Quote of the Day: "The holier-than-thou activists who blame the population for not spending more money on their personal crusades are worse than aggravating. They encourage the repudiation of personal responsibility by spreading the lie that support of a government program fulfills individual moral duty." -- Patrick Cox
Subject: The evidence is in -- the stimulus package won't work
Congress wants to stimulate the economy by spending $30 billion on road repair and construction, but the Congressional Budget Office reports that . . .
* Less than $4 billion would enter the economy before 2010
* And less than $15 billion would be spent before 2013
If past recessions are any guide an economic recovery could begin, naturally, by the end of this year. This means that most of the spending proposed in the so-called stimulus package will come too late to serve its supposed purpose.
* Only 7% will be spent by the end of the current budget year
* Only one out of every seven dollars intended for energy projects will be spent in the next year and a half
* Only a quarter of the proposed clean water projects can be completed by October of next year
* Projects to provide broadband Internet to rural areas can't begin for years
We can debate whether government spending really stimulates the economy. We don't think it does. But now the debate is over whether the "stimulus" spending will come too late.
Congress has received these findings from the Congressional Budget Office, so why are they still pushing the massive stimulus package. They're doing what politicians do . . .
* President Bush exploited the 9-11 attack to do something he wanted to do anyway, invade Iraq
* Now the Democrats are exploiting the financial crisis to force through their own pet projects
Remember what President Obama's Chief of Staff, Rahm Emmanuel, said: "You never want a serious crisis to go to waste."
The politicians think they can get away with this because they don't think you know that the "stimulus" spending will come too late. But now you do know, and you must let Congress know that you know.
Use your personal comments to tell them that you know about the report from the Congressional Budget Office saying that the spending will come too late.
Alert your friends to this evidence. Ask your friends to join you in telling Congress to reject the stimulus package.
Thank you for being a part of the growing Downsize DC Army.