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Thursday, February 12, 2009

Stimuls or Spendulus

Democratic leaders are hailing the economic stimulus bill as a way to "invest quickly into the economy," but according to a Wall Street Journal estimate, only about 12 cents of every dollar will actually go to "something that can plausibly be considered a growth stimulus." - FOX News Story

The bill was passed basically on a party line vote in both the House and Senate over the last week. The bill now has come to a mix of the House Version and Senate Version. As you can read what the Wall Street Journal had to say, sounds pretty familiar to what you hear from the Republicans.

Below is a list of some of earmarks, oops their aren't any of those. Below is a list of the ECONOMIC STIMULUS ITEMS that you haven't heard much about, Composed by FOX News.


Tucked in among the vast construction projects and tax relief programs is an effort to revive a law that's been dead for over 60 years that would provide up to $198 million in pensions for Filipinos who fought alongside the U.S. during WWII. U.S. citizens would get $15,000 a year, but even non-citizens would still get $9,000 a year.

The bill also invests heavily in research and technology. NASA is set to receive $450 million for "Science" and another $200 million for "Aeronautics."

More than $28 billion is being provided to put kids in special education, Head Start and child care and development programs for disadvantaged children.

FOXNews.com readers pored over the package and found a host of expenditures that might not pump money in any time soon. What follows is a list of some of the more fascinating -- if less stimulating -- items in the bill:

-- $100 million for the Lead-Based Paint Hazard Control Grant Program
-- $200 million to the Leaking Underground Storage Tank Trust Fund Program
-- $300 million for "Violence Against Women Prevention and Prosecution Programs"
-- $900 million for the IRS for the "Limitation on Administrative Expenses"
-- $1 million for the Railroad Retirement Board for administrative costs
-- $2 billion for the Drinking Water State Revolving Act
-- $50 million for Health and Human Services to carry out injury prevention programs
-- $1.1 billion for studies on the effectiveness of different medical treatments -- $200 million to upgrade labs and facilities for the Department of Agriculture "to improve workplace safety and mission-area efficiencies"
-- $10 million for urban canal inspection
-- $16 billion to pay for student financial aid
-- $1 billion to pay for the U.S. Census
-- $600 million to pay for a fuel-efficient federal auto fleet
-- $650 million for the Digital Converter Box Program to help the constantly delayed transition from analog television
-- $485 million to the Forest Service for "hazardous fuels reduction and hazard mitigation activities in areas at high risk of catastrophic wildfire"
-- Up to $1 billion for "summer activities" for youths as old as 24
-- $40 million for the occupational research agenda
-- $3 billion for the Centers for Disease Control wellness programs and vaccinations
-- $410 million for Indian health facilities
-- $2.4 billion for carbon-capture demonstrations

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