Wednesday, February 4, 2009
Some Things I think I think: I'm Sick of A Trillion
Looking back at the bailout, I called it a stupid idea when it was first brought up (here). I'm still calling it stupid. And now I'm going to call people in Washington stupid for only now realizing it's stupid. But what's even more ridiculous are members of Congress or The House who are trying to play up $1T dollars in creative measures to show how much money it really is. No shit it's a lot of money. But here's the most stupid explanation:
"One trillion $1 bills stacked one on top of the other would reach nearly 68,000 miles (about 109,400 kilometers) into the sky, or about a third of the way from the Earth to the moon." - Thanks CNN
What the hell does that mean? What if the bills were half the size or double the size. Then they'd only reach 38,000 miles or 136,000 miles. I still don't see the point of that relationship. I've been reading these ridiculous definitions all week. Senator Thune, in the video above, we can thank for starting all of this.
Yes, it would help to have a stimulus plan. A reasonable, coherent, and intelligent stimulus plan that stimulates the economy WITH longevity - not that just throws money at the problem. With programs like the one I mentioned last week about funding startups. But apparently that ain't happening, so instead we need a stimulus that calls for idiotic things like:
* $83 billion for the earned income credit for people who don't pay income tax.
* $54 billion will go to federal programs that the Office of Management and Budget or the Government Accountability Office have already criticized as "ineffective" or unable to pass basic financial audits.
* $462 Million for Equipment, Construction, and Renovation of Facilities at the Centers for Disease Control (CDC) (Page 137)
* $150 Million for Repairs to Smithsonian Institution Facilities (Page 128)
* $44 million to the Agricultural Research Service (Page 135)
* $227 million for oversight of the pork barrel spending in the stimulus (Page 11)
* $1 Billion for The Follow-Up To The 2010 Census (Page 49)
These are just a few. Sounds like business as usual. And we're surprised we're in this mess?
Posted by Lefty at 6:20 PM