A different take on the “Stimulus Bill”

Found this interesting review of the Stimulus Bill on http://www.Boundlessline.org… While I will not pretend to know enough about economics to join issues with the American Plan to pump about $1.2 trillion into the US economy to stimulate growth, a few of the items on the shopping list seem downright absurd to me.. A $246 million tax break for Hollywood movie producers, $650 million for the digital television converter box coupon program, $448 million for constructing the Department of Homeland Security headquarters, $248 million for furniture at the new Homeland Security headquarters, $150 million for Smithsonian museum facilities, $6 billion to turn federal buildings into “green” buildings, $75 million to construct a “security training” facility for State Department Security officers when they can be trained at existing facilities of other agencies, $110 million to the Farm Service Agency to upgrade computer systems and $200 million in funding for the lease of alternative energy vehicles for use on military installations sounds like a political scam of “Nigerianesque” proportions… But then maybe our Naija politicians are understudying the American model in the first place…. Join the debate here and read the full text here

19 thoughts on “A different take on the “Stimulus Bill”

  1. Your post's intresting… I think all that money is for the greater good… renovating homeland security is definitely a good cause… giving tax breaks to hollywood producers, people need to be entertained… exploring alternative energy sources, tell me that isnt a good cause?

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  2. Those figures are always under/over estimated. Take one of those and correctly inject it to Naija and everyone will flock back. They keep predicting snow but it hasn't come yet. These forecast people are teasing me, lol.

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  3. @ KOE — Guess so, just wondered if there were no other critical things that needed money to be innjected than these….
    @Naijababe — U wan travel? lol
    @Buttercup — Guess Govts have the perogative of selecting raisng taxes, or spending their reserves….
    @Adejoh — Furniture for hommeland security for $248million beggars belief bro….. Well if they translate to money paid out to people who would otherwise be out of work, guess it makes sense overall…@Teeee — Unfortunately, if it were Naija, close to 90% of the funds would end up in banks in the UK, Switzerland and all the other places they siphon our "National Cake" to…… Erm.. Are you sure you are not the only one who wants the snow this seriously???? lol…

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  4. Danny I came here to read gist…then I see you are writing serious things and then Black see's its something to do with economics and pushes me out of the way…do you see what you have started?

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  5. @Latifa — Hopefully, they'll get it right.. unfortunately my skill sets do not empower me to conduct a critical assessment of the plan…@BondGirl…..lol.. i'm only trying to shed my "unserious" tag for a more "bespectacled" mien….

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  6. I must confess, I came here some days ago, saw this is serious talk, was almost feeling like Bond girl.but today….I think I can handle it.all that amount of money? but I hope it would work, and if it was in Nigeria……..only God knows o!Thanks for the information

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  7. I have to agree, some of that stuff could have been taken out. I rather they build schools. I have been waiting for the construction of an elementary school right here in my neighborhood for 3 years. Its has been bumped back 5 years in a row!!!!! And to imagine, that money for schools and school construction was removed from the plan? There is no way they can make me understand that that made sense, sorry, no way no how.Anyway, I agree some of the moves over here are just more sophisticated techniques of what we Naija folks know as 'Naija politics'. But that is the way things are the world over. At least in the US senators and Congress men/women get crucified if they mess up and lose their seats. Democracy at its best.

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  8. @Olufunke — Methinks you first gave us a dose of Economics with your outstanding piece on the global recession.. I have barely scratched the surface here….And can't i be serious for once?… lol…@Madam SSD — Guess my gripe is that 9ja things get reported with an otherwordly slant – as tho its excrement from Mars – when equally lousy stuff also happens in the western world… Hopefully if you pressurize your senator hard enough the school will arrive… lol@Debbie — We can only hope so too….. And that the contracts do not go to companies that have high level politicians on their boards…

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  9. I'm quite clueless when it comes to matters of politics…but when hubby told me yesterday about the pay cut our public officers are supposed to get, i was awed! 15000 public officers earn 1 trillion naira! A third of our whole national budget for the year! God have mercy!!!Happy val's day!

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  10. @Aphro — I quite agree.. But hopefully it should stimulate spending by other sectors too…@Writefreak — The 9ja situation is downright criminal.. especially when you consider that they only passed sommething like 9 bills for the whole of last year!!!!

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  11. Read page 147 of the stimulus bill. I wanted to comment on that but I've pointed out too many faults in recent times that I've been accused of being a prophet of doom…

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  12. @Chxta — Guess if we take the whole world, especially politicians as being serious, we'd all end up sounding like prophets of doom.. The cadre seems to be populated by people with the same basic characteristics all over the world, except for the level to which they express them..

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