U.S. Congress - S.1 American Recovery and Reinvestment Act of 2009
S.1 - American Recovery and Reinvestment Act of 2009
A bill to create jobs, restore economic growth, and strengthen America's middle class through measures that modernize the nation's infrastructure, enhance America's energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need, and for other purposes. view all titles (3)
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- Official: A bill to create jobs, restore economic growth, and strengthen America's middle class through measures that modernize the nation's infrastructure, enhance America's energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need, and for other purposes. as introduced.
- Popular: American Recovery and Reinvestment Act of 2009 as introduced.
- Short: American Recovery and Reinvestment Act of 2009 as introduced.
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Displaying 91-120 of 247 total comments.
For those who carelessly want the gov to spent 825B consider this:
we lost about 2m jobs in 2008. Say we lose 2m in 2009. Now let’s say the gov employs those 4m and let them work from home (basically doing nothing) for 50k a year for the next 2 years. That’s 400b. Are you convince now that the gov overspends?
Until the business start spending there will be no recovery. The businesses spend when they have money, they can’t run on deficit.
This is something the democrats can’t understand.
Cut taxes across the board, and increase the unemployment benefits to mitigate the pain- this is the fastest solution.
Stop “the pork” ones and for all.
I must say, of all the “give everybody xxx dollars” proposals I’ve seen lately, yours is the only one that the math actually adds up correctly and makes you think seriously about it.
For that matter, you could spend 480 billion and make it 40k for two years and support 6 million people—almost the entire number that are currently collecting unemployment benefits! 40K per year is enough to support any individual in this country, even if they have to move out of an expensive city or whatever to adjust. And some would look at $40 per year for the first time in their working lives!
You can’t arbitrarily hand out a lump sum of XXX dollars to millions of individuals. Most will plow right through it because they don’t have the financial skills to handle it. A big part of the problem we now face lies with the individual. We have a country of people who live on unsecured debt ( credit cards) or up until about 18 months ago, the equity in their home. Most people don’t discipline themselves to have an adequate amount of savings in reserve. The mindset in this country is based on instant gratification. That is not going to change overnight, it’s going to take years of re-conditioning. A lump sum of money is a bad idea because 90% of the recipients will be in the same boat six months later. Then what? They will screaming for another bailout!
Exactly. Right on Monneym. I actually thought the infrastructure was the first phase of the Gov. putting people back to work but that is even smaller than it should be. I am no economist but already know this plan or anything resembling it passes it will do nothing. But sorry the Republicans can’t cry foul now when they ran up these record deficits and gave irrepsonsible tax cuts in a time of war. That coupled with corporate greed got us here and this Bill sure won’t get us out just deeper in the same hole. These politicians are so out of touch. What’s it going to take? This is a complete breakdown of Government if you ask me. Should have given Obama a whole new House and Senate too.
Tax cuts do little to stimulate the economy. You’re way off base.
This bill must die on the Senate floor for the sake of the American people…..
NO MORE PORK……Enough said.
you want to stimulate the economy. send the 850 Billion directly to the american people and stop the corperate handouts.
Corperate GREED is we we are in this mess….
A hodge-podge of a bill.. Needs broken down into more digestible bits..
Reminds me of how Mental Health Parity was attached onto the bailout so very recently.. As far as these Fingertips are concerned, that was a cruel and deliberate move on the part of those who attached it solely to get something they felt or knew would not otherwise pass the muster.. With mental health topics being so prominent the last couple of years, what those involved effectively did in that case was dangle the very Lives of persons with mental illness in front of citizens..
This Act is coming across no differently.. Dangling an inordinate amount of topics knowing that each piece stands to bring them the prize they want…….
And don’t EVEN get me started on it in and of itself impressing segregation in its CHOICE of verbiage: “middle class”.
What, then, about the rest of the country who aren’t, ay..? :shakes head:
It goes to show that even the Senate is not familiar with their own laws. There is a provision in the bill to exempt the first $2400 of unemployment benefits from the Federal Income Tax. They base this number that unemployment is paid at the rate of $300/month (that is “month”, not “week”).
If this were normal time, taxing unemployment benefits may make sense. But, when 4.5 million people have lost their jobs in the past year, and about that many may lose their jobs this year, having to pay income tax is pure insanity. If one reads the tax summary of the bill, like the House version, this bill is welfare for business, banks, schools, etc; but, the taxpayer sees a tax decline of $10 or $20 per week. Those who are disabled or on social security get a $300 check. Meanwhile, billions go everywhere else. And the reason for this? Is to create or keep jobs; it looks like it does neither.
President Obama has a lot of work to do to get all the pork out and get legislation which really does create jobs and help hurting Americans. The lack of new ideas shows that our so called elected representative are completely out of touch with the reality in this country.
This Bill along with the Senate is a complete corrupt joke. Don’t have to go to the circus just have to turn on C-Span.
I support this bill.Tax cuts and credits can’t be the solution to every economic woe. The new deal deficit spending/infrastructure programs brought employment up 10+% points. This bill will provide TANGIBLE benefits to the American public, it has the support of CEOs of major American companies.
That’s why you should know it’s another pork barrel grab bag just like the first bailout. American CEOS are still considered good businessmen? Maybe in this country but the world has a much different view I can assure you.
Of course it has the support of CEO’s. Who got the first round of $350 billion? CEO’s trying to maximize the value of their stock options is what caused this problem in the first place. I wouldn’t trust one as far as I could throw one.
If, and thats a big if, we need to have some spending to help us along, lets take a more targeted and focused approach. The big “Hail Mary” approach rarely works. Maybe, reducing the foreclosure rate (original root cause here) would be a good first start.
Problem is, this is supposed to be of the people, for the people and by the people – I don’t recall Lincoln mentioning corporations. I don’t know about you, but reading through the comments on this and the HR1 comments, the tone is decidedly/strongly against the bill. The government should listen to the people and the people should make sure the government listens.
when are those with foreclosures going to get help?
where is america going to house all of the homeless that this economy is creating?
this is no longer about people who got tricked into sub-prime mortgages. this is about people losing their homes and shooting their families in hopelessness!!!!!!!!!!!!!!
Contact your senators! Tell them what you think! Don’t wait – do it while you can!
We have no one to blame but our selves….we are ultimately responsible for ourselves in life.
THIS BILL IS 90% PORK AND 10% FOR THE GOOD OF THE UNITED STATES OF AMERICA. THE FIRST STIMULOUS PACKAGE DIDN’T WORK AND NEITHER WILL THIS ONE. THIS IS A REVERSE ROBIN HOOD, ROB FROM THE POOR TO GIVE IT TO THE RICH.
Creating jobs IS NOT PORK!
most of the money in this bill is not to provide jobs, come on smoking prevention, insurance for honey bees, condoms, cleans coal and 26 billions for private equity firms (the people that buy and consolidate ie downsize companies) ect.
But on a positive note the bill will give $500 each to illegal aliens without social security cards.
No meaningful jobs will result till 2010-2011.
They have to stop taxing small business so much as an incentive to grow the business. My friend pays over 45% tax and huge liability insurance . He has no incentive to add more employees because of the costs involved.
This morning, I read through Title I – "General Provisions” of the House bill, "American Recovery and Reinvestment Act of 2009” (f:\VHLC\012309\012309.236.xml, January 23, 2009 (10:48 p.m.)). No where in those thirty or so pages do I find how or even if the results of all this spending are going to be measured. After over 45 years in industry I have learned that people cannot be held accountable for meeting goals without a meaningful system for measuring results on a timely basis so that adjustments can be made on-the-fly to hit or exceed the goals. I don’t see anything like that in this bill. I would like to know at least an estimate for each individual project, of how many jobs will be created or saved and an estimate of the impact on the economy before the money is doled out and I would like to see results reported.
To effect the requirement for estimating what the result will be I suggest an item be added, the (?) paragraph below, to the bill.
Subtitle B—Accountability in Recovery Act Spending
PART 1—TRANSPARENCY AND OVERSIGHT REQUIREMENTS
SEC. 1201. TRANSPARENCY REQUIREMENTS
(b) REQUIREMENTS FOR FEDERAL, STATE, AND LOCAL GOVERNMENT AGENCIES.—
(1) INFRASTRUCTURE INVESTMENT FUNDING
(B) The notification required by subparagraph (A) shall include the following:
(?) An estimate of the payback in terms of jobs created or saved and the impact on the economy in monetary terms not including the effect of job creation.
In addition I suggest that a report of actual results for each project be posted monthly on the website Recovery.gov
$600 million to buy hybrid vehicles for federal employees – I wish someone would buy me a new car.
A $246 million tax break for Hollywood movie producers to buy motion picture film – this is just stupid.
$88 million for the Coast Guard to design a new polar icebreaker (arctic ship) – uh, global warming?
$448 million for constructing the Department of Homeland Security headquarters and $248 million for furniture at the new Homeland Security headquarters – uh, no, not neccessary. Can use an exisiting building and census’s furniture that they will throw away when the census is done.
And the list goes on. This is just ridiculous.
the scientists are saying the warming part is over and we have entered a phase of global cooling they are saying the arctic is now getting colder.
So there is no such thing as global warming?? Thats what I thought, AlBore is a fraud..
The loonie tunes have escaped from the bin. Please capture them, deposit them at Gitmo and throw away the key!! While your at it round up Bushwacker and Darth Vader and let them join the new population of detainees. They play Waterboard and Global Warming every evening. Should be loads of fun and games for all you demented souls. Oh, and Fox NOT News airs 24/7. That should make ya’all happy as slaughtered animals.
Link please!
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&ContentRecord_id=5ceaedb7-802a-23ad-4bfe-9e32747616f9
“All four major global temperature tracking outlets (Hadley, NASA’s GISS, UAH, RSS) have released updated data. All show that over the past year, global temperatures have dropped precipitously. A compiled list of all the sources can be seen here. The total amount of cooling ranges from 0.65C up to 0.75C — a value large enough to erase nearly all the global warming recorded over the past 100 years. All in one year time.”
Wow, do you think the Nobel prize people will ask Gore for their money back?
“Over the past year, anecdotal evidence for a cooling planet has exploded. China has its coldest winter in 100 years. Baghdad sees its first snow in all recorded history. North America has the most snowcover in 50 years, with places like Wisconsin the highest since record-keeping began. Record levels of Antarctic sea ice, record cold in Minnesota, Texas, Florida, Mexico, Australia, Iran, Greece, South Africa, Greenland, Argentina, Chile — the list goes on and on.
No more than anecdotal evidence, to be sure. But now, that evidence has been supplanted by hard scientific fact. All four major global temperature tracking outlets (Hadley, NASA’s GISS, UAH, RSS) have released updated data. All show that over the past year, global temperatures have dropped precipitously."
http://www.dailytech.com/Temperature+Monitors+Report+Worldwide+Global+Cooling/article10866.htm
" Snow cover over North America and much of Siberia, Mongolia and China is greater than at any time since 1966. The U.S. National Climatic Data Center (NCDC) reported that many American cities and towns suffered record cold temperatures in January and early February. According to the NCDC, the average temperature in January "was -0.3 F cooler than the 1901-2000 (20th century) "
http://www.nationalpost.com/opinion/columnists/story.html?id=332289
“This winter’s record low temperatures and snowfall are one more indicator that recent global warming is likely not a result of man-made activities but of the natural ebb and flow of temperatures, says H. Sterling Burnett, a senior fellow with the National Center for Policy Analysis. The rhetoric has been that human activities are causing the earth to warm, ice caps to melt and hurricanes to get more destructive, adds Burnett, but the evidence increasingly shows that is not true. In fact, over the past decade the global average temperature has fallen to its lowest levels in 30 years…”
http://voices.kansascity.com/node/3371