Readthestimulus.org provides some snapshots of the bill, from the CBO's analysis. Whether you agree with the stuff that we're going to find in the bill (and I guarantee, we're going to find lots of egregious stuff), it is obvious that this bill isn't going to provide much of a stimulus for at least a year, if ever.
I encourage everyone to read the CBO analysis, as its 18 page write-up is probably the easiest way to digest, in a summary, what this bill is all about. And, frankly, reading this analysis, the GOP had better come up with a way to fight this monster and keep it from happening. This bill is a waste of taxpayer's 'money, and I guarantee, it'll end up filled with pork in a vote buying effort.
The Heritage Foundation also has some analysis of this pig, among their points:
- This bill will cost over $10,000 for every family in America. Better to send every family a check for $10k - trust me, they will spend it better and it'll provide more stimulus than this pile of liberal doggerel.
- The bill doubles federal spending on education. Liberals will say that either 1)we need the money to improve failing schools, or 2) the feds are doing such a good job with education, they should spend more. They'll say it with a straight face
- A significant expansion of the Earned Income Tax Credit. I will say that if you're poor (or make below about $40,000/year, and depending on how many kids you have) the EITC is a great thing. However, it goes largely to people who don't pay any income taxes. The EITC is a massive transfer payment program.
Of course, that won't happen with this crowd in charge.