|
|
Just How Much By Donna Garner February 13, 2009 |
Emphasis added |
Excerpts from U. S. Representative
Michael McCaul’s e-mail, February 13, 2009:Stimulus Bill: “Today I joined my
Republican House colleagues and seven Democrats to vote against the
Democrats $787 billion spending bill, which surpasses $1
trillion with interest. Despite our efforts, this bill, packed
with billions of dollars in wasteful spending, passed the House by a
246-183 vote. History has proven that we cant spend our way out
of debt….“While I do support some provisions
of the bill such as the tax relief and investments in
infrastructure, only 17% of the $1 trillion provides new tax
relief and less than 10% provides new roads and bridges.
Theres simply not enough stimulus in this bill to give the economy
the immediate jolt it needs. Alarmingly, this bill will provide
300,000 jobs for illegal immigrants because it does not contain
House-passed E-Verify language that will help ensure a legal U.S.
workforce.“…Speaker Pelosi did not allow
enough time for the 1000+ page bill to be reviewed and debated….
The non-partisan Congressional Budget Office projects that
long-term, the Democrats package will do more harm than good. It
says that over 10 years, extra debt will ‘crowd out’ private
investment, leading to a lower gross domestic product, which would
hurt workers’ wages. I am also concerned about rising interest rates
and inflation as a result of this bill.“I supported the Republican
Alternative Plan. Calculations from the presidents own analysts
indicate the alternative would institute long-term, meaningful tax
cuts for individuals and small businesses, and create twice as
many jobs for half the cost of the stimulus package….
We must remember this day. When
our children and grandchildren are struggling under the terrible load of
debt that the “spending” bill has placed upon them for generations to
come, we must remember what happened on this day.As the pork ( or earmarks) in the “spending”
bill is revealed in the coming days, we as American citizens must not
forget that every House and Senate member voted on this bill sight
unseen. Not one single House or Senate member (or staffer) had
read the bill in its entirety before voting on it. Out of the entire
Congress, only three Republicans voted for the bill — Senators Specter,
Collins, and Snowe. All other Republicans voted against the bill and for
good reason.Just how much is $1 trillion dollars?
“If you stacked a pile of $1 dollar bills
a trillion high beginning from the dawn of civilization, which is about
6000 years, and spent $1 per second till now, you would still have
almost 80% left!” (source unknown)“A total cost of $1.1 trillion for the
bill ($792 billion for the legislation plus at least $300 billion in
debt service to pay for it) amounts to a per-family cost of at least
$9,418 in new spending/debt.” (John Stone, staffer for U. S. Rep. John
Carter)“…this plan will cost taxpayers the
equivalent of a million dollars a day for the next 3,000 years to
fund a long wish list of items that wont create jobs.” (U. S.
Congressman Michael McCaul)Donna Garner
See video:
Floor Speech on Democrats’ Trillion-Dollar Spending Bill
(2-13-09)
Home
|
Obama Presidency
| Quotes
|
Victory