Monday, February 23, 2009

American Recovery and Reinvestment Act of 2009

Let's take a quick look a the American Recovery and Reinvestment Act of 2009. Notice the last three words of the summary paragraph, "And for other purposes".

What the heck does that mean? I would submit a good "other" purpose is to "Buy Craig a new HDTV". Look a little deeper and the funds are there baby! TITLE VI—BROADBAND TECHNOLOGY OPPORTUNITIES PROGRAM! Thanks Obama!

Back to the Act. Let's look at spending on NASA. They are given $1,000,000,000 to spend in the following areas.
So, we are going to spend $1,000,000,000 on NASA. I'm good with NASA, they have done some cool things over the years. But there is no guidance, no plan, no expected outcome, just spend it! This is a recurring theme throughout this law. Spend, spend, spend.

There is much more to be said here but you get the point. Happy Spendulus everyone!
  • How much will the bailout cost your family? Find out.
  • Cant sleep? Read the law for yourself, it's only 407 pages of leagalese. See the whole thing here. You can also have a quick scan with this scribd document. Click the little icon on the right to make full screen.
Public Law American Recovery and Revitalization Act of 2009; Economic Stimulus Act signed by President Bara...

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