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Stimulus Bill Text

February 12, 2009 - by Donny Shaw

It’s 11pm ET on Wednesday, and the full legislative text of the final version of Congress’s $789.5 billion economic stimulus package has just been released. It’s scheduled for a possible vote by the House of Representatives sometime tomorrow. It’s 999 pages in total – Better get reading…

H.R. 1 – American Recovery and Reinvestment Act of 2009:

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Comments

Displaying 1-30 of 35 total comments.

McLieberman 02/13/2009 7:09am

What’s with releasing this 1000+ pages 12 hours before the vote? I read fairly well, but isn’t this illegal? Oh I forgot, Democracy is the 51% majority, is Mob rule over the other 49%.

Additionally, what’s with the Censored “GAG RULE” on the House of Representatives floor, that no one can discuss anything within the $790 BILLION bill? There’s our representation… down the toilet.

Here we go again… By government, About Government, For Government, but at least the American people are involved, We The People get to pay for this crap!

Anonymous 02/13/2009 12:42pm
in reply to Anonymous Feb 13, 2009 12:21pm

So you think it’s a good idea to not just mortgage your grandchildrens future so you don’t have to suffer a little but also their grandchildrens future? This bill will have so little to stimulate because everything will not be spend in a timely fashion. The urgency is in the air but the bill that passed does not address that urgency. If it is that urgent to get money into the economy quickly spending it on projects that will not have money spent for two years will not work ( and that is what this is) Most infrastructure spending will take several years just for approval. Be prepared to suffer for at least two more years. The bill is also laden with crap that has nothing to do with the emergency at hand but with something that wouldn’t pass in the light of day.

cemnyc 02/13/2009 5:32am

I would like to thank the gracious and magnificently Democratic lead Congress for providing the public the few hours it deemed appropriate for our benefit to read the massive porkulus package, I mean, government expansion bill, I mean stimulus package before the vote. All Hail Nancy Polesi and Senator Reed. May you continue to bless your American subjects with you wisdom and profound leadership during these perilous times.

Anonymous 02/17/2009 10:17am
in reply to Anonymous Feb 13, 2009 6:14pm

Why would the site to check it out be helpful to us? Do you think ‘they’ will tell the truth on that site that ‘they’ are posting? How childish! “Propaganda” and “dogma” is what that site is called, and the one posting news from the WH! Why would the ones promoting the BILL tell you anything that is not positive! Doing our own research on the bill and keeping up the research is the better to track it.

Anonymous 02/13/2009 6:14pm

www.recovery.gov is the place to check out how the recovery money is being spent

this site will be helpful in preventing right wing propaganda from distorting the benefits of the stimulus projects

pdorsett 02/13/2009 1:00pm
No sir. We will vote the Democrats out and you will see the light and cross over because it is obvious you have been demonized by your fellow D’s. Just wait… time is on our side not yours! you all have truly screwed this one really up! Gone to far this time and you will pay!
BluMtsFolks 02/16/2009 11:51am

I thought we were supposed to get 48 hours to read this piece of crap before it was voted on? Since when will giving millions of dollars to volunteer programs stimulate the economy? So much for there being no earmarks and no pork. Oink, oink, oink!!!

qawagstaff 02/13/2009 7:47am

The Emperor in close consultations with the Senate seeing the Visigoths approaching the Capital gave orders to loot the Treasury of what was left. “Pass some out to my minions while you get your share” Meanwhile he rode the golden chariot to see the masses who tingled at his words and cried upon seeing him. They knew he would take care of them.

“What is Past is Prologue!”

DannyV09 02/13/2009 4:52pm

It is very clear to anyone who looks at this bill that it is a spending package. We could go on for days about how $$ to NASA to design a new launch vehicle won’t stimulate the economy. My real concern is: Why is it that items that may actually help create jobs are so specific that they border on ridiculous. Also let me remind everyone that for many of these projects you will need to be a registered Federal contractor with DUNS # or whatever they call it now. Otherwise you won’t even be able to search for many of these projects.

www.dwvirag.com

Anonymous 02/14/2009 11:49am

If I remember correctly, a few years ago some people got together at a Tea Party in Boston Harbor to protest TAXATION WITHOUT REPRESENTATION. Isn’t a situation where unethical practices by the Senate and the House (and I would call voting for a bill you haven’t read to be unethical) that leads to higher deficits, then higher taxes to pay for it (or inflation), isn’t this a call for tax rebellion? I would say it’s time to start slowing down the system. Politicians CANNOT operate in a world where their source of power (taxes) is limited by someone other than themselves! File paper returns, make honest mistakes, clog the system and make sure you limit your withholding so the delay is in them receiving your money instead of them giving yours OVERPAYMENT back.
Heck, California is even talking about giving non-tenderable IOUs!

triptyx 02/13/2009 12:36pm
in reply to Anonymous Feb 13, 2009 12:21pm

They’ll say this:
There is almost entirely no relief for you and your fellow laid off workers in this package, at least half of which will not even be paid out into the economy for more than a year. The money that it blows on wetlands for frogs, digital converter boxes, summer programs for “children” up to the age of 24, will not help you and those folks one bit.

Obstructing Republicans? Nitpicking and grandstanding? I’m terribly sorry if they weren’t willing to just trust Pelosi and Reid that this was a good bill. I’m more sorry that so many Democrats jumped on the band wagon while having no idea what they were even voting for, and I’m even sorrier that there is no way we can pay for this bill (which, taken in total, represents nearly the entire tax revenues of this nation for an entire year) short of issuing more debt to China and other foreign investors, the issuance of which will even further devalue the dollar and make it even more difficult to make a living wage in this country.

That said, if you’re so hot to visit this disaster on the Nation, to further enslave your children and their children with crippling debt so that you can say you did “something”, then perhaps you deserve to be out of work.

You may as well get used to food stamps and the soup kitchen lines, because all this spending is going to get us exactly that in no time.

Anonymous 02/16/2009 10:22am

In just a few months, this conversation will evolve from speculation about whether it will create jobs to discussion about how we can’t tell if the money was spent effectively and produced results after it was spent.

Use Hurricane Katrina spending as an example. Pressure on the federal government to spend money quickly (i.e. get it flowing into our economy) will result in two things. 1) Money will be spent on existing contracts with the same group of federal contractors who already work for the government. This is because there won’t be time to run new competitive procurements, which take months. 2) The usual Federal contracting controls that work to ensure competition and best value will be suspended or bypassed because they add time and bureaucracy to the procurement cycle.

The result will be that billions of dollars will evaporate into the economy and the government will only be able to show how much money was spent. It won’t be able to track results, value, or effectiveness except at an extreme macro level. Add to this the fact that much of this spending will take the form of grants to local governments that the Federal government doesn’t control effectively and the conversation in 12 months may become very painful for the current administration.

Anonymous 02/16/2009 12:41pm

Where are the capital formation sections of this H.R. 1 for Small Business Innovation and Growth ?

Anonymous 02/17/2009 8:35am
in reply to Anonymous Feb 13, 2009 12:36pm

Your staments are full of Hyperboles devil terms, and popularity falacies. That is just to name a few. Good luck on the whole ignorant thing.

Anonymous 02/17/2009 10:21am
in reply to Anonymous Feb 14, 2009 11:49am

The states of Kansas and California are both bankrupt! Doesn’t that say it is time for another TEA PARTY? To me it does! Kansas won’t get income tax refunds this year! What d’ya say we start clogging the system even more and start getting paid in cash for your work! That way YOU and YOU only will be in control of YOUR money!

Anonymous 02/17/2009 10:23am
in reply to Anonymous Feb 16, 2009 10:22am

Of course, this poster is right! Anyone in the real world who works for a living knows this! AND, if it is a project funded for the ‘shovel-ready’ as they say…how many women will that put to work?

Anonymous 02/17/2009 10:13am
in reply to Anonymous Feb 13, 2009 12:36pm

The ones who will be voted out in 2010 are not the Republicans! This spending bill will do absolutely NOTHING in its first year to help out the unemployed. It may lengthen their unemployment bennies, if they are eligible, etc., and provide COBRA, etc., at MY EXPENSE and the great grandchildren for years in the future! Forget the democrat/republican crap! This is a world-wide recession/depression and it is FAR from bottoming out! Your FUHRER will have his name on it though so before you start pontificating to the rest of us from your moral high ground, you had best provide a way for us to know that this Bill will work! And when it doesn’t, the little boy will be out of office if not before re-election time!

Anonymous 02/17/2009 1:04pm
in reply to Anonymous Feb 13, 2009 12:36pm

You say that you “voted for Obama to get rid of these evil nuisances (Republicans) from our Government”… Great, what you and other proud American citizens (called Democrats) have manage to accomplish is to elect a far-left radical, named Obama, who will take this country to the highest form of a social/welfare state. If you doubt this, just look at his “Stimulus” package that he signed today (2/17/09). Only about $100B is considered job related, the other $650B is “pork barrel” or so called “earmarks” which will put this country you love into debt for decades to come. America is the best country in the world. This view is shared by all “patriotic citizens”, both Republicans & Democrats. The citizens of this country need to get back to the basic fundelmentals that made this country great, namely, wisdom (reason), morality, and the role of religion freedom. Remember, our Founders felt that by excluding the national government (Washington D.C.) from intervening in the local & state affairs of the people, was the only way to protect the “unalienable rights” of the people from abuse by an over-aggressive form of government – tendencies exhibited by Obama om many occasions in his first month of office. Remember the old saying …becareful what you wish for. All Americans are needed to return to its world recognition & dominance as the greatest nation on earth..

Anonymous 02/18/2009 2:53am

Did the President aka author read the bill he finally got around to signing yesterday?

Anonymous 02/18/2009 6:42am
in reply to Anonymous Feb 15, 2009 7:36am

Problem with that excuse is that Obama was supposed to bring change. but His comments of Bush did it too so I can… shows he is nothing except a liar all within the first 100 days. Start praying NOW!

Anonymous 02/16/2009 9:13am
in reply to Anonymous Feb 15, 2009 7:36am

Someone explain to me why so many people are arguing over a “stimulus” masquerading as a “spending” bill? What’s the difference? The government spends money to stimulate the economy. Did you really think that the government would find a way to stimulate the economy without spending money?

And before people start whining about economic stimulation through tax cuts, how do tax cuts stimulate spending by millions of newly unemployed who don’t pay taxes? How do tax cuts help business who are losing money and wouldn’t pay taxes anyway? They don’t. We can apply the tax cuts to the wealthy who still have money. In that scenario, we’re borrowing money to give tax cuts to wealthy Americans. Guess what got us into this mess in the first place?

When the government guzzles credit during the good times, it won’t have as much ability to borrow during the bad times to stimulate the economy. The net effect is that America’s future holds a significantly reduced standard of living over several decades to pay for the excesses of the past 8 years of incomprehensibly short-sighted republican policies. The best that we can hope for from the current administration and this stimulus bill is a controlled decline that avoids a jolting economic restructuring. Let’s land this ship gently in the Hudson River and not crash it disastrously on a house.

Anonymous 02/13/2009 5:15am

Any chance someone has an unsecured version of “Text of the Conference Report-Division B”? The Adobe PDF security is making it difficult to split out parts of the bills that are relevant to me.

Anonymous 02/18/2009 1:53pm
in reply to Anonymous Feb 13, 2009 5:15am

The bill needed to be much larger to get the economy stimulated. Keynesian economics states that the government must spend massive amounts of money. FDR did not spend enough and this bill is not big enough. What people have to do is spend money in order to raise the confidence and allow the government to stabilize the money issue(regulate banks,encourage loans, put a freeze on foreclosures, etc)before we are all living in Bushvilles.

Anonymous 02/21/2009 7:58am

Basic logic: If I have OVER SPENT more of my income than my living expenses, do I go out and SPEND lots more to better myself? Of course not! So how am I any different than the government? Lets get real!!!!
We are only robbing from our Grandchildren so we can keep spending foolishly today. This is immoral!

Anonymous 02/22/2009 5:19pm
in reply to Anonymous Feb 18, 2009 1:53pm

Congrats, when you pick a lost cause, you really commit. FDR extended the depression. We’ve just destroyed the US economy.

Good luck to our kids.

Read here for an alternate viewpoint: http://mises.org/freemarket_detail.aspx?control=258

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Anonymous 02/15/2009 7:36am
in reply to triptyx Feb 13, 2009 12:36pm

Interesting that you seem to know so much about the bill without having the TIME to read it.

On your reference to increasing the Nation’s debt, I wonder if you complained during the past 8 years while the Republicans created the 3 trillion dollar debt that got us off to such a great start? At least you admitted that the new administration started it’s tenure with a burden of debt in your statement, “… to FURTHER enslave your children…”

Sammycole 02/15/2009 9:26am
in reply to jp215 Feb 14, 2009 1:21am

I wonder if NASA will have to hire to help clean up the debris in space. Imagine….humans are littering SPACE.

Anonymous 02/17/2009 6:15pm

We finally figured out why Democrats are for higher taxes — Obamas cabinet showed us that they don’t have to pay their taxes.

jp215 02/14/2009 1:21am

Money given to NASA brings new technology. And that money does come back 10x over time.
But that being said thats not gonna help us anytime soon…

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