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Shiver Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:17 PM
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House Stimulus Bill (Full Text)
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Edited on Sat Jan-24-09 02:18 PM by Shiver
House Stimulus Bill (Full Text)
Ryan Grim, The Huffington Post
January 24th, 2009

The 647-page House stimulus package scored the coveted designation of H.R. 1, which the Speaker reserves for her highest legislative or symbolic priority. The bill is a combination of legislation that moved this week through the Ways and Means, Energy and Commerce and Appropriations Committees. It is scheduled to be introduced Monday.

*snip*

John Maynard Keynes famously said that burying bottles of cash under ground would be a suitable -- if not ideal -- way of reducing unemployment. One person's bottle-burying earmark is another's job-creation project.

"If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez faire to dig the notes up again . . . there need be no more unemployment," Keynes wrote in his work The General Theory. "It would indeed be more sensible to build houses and the like; but if there are political and practical difficulties in the way of this, the above would be better than nothing."

Is this stimulus burying bottles of cash? Or building houses and the like?


Full article, plus all 647 pages of the bill located at above link.

*****

If this has been posted before, I couldn't find it. The above link has the entire bill, both on the page and in downloadable pdf format. Anyone have time to read the whole thing? I'm up to page sixty-three...
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