Wednesday, January 7, 2009

Cantor on stimulus: largest spending bill in history

Virginia Congressman Eric Cantor updates on what is shaping up to be the largest spending bill in history.

A few things to note about the bill.

A) Waste: Those "vital" infrastructure projects Obama and the Dems trumpet? They might be, oh..... baseball museums. Here's a list of potential projects provided by the Conference of Mayors.
  • $350,000 for an Albuquerque, N.M., fitness center;
  • $94 million for a parking garage at the Orange Bowl in Miami;
  • $4.5 million for Gretna, Florida, to bottle water with recyclable bottles;
  • $35 million music hall of fame in Florissant, Missouri;
  • $55 million for a mob museum in Las Vegas (described in the mayors report as “Historic Post Office Museum Rehabilitation”);
  • $20 million for a minor league baseball museum in Durham, North Carolina; and
  • $6 million for snowmaking and maintenance facilities at Spirit Mountain, Minnesota.
B) Gov't Jobs Bonanza: We've all heard the 600,000 new government jobs thing. But do you realize how much 600,000 is? That's almost 50% of the government's current civilian (non-postal) workforce. This is a massive increase in gov't jobs, with their plush salaries, cush hours, and friendly pensions.

C) Cost Per Job: Cantor's office notes that even if the stimulus creates or saves 3 million jobs, that will come at the price of $333,000/job. Efficient. Streamlined. Just what we heard in the campaign.

Sleep tight!