On Sat, Feb 7, 2009 at 12:31 PM, Judah Mc wrote: > > Sen. Inhofe is in serious running for craziest Mo-Fo in the Senate. > And that is a very select club indeed.
Maybe so, I don't really pay much attention to him, I just noticed the quote from him yesterday. > Could you point me to the analyses that show money going > mostly to long term projects with little short term return? > Here is an article about the CBO analysis. CBO says almost half the spending (as opposed to tax cuts) will not be made until at least two years from now, largely due to bureaucracy and regulatory hurdles. In essence, the issue is that you can't just give a government agency $100 billion and expect it to be spent anytime soon, there are simply too many hurdles. http://www.cnsnews.com/public/Content/Article.aspx?rsrcid=42725 Here is the CBO report: http://www.cbo.gov/ftpdocs/99xx/doc9968/hr1.pdf Here is a Michelle Malkin post that contains a letter from the CBO Deputy Director about when they think the spending will actually take place. Note that this estimate is based on the original House bill: http://michellemalkin.com/2009/01/27/new-cbo-report-echoes-earlier-analysis-stimulus-too-sloooow-to-stimuluate/ Here is an excerpt from the letter: *Assuming enactment in mid-February, CBO estimates that the bill would increase outlays by $92 billion during the remaining several months of fiscal year 2009, by $225 billion in fiscal year 2010 (which begins on October 1), by $159 billion in 2011, and by a total of $604 billion over the 2009-2019 period. That spending includes outlays from discretionary appropriations in Division A of the bill and direct spending resulting from Division B. * > Most all of the spending, from what I've seen, is going to "shovel > ready" projects though. That has its upsides and downsides. For > instance, mass transit is getting shafted in this bill. That's the inevitable problem with the stimulus. Anything that will actually stimulate the economy in the short term has to be ready to go in large chunks, otherwise there is simply too much bureaucracy to put the money into play quickly. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:287686 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
