The Senate has reached a compromise on the porkulus bill. You can thank Susan Collins, Olympia Snowe, and the ever faithful Arlen Specter for this debacle. I blame Republicans because they should know better. We expect Democrats to spend like drunken sailors to buy future votes and increase their power. We don't need that from the GOP, we need adult leadership.
Our GOP compromisers have saved about $100B off what the Senate was going to pass, but, it's the same as the House's and Carl Levin has promised to bring all the garbage that was cut back during conference.
In a failed, but valiant effort, Senator John Thune (R. SD, the guy who beat Daschle, by the way) introduced an alternative bill which would have instead spent $936B on across the board tax relief for every middle-class family in America. But, it failed. So, instead of each family (making <$250K) getting $11,000 in immediate, and stimulative tax relief (or my alternative defense/aerospace plans), we will massively increase the size of government and make a whole bunch of new Federal programs while not getting enough stimulus to make much of a difference in the economy.
Here's the list of the crap that got cut. Just imagine what is still left in this piece of crap.
I hope this works, I doubt it will, and we've just dug an incredibly huge whole that no amount of defense cutting (and that's what the Dems will try to cut to pay for it) is going to get us out of it.