Wednesday, February 04, 2009
Cost of legislation: $825,000,000,000. Why? Unemployment is bad, or so the Dems and media say but in 1993 the unemployment was about the same as today (7%) and President Clinton proposed *only* $16,000,000,000 for a stimulus.
This current attempt at robbing our pocketbooks can be looked at this way: President Reagan said the best way to understand $1,000,000,000,000 (1 trillion) expenditure is this:
A crisp, new stack of $1000 bills, 4 inches high equals $1,000,000 (1 million).Only 3% of the bill is for road and highway spending.
To get to the $1,000,000,000,000 of the Dems, the stack would measure just over 63 miles.
In $20 bills, $1,000,000,000,000, the stack would be 3150 miles high, about the distance between DC and Trujillo, Peru.
The bill will cost each and every household $6700 in additional debt paid for by our kids and grandkids. It could give every man, woman and child $2700. Another way to view it, the supposed number of jobs that this legislation would create is 3,000,000 or $275,000 per job. Yet average household income is $50,000. Something is just wrong.
"A government big enough to give you everything you want, is big enough to take away everything you have." Thomas Jefferson.
Interest rates on US Treasury bills are increasing (yield on 10 year treasury bills has gone from 2.23% on 1/15 to 2.95% today - big swing)and this graph shows that our current situation is not as bad as the Dems and their microphone in the media would have us believe.
Call the Congressional switchboard, (202) 224-3121) ask for your senator and tell them, "NO, period." We don't need this bill, period.