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    Inappropriate Stimulation

    http://thinkmarkets.wordpress.com/20...e-stimulation/

    Inappropriate Stimulation
    March 8, 2009
    by Mario Rizzo

    Paul Krugman continues to say on his blog that the fiscal stimulus was too small. After all, unemployment is rising quickly:

    “[I]t’s rapidly becoming clear that yes, the plan was too small.”
    Brad DeLong has also added his voice to the call for bigger stimulus, again largely because of the deteriorating employment picture. He also instructs those who disagree with him as to which objections to stimulus are reasonable. (The one I raise here is not included.)

    However, Krugman and DeLong’s inferences are superficial. If we look more carefully at what is going on we see that macro stimulus is designed to hit precisely the wrong targets. The problem is not size but appropriateness.

    Let’s look at a report in Krugman’s own host newspaper, The New York Times, “Job Losses Hint At Vast Remaking of the U.S. Economy,” that goes beneath the aggregate picture:

    “As government data revealed that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the American economy.”
    As we now know, job losses have been far greater than average in construction. But financial services, American automobiles, retailing (based on consumer credit), computer services, technical consulting, research and development and other areas dependent directly or indirectly on cheap credit have also lost jobs.

    “This rapid deterioration [in employment] has prompted talk that some industries are being partly dismantled.”
    What is happening is a massive re-allocation of resources mainly due to the excessively low interest rate policy of the past few years – but also partly due to certain sectoral shifts. The American car manufacturers, for example, are suffering both from the contraction in credit and from their own long-term inefficiencies.

    The fiscal stimulus program is designed to stimulate where economic activity has deteriorated and there are job losses. Many of these areas are those that had over-expanded. As we have been saying for some time on the blog, the effect of this kind of stimulation is to slow down the re-allocation of resources. It will not succeed, however, in preventing it. What it will do is prolong the recession.

    There is no denying that some areas of economic activity are depressed simply because of overall pessimism and fear, including among lenders. This is reflected in the widespread diffusion of job losses.

    These areas do not need to contract in the long run. Yet planners do not have the knowledge to know exactly which ones are in this category. The way to dissipate the general pessimism, for example, is to prevent outright deflation (which is not in sight) and to allow individual markets to equilibrate quickly. Delay causes uncertainty.

    The necessary re-allocation of resources that must be a part of any recovery should not be hampered in the name of aggregate stimulus. The neglect of issues such as this is why the crass “Keynesianism” that is being peddled in the media and by those who should know better is grossly inadequate to the solution of our economic problems.
    "So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3

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    Resident Curmudgeon Military Professional Gun Grape's Avatar
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    From the thread title, I thought you were going to post some thing off a japanese Porn site.

    Instead we get economic porn.:(

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    WAB Cautioner of Poo Senior Contributor Debbie's Avatar
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    Yes, I agree with GG, horny women don't want to read about economics. I am sure that Southie will be most disappointed.)
    Welcome, you step into a forum of the flash bang, chew toy hell, and shove it down your throat brutal honesty. OoE

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    Quote Originally Posted by Debbie View Post
    Yes, I agree with GG, horny women don't want to read about economics. I am sure that Southie will be most disappointed.)
    Just Southie?)
    Fortitude.....The strength to persist...The courage to endure.

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    Quote Originally Posted by Gun Grape View Post
    From the thread title, I thought you were going to post some thing off a japanese Porn site.

    Instead we get economic porn.:(
    That was me thinking (almost hoping) for an interesting thread.

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    Official Thread Jacker Senior Contributor gunnut's Avatar
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    The first thing that came to my mind was Bill Clinton...
    "Only Nixon can go to China." -- Old Vulcan proverb.

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    gunnut,

    The first thing that came to my mind was Bill Clinton...
    let me get this straight, you see something like "inappropriate stimulation" and the first thing you think of is bill clinton?

    waaaaayy too much information, man. no wonder xinhui called you out on the same-sex marriage thread.
    The human mind cannot grasp the causes of phenomena in the aggregate. But the need to find these causes is inherent in man’s soul. And the human intellect, without investigating the multiplicity and complexity of the conditions of phenomena, any one of which taken separately may seem to be the cause, snatches at the first, the most intelligible approximation to a cause, and says: “This is the cause!"

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    Official Thread Jacker Senior Contributor gunnut's Avatar
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    Quote Originally Posted by astralis View Post
    gunnut,



    let me get this straight, you see something like "inappropriate stimulation" and the first thing you think of is bill clinton?

    waaaaayy too much information, man. no wonder xinhui called you out on the same-sex marriage thread.
    Yeah, I left myself open for that one.

    If the title were "appropriate stimulation" then I would think of something else...

    It all depends on what your definition of "is" is.
    "Only Nixon can go to China." -- Old Vulcan proverb.

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    Here is the break down....one can decide for themselves whether it is enough or not....
    All in Millions....

    From the WSJ:http://online.wsj.com/public/resourc...INAL_0217.html


    Classification Keyword Description Cost ($M)

    Spending Farming Repairs, security improvements and rental payments at Department of Agriculture $24
    Spending Farming Repairs and security improvements at Agricultural Research Service $176
    Spending Farming Salaries for staff to modernize IT system at Farm Service Agency $50
    Spending Farming Funding for watershed and flood prevention projects $290
    Spending Farming Funding for watershed rehabilitation $50
    Spending Farming Loans to rural homeowners $200
    Spending Farming Guaranteed loans for rural community facility building $130
    Spending Farming Guaranteed loans for rural businesses $150
    Spending Farming Grants for rural waste and waste disposal $1,380
    Spending Farming Broadband grants to rural communities $2,500
    Spending Farming Oversight of Department of Agriculture spending $26
    Aid Food Extra money for women, infants and children (WIC) special nutrition program $500
    Aid Food Extra commodities for food banks $150
    Aid Food Adult and child day care meals and snacks $100
    Aid Food Crop insurance reinstatement for farmers who failed to keep up with payments, emergency loans and grants to farmers $749
    Aid Food 13% increase in food stamp payments $19,991
    Spending Commerce Urban industrial core and rural economic recovery programs $150
    Spending Commerce Extra money for Census $1,000
    Spending Commerce Salaries and expenses for program to create broadband inventory map of the country $350
    Spending Commerce Grants to provide wireless and broadband infrastructure to communities, including public computer centers and sustainable adoption of broadband service $4,350
    Spending Commerce Coupons, education and consumer support for digital to analogue converter box program $650
    Spending Commerce Oversight of Commerce Department spending $6
    Spending Science National Institute of Standards and Technology work, including research into technology with high-growth potential and technology grants to small and mid-size manufacturers $220
    Spending Science NIST facilities construction and maintenance backlog $360
    Spending Science Extra money for National Oceanic and Atmospheric Administration facilities and research $230
    Spending Science Extra money for NOAA satellite development including climate data sensors and modeling $600
    Spending Justice Grants to state and local law enforcement $2,225
    Spending Justice Grants to rural law enforcement $125
    Spending Justice Grants to law enforcement on southwest border $40
    Spending Justice Grants for victims compensation programs $100
    Spending Justice Grants for tribal law enforcement $225
    Spending Justice Grants for state and local law enforcement to pursue Internet sex offenders $50
    Spending Justice Grants to state and local law enforcement to hire extra police officers $1,000
    Spending Justice Grants for violence against women prevention and prosecution programs $225
    Spending Justice Costs of administering extra grant money $10
    Spending Science NASA shuttle construction $400
    Spending Science NASA climate research $400
    Spending Science NASA aeronautics research $150
    Spending Science NASA rebuilding of facilities damaged in 2008 floods $50
    Spending Science NASA spending oversight $2
    Spending Science National Science Foundation research $2,500
    Spending Science Construction of new research equipment and facilities for NSF $400
    Spending Science NSF education activities $100
    Spending Science NSF spending oversight $2
    Spending Defense Restoration and modernization of Defense facilities in U.S. and territories $3,840
    Spending Defense Research and development of renewable energy generation for military $300
    Spending Defense Improvements and reparations to military medical facilities in U.S. and territories $400
    Spending Defense Department of Defense spending oversight $15
    Spending Outdoors Flood control and water management construction, regulation and investigations $4,125
    Spending Outdoors Mississippi River and tributary construction $375
    Spending Outdoors Clean-up of 'brownfield' former industrial sites $100
    Spending Outdoors Water reclamation and reuse projects $1,000
    Spending Energy Home weatherization grants to low and middle-income families $5,000
    Spending Energy Funding for Energy Star program offering tax credits to consumers purchasing new, efficient appliances $300
    Spending Energy Advanced batteries manufacturing grants $2,000
    Spending Energy Energy efficiency grants to states and local governments $6,300
    Spending Energy Transport electrification grants $400
    Spending Energy Funding for states and local governments to buy efficient alternative fuel buses and trucks $300
    Spending Energy Research and development of renewable and efficient energy technology $2,500
    Spending Energy Loan guarantees for standard renewables $4,000
    Spending Energy Transmission loan guarantees $2,000
    Spending Energy Fossil energy research and development $1,000
    Spending Energy Research into low-emission coal plants $800
    Spending Energy Grants for industrial carbon capture and energy efficiency improvement projects $1,520
    Spending Energy Grants for identifying sites to store carbon dioxide emissions $50
    Spending Energy Grants for training and research on safe storage of carbon emission\ $20
    Spending Energy Administration of funding program $10
    Spending Energy Physics research including high-energy physics, nuclear physics and fusion energy sciences $1,600
    Spending Energy High-risk research into energy sources and energy efficiency $400
    Spending Energy Cleanup of former nuclear sites $483
    Spending Energy Uranium enrichment decontamination and decommissioning $390
    Spending Energy Cleanup of former nuclear defense sites $5,127
    Spending Energy Money for federal power marketing administrations in electric power transmission systems $6,500
    Spending Energy Construction and repairs for federal marketing administration $10
    Spending Energy Modernization of the electric grid $4,400
    Spending Energy Training of electric grid workers $100
    Spending Energy Oversight of Energy Department spending $15
    Spending Government Oversight of payroll tax credit and economic recovery payments $7
    Spending Government Treasury grants to community financial services and economic development groups $100
    Spending Government Construction, repair and energy alterations to federal buildings and facilities $5,550
    Spending Government Purchase of fuel efficient vehicles for federal fleet $300
    Spending Government Oversight of General Services Administration spending $7
    Aid Government Costs to Internal Revenue Service of providing health coverage help to workers laid off because of outsourcing overseas $80
    Spending Government Funding for Recovery and Accountability Transparency Board $84
    Spending Government Small Business Administration loans to businesses $651
    Spending Government Extra money for Small Business Administration disbursement of loans $69
    Spending Government Oversight of Small Business Administration spending $10
    Spending Homeland security Funding for departmental site security, IT infrastructure, furniture, fixtures and other costs for headquarters $200
    Spending Homeland security Oversight of Homeland Security spending $5
    Spending Homeland security Construction, repairs and equipment for ports of entry to the U.S. $420
    Spending Homeland security Purchase and deployment of non-intrusive inspection systems for Customs and Border Protection $100
    Spending Homeland security Tactical communications equipment for Customs and Border Protection $60
    Spending Homeland security Border security fencing and technology $100
    Spending Homeland security Immigrations and Customs Enforcement information-sharing technology $20
    Spending Homeland security Explosive detection systems for airports $1,000
    Spending Homeland security Funding for Coast Guard acquisitions and construction $98
    Spending Homeland security Repairing and removing bridges hazardous to marine navigation $142
    Spending Homeland security Grants for security upgrades to mass transit $150
    Spending Homeland security Grants for security upgrades to ports $150
    Spending Homeland security Competitive grants to upgrade state and local fire stations $210
    Aid Homeland security Extra emergency food and shelter funding for homeless $100
    Spending Outdoors Deferred maintenance on federal lands $125
    Spending Outdoors Priority road, bridge and trail repairs $180
    Spending Outdoors Wildland fire management $15
    Spending Outdoors Wildlife refuge and fish hatchery construction, deferred maintenance, road maintenance and energy efficient visitors centers $280
    Spending Outdoors National Park Service deferred maintenance $735
    Spending Outdoors Preservation grants for historically black colleges and universities $15
    Spending Outdoors Repairing facilities and equipment for U.S. Geological Survey seismic, volcano, monitoring and stream gages $140
    Spending Outdoors Repair of schools, detention centers, roads, bridges, housing, irrigation and dams on Indian reservations $490
    Spending Indian reservations Indian guaranteed loans $10
    Spending Outdoors Interior spending oversight $15
    Spending Outdoors Cleanup of hazardous and toxic waste sites $600
    Spending Outdoors Cleanup of petroleum leaks from underground storage tanks $200
    Spending Outdoors Loans for communities to upgrade wastewater treatment systems and drinking water infrastructure $6,400
    Spending Outdoors Environmental Protection Agency spending oversight $20
    Spending Outdoors Renovation of forest roads, bridges and trails, remediation of abandoned mines, removal of barriers to fish and other critical habitat $650
    Spending Outdoors Fire hazard reduction on federal and state lands $500
    Spending Indian reservations Indian Health Facilities construction, maintenance and equipment $347
    Spending Indian reservations Indian Health Facilities sanitation construction $68
    Spending Indian reservations Indian Health Services IT development and deployment $85
    Spending Arts Smithsonian Institution $25
    Spending Arts Grants to fund arts projects in non-profit sector $50
    Spending Labor Grants to states for adult employment and training activities $500
    Spending Labor Grants to states for youth training, including summer jobs $1,200
    Spending Labor Grants to states for dislocated worker employment and training activities $1,250
    Spending Labor Grants to states with highest unemployment numbers for employment and training $200
    Spending Labor Funds to national reserve assistance for dislocated workers $750
    Spending Labor Training high-risk youth in construction job skills $50
    Spending Labor Community service program for low-income over-55s $120
    Spending Labor Funding for states' unemployment insurance and employment service agencies $400
    Spending Labor Extra funds for department to manage enforcement of labor laws $80
    Spending Labor Office of Job Corps construction and modernization of residential facilities for at-risk youth $250
    Spending Labor Department of Labor spending oversight $6
    Spending Health and Services Renovation and health IT purchases for community health centers $2,000
    Spending Health and Services Training of nurses, primary care physicians, dentists to practice in underserved communities in the National Health Service Corps $500
    Spending Health and Services National Institutes of Health biomedical research $9,500
    Spending Health and Services National Institutes of Health buildings and facilities repairs and renovations $500
    Spending Health and Services Funding for research comparing effectiveness of treatments funded by Medicare, Medicaid and SCHIP $1,100
    Spending Health and Services Grants to states for childcare services for low-income working parents $2,000
    Spending Health and Services "Head Start" programs for low-income preschoolers $1,000
    Spending Health and Services "Early Head Start" programs for low-income infants $1,100
    Spending Health and Services Grants for community employment, food, housing and healthcare projects $1,000
    Spending Health and Services Grants to faith-based and community organizations $50
    Spending Health and Services Grants for elderly nutrition services including Meals on Wheels $100
    Spending Health and Services Extra money for Office of the National Coordinator for Health Information Technology $2,000
    Spending Health and Services Funding for community preventative health campaigns, vaccination programs, healthcare-associated infection reduction strategies $1,000
    Spending Health and Services Funding to improve IT security at the Department of Health and Human Services $50
    Spending Health and Services Oversight of Department of Health and Human Services spending $17
    Spending Education Funding for 'Title I' education programs for disadvantaged children $13,000
    Spending Education Construction funding for school districts without a local property-tax base $100
    Spending Education Funding for school computer and science laboratories and technology training for teachers $650
    Spending Education Funding for services to homeless children including meals and transportation $70
    Spending Education Grants for states to address teacher shortages $200
    Spending Education Grants for special education programs $12,200
    Spending Education Grants to states for vocational rehabilitation for disabled people $540
    Spending Education Grants to states for independent living centers and services for elderly blind people $140
    Aid Education Increase in Pell Grant to $5,350 in 2009 and to $5,550 in 2010, and other increases to student aid $17,114
    Aid Education Money to increase size of colleges' student aid funds $60
    Spending Education Money for colleges' work-study programs $200
    Spending Education Grants for teacher training and professional development $100
    Spending Education Funding for grants for states to create systems tracking individual student data $250
    Spending Education Department of Education spending oversight $14
    Spending Volunteering Extra money for AmeriCorps volunteer programs $160
    Spending Volunteering Extra money for National Service Trust volunteer programs $40
    Spending Volunteering Corporation for National and Community Service spending oversight $1
    Spending Social Security Construction of new National Computer Center for Social Security Administration $500
    Spending Social Security Extra money for Social Security Administration to process disability and retirement claim backlogs $500
    Spending Social Security Oversight of SSA spending $2
    Spending Oversight Oversight of economic recovery package $25
    Spending Military Army child development centers $80
    Spending Military Army "warrior transition complexes" $100
    Spending Military Navy and Marine Corps troop housing $100
    Spending Military Navy and Marine Corps child development centers $80
    Spending Military Navy and Marine Corps energy conservation and alternative energy projects $100
    Spending Military Air Force troop housing $100
    Spending Military Air Force child development centers $80
    Spending Military Defense hospital construction $1,330
    Spending Military Defense energy conservation investments $120
    Spending Military Army National Guard construction $50
    Spending Military Air National Guard construction $50
    Spending Military Army family housing construction and repairs $38
    Spending Military Air Force family housing construction $97
    Spending Military Programs for military homeowners facing mortgage problems $555
    Spending Veterans Improvements to Veterans Affairs benefits administration, IT and claims processing $200
    Spending Veterans Renovations and energy efficiency improvements to veterans medical facilities $1,000
    Spending Veterans Grants for construction of state extended care facilities for veterans $150
    Spending Veterans National Cemetery renovations and repairs $50
    Spending Veterans Oversight of Veterans Affairs and military spending $1
    Spending State Passport and training funding for State Department $90
    Spending State Creation of information management backup facility for State Department, funding for participation in cybersecurity program $290
    Spending State State Department spending oversight $2
    Spending State Repair and rehabilitation of flood control levees on Rio Grande, with remainder of money for IT investments at U.S. Agency for International Development $220
    Spending Transportation Grants for airport improvements $1,100
    Spending Transportation Upgrades to Federal Aviation Administration power systems, air traffic control centers and towers and airport lighting, navigation and landing equipment $200
    Spending Transportation Grants for highway improvements $29,000
    Spending Transportation Grants to Amtrak $1,300
    Spending Transportation Grants for capital investments in designated high-speed rail corridors $8,000
    Spending Transportation Public transit improvements and infrastructure investments $8,400
    Spending Transportation Grants for investments and improvements to small domestic shipyards $100
    Spending Transportation Department of Transportation spending oversight $20
    Spending Housing Repairs and modernization of public housing projects $4,000
    Spending Housing Grants to rehabilitate and improve energy efficiency on Native American housing programs $510
    Spending Housing Grants for community and economic development projects $1,000
    Aid Housing Grants for short-term help with rent and housing relocation for homeless families $1,500
    Spending Housing Energy efficiency retrogrades to low-income housing, including new insulation, windows and furnaces $2,250
    Spending Housing Funds for communities to buy and rehabilitate foreclosed and vacant properties $2,000
    Spending Housing Funds for building and rehabilitating low-income housing using green technology $2,250
    Spending Housing Grants for removing lead-based paint in low-income housing $100
    Spending Housing Department of Housing and Urban Development spending oversight $15
    Spending Housing Increase in government-sponsored mortgage provider conforming loan limits $50
    Aid Aid to states Aid to states to balance education budgets, prevent cutbacks and modernize schools $40,600
    Aid Aid to states Aid to states in form of bonus grants for meeting key performance measures in education $5,000
    Aid Aid to states Aid to states for public safety and critical services $8,000
    Tax provisions Business tax cuts Tax breaks for low-income housing investors $143
    Tax provisions Individual tax cuts $400 payroll tax credit for workers earning up to $75,000; married couples filing jointly get $800 for income up to $150,000 $116,199
    Tax provisions Individual tax cuts Increase in earned income tax credit for working families with more than three children $4,663
    Tax provisions Individual tax cuts Increased eligibility for refundable child tax credit, with all income over $3000 qualifying $14,830
    Tax provisions Individual tax cuts Tax credit of up to $2500 for tuition and college expenses $13,907
    Tax provisions Individual tax cuts Computers and computer technology will qualify for inclusion in tax-advantaged savings plans $6
    Tax provisions Individual tax cuts A tax credit for first-time homebuyers increases from $7500 to $8000, and will not have to be repaid $6,638
    Tax provisions Individual tax cuts Taxpayers earning less than $125,000 can deduct sales and excise taxes paid on new cars $1,684
    Tax provisions Individual tax cuts $2400 of unemployment benefits will not be subject to federal income tax $4,740
    Tax provisions Individual tax cuts Middle-income taxpayers get an exemption from the alternative minimum tax of $46,700 for an individual and $70,950 for a married couple $69,759
    Tax provisions Business tax cuts Businesses will be able to more quickly deduct the cost of investments in plant and equipment from their taxable income $5,074
    Tax provisions Business tax cuts Businesses will be allowed to recover alternative minimum tax and research and development credits faster $805
    Tax provisions Business tax cuts Small businesses will be allowed to write-off up to $250,000 of capital expenditures in the year of acquisition $41
    Tax provisions Business tax cuts Unprofitable small businesses with annual receipts of less than $15 million can recoup taxes paid in the past five years, up from two $947
    Tax provisions Business tax cuts Companies will be allowed to defer taxes for five years on several transactions aimed at restructuring balance sheets, and repay the taxes over the following five years $1,622
    Tax provisions Business tax cuts Businesses will be able to claim a tax credit for 40% of the first $6000 of wages paid to unemployed veterans or 16-25-year-olds hired $231
    Tax provisions Business tax cuts Small businesses will be able to exclude 75% of the gain from the sale of some stock held more than five years $829
    Tax provisions Business tax cuts Taxable corporations converting into S corporations will have a 7-year holding period for assets subject to built-in gains tax, from 10 years $415
    Tax provisions Business tax cuts Restoring tougher rules on taxpayers claiming losses incurred by a company before they bought it is projected to raise money -$6,977
    Tax provisions Business tax cuts Some companies restructuring may not be subject to those tougher rules $3,163
    Tax provisions Business tax cuts Manufacturing facilities producing "intangible property" such as patents can qualify for industrial development bonds $203
    Tax provisions Business tax cuts Facilities making advanced energy property may be able to claim a new 30% investment tax credit $1,647
    Tax provisions Infrastructure tax cuts $10 billion "new markets tax credits" will be available for 2008 and 2009 $815
    Tax provisions Infrastructure tax cuts $25 billion of bonds for investment in economic recovery zones will be created $5,371
    Tax provisions Infrastructure tax cuts Tribal governments will have fewer requirements on their ability to issue tax-exempt bonds $315
    Tax provisions Infrastructure tax cuts High-speed rail facilities for trains capable of going at 150 miles per hour will qualify for facility bonds $288
    Tax provisions Infrastructure tax cuts Rules affecting state and local government bonds will be changed to improve marketability $3,789
    Tax provisions Infrastructure tax cuts A 3% withholding on payments to government contractors will be delayed for one year $291
    Tax provisions Infrastructure tax cuts $22 billion in new tax credit bonds for construction or repair of public schools $9,877
    Tax provisions Infrastructure tax cuts $2.8 billion of bonds for schools working with businesses $1,045
    Tax provisions Infrastructure tax cuts 35% credit to bondholders for infrastructure bonds, 35% refundable credit to issuers of bonds $4,348
    Tax provisions Energy tax cuts Extending by three years the placed-in-service date for renewable energy investments $13,143
    Tax provisions Energy tax cuts Investment credits in lieu of production credits for renewable energy purchases $285
    Tax provisions Energy tax cuts Removal of cap on tax credits for purchase of small wind systems $604
    Tax provisions Energy tax cuts $1.6 billion extra allocation of clean energy bonds $578
    Tax provisions Energy tax cuts $2.4 billion extra qualified energy conservation bonds $803
    Tax provisions Energy tax cuts 30% cap on tax credit for energy efficiency purchases by homeowners, up to $1500 per residence $2,034
    Tax provisions Energy tax cuts Credit for purchase of residential solar, geothermal, wind and fuel cells $268
    Tax provisions Energy tax cuts 50% tax credit for purchase of alternative refueling stations $54
    Tax provisions Energy tax cuts Tax credit for plug-in electric vehicle conversion $2,002
    Tax provisions Energy tax cuts Equalization of parking and transit tax-free employer benefits at $230 for 2009 $192
    Tax provisions Energy tax cuts Grants to states for low-income housing projects in lieu of credits $5
    Tax provisions Energy tax cuts Grants to states for energy projects in lieu of credits $69
    Aid Other tax cuts U.S. lumber, steel and other companies can keep money they were given from Canadian and Mexican import duties $90
    Tax provisions Individual tax cuts One-time payment of $250 for retirees, disabled people, SSI recipients, railroad retirees and disabled veterans $14,225
    Tax provisions Individual tax cuts One-time refundable tax credit of $250 for some government retirees not eligible for social security benefits $218
    Aid Individual aid Two-year extension of program providing income support and training benefits for workers who lose their jobs because of outsourcing overseas $1,600
    Aid Individual aid Extension of jobless benefits for up to 33 weeks $26,960
    Aid Individual aid Increase in weekly unemployment benefits by $25 $8,800
    Aid Individual aid Grants for states modernizing unemployment compensation coverage among low-wage, part-time and other workers $2,975
    Aid Individual aid Waiver on interest payments and accrual in interest on loans held by state unemployment trust funds $1,100
    Aid Individual aid Extension of unemployment compensation by 13 weeks for railroad workers $21
    Aid Individual aid Aid to states to administer extended benefits $138
    Aid Individual aid Aid to states for temporary assistance to needy families payments (TANF) $2,418
    Aid Individual aid Extra aid to states with high population group or increased poverty for TANF payments $319
    Aid Individual aid Extra funding for child support enforcement $1,000
    Aid Individual aid Costs of providing health coverage help to workers laid off because of outsourcing overseas $457
    Aid Individual aid 65% subsidy for laid-off workers to continue paying premiums for former employer's health plan for nine months $24,749
    Aid Healthcare Incentive payments to hospitals and physicians who computerize medical-records systems $17,559
    Aid Healthcare Federal aid to states for Medicaid spending $90,044





    Totals
    The Congressional Budget Office estimates that the cost of carrying out the programs and tax cuts in the economic stimulus package is likely to be slightly less than the amount of money authorized by the bill.



    Description Funds allocated Estimated cost
    Food and farming $26,466 $26,431
    Commerce, justice and science $15,920 $15,810
    Defense $4,555 $4,531
    Energy and the environment $50,825 $50,775
    Government $6,858 $6,707
    Homeland security $2,755 $2,744
    Outdoors, Indian reservations and the arts $10,950 $10,545
    Labor and volunteering, healthcare and social services, education, social security $72,564 $71,271
    Oversight* $25 $25
    Military and veterans $4,281 $4,246
    Foreign relations $602 $602
    Transportation and housing $61,795 $61,051
    Aid to states $53,600 $53,600
    Tax cuts $301,278 $288,482
    Individual aid $45,788 $58,143
    Individual healthcare aid $24,749 $24,677
    Health IT $17,559 $17,559
    Aid to states for Medicaid $90,044 $90,042
    $790,614 $787,241
    Last edited by Robert W; 10 Mar 09, at 01:10. Reason: Quote

  10. #10
    Resident Curmudgeon Military Professional Gun Grape's Avatar
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    Quote Originally Posted by Walking Dead View Post
    That was me thinking (almost hoping) for an interesting thread.
    Doesn't surprise me. We were Jarheads. We think alike.

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