who did not file for taxes last year to submit a tax form as we did with the Bush tax cut, we have to consider how many people filed a tax return in 2007. Obviously 2008 will not work, because many people have not filed as of yet. If we use the 2007 tax filing approach, there were 173,351,839 filings in the year 2007. Another important consideration, that I am sure the people who are included in this group would disagree, is to eliminate the millionaires. According to the Wall Street Journal, Spectrem, and other resources, there were 9.2 million millionaires in the US population as of December 31, 2008. I personally believe that their figure is inacurate because I did further research that indicated that there are 9.2 millions in the whole world. I got this information from global-economy.suite101. Their figures indicate that 3.3 millionaires are in the United States (actually North America). Yes, I am quite sure that some American millionaires are living over seas, but, I am also certain that some of the millionaires that reside here are not Americans. In any case, we can deduct the 3.3 million from the 173,351,839 that filed tax information, and get a total of 170,051,839 checks that would be written. The fact is that $4,604.48 would be paid to every American who filed taxes in 2007.

What does all of that mean? We all know how to spend $4,604.48. That would definitely stimulate the economy for a few months. But, that is not the problem. The problem is that people are losing jobs. The economy has drastically slowed down, and even after the example that I just gave, a job making $7.00 and hour will provide more spending ability than any stimulus could be. So, what is the answer? In my opinion, government should get out of the way, reduce the burdon and regulations that business do have, go after fraud instead of baseball players, stop caring about itself and know that your spending doesn't work, stop making laws that restrict manufacturing, take care of the items that made this country great. In reality, government, major corporations, labor unions, and citizens are more into what's in it for me, than what is the right thing to do. When the housing boom happened, it was everyone, not just the bankers, or wall street guys, I MEAN EVERYONE, that took advantage of what I call the little people. It is unrealistic to think that the price of housing that doubled over a 2 year period, would remain the case, when the average household income only increase a couple of percentage points. This whole process created false wealth. And now we are seeing the results of greed. Again, this is my opinion, for what it's worth.

In any case, I do hope that the economy turns around, and I'm not sure when, or if, that is going to happen. In my humble opinion though, this is not a stimulus package, it is, in fact, a spending bill. Thank you for taking the time to read this editorial.

Signed;

Robert J. Taggart, Sr