House Stimulus Bill (Full Text)

[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...

[Connie_Corleone]

1. Thanks for posting. I was looking for this!

[Shiver]

2. No problem, I thought people would like to see it

:hi:

[Shiver]

3. .

:kick:

[Shiver]

4. Page fourteen

1 SEC. 1112. ADDITIONAL ASSURANCE OF APPROPRIATE USE

2 OF FUNDS.

3 None of the funds provided by this Act may be made

4 available to the State of Illinois, or any agency of the

5 State, unless (1) the use of such funds by the State is

6 approved in legislation enacted by the State after the date

7 of the enactment of this Act, or (2) Rod R. Blagojevich

8 no longer holds the office of Governor of the State of Illi-

9 nois. The preceding sentence shall not apply to any funds

10 provided directly to a unit of local government (1) by a

11 Federal department or agency, or (2) by an established

12 formula from the State.

Is it odd that I find this bit kinda funny?

[PBS Poll-435]

5. Damn! Talk about a freaking call-out

In a piece of Federal legislation, no less.

[Shiver]

6. And for some reason

it had me laughing for twenty minutes straight. :rofl:

[Muttocracy]

8. !! If it passes, he will make it into the congressional record :)

[dascientist]

23. MUHAHAHAHAHAHAH!!!!!

[Shiver]

7. I just reached page 102

And realized I partially understand most of what I'm reading... and staring at the screen like this for so long is giving me a headache...

[Shiver]

11. One last kick...

:kick:

[Hope And Change]

9. K & R!

[Shiver]

10. A partial summary....

Infrastructure

$32 billion to transform the nation's energy transmission, distribution, and production systems
$16 billion to repair public housing and make key energy efficiency retrofits.
$6 billion to weatherize modest-income homes
$10 billion for science facilities, research, and instrumentation
$6 billion to expand broadband internet access
$30 billion for highway construction
$31 billion to modernize federal and other public infrastructure
$19 billion for clean water, flood control, and environmental restoration investments
$10 billion for transit and rail
$14 billion for School Modernization and Repair Program
$6 billion for higher education modernization
$20 billion for health information technology

$200 billion total

Tax cuts

$87 billion for a temporary increase in the Medicaid matching rate.
$43 billion for increased unemployment benefits and job training
$39 billion helping with healthcare under COBRA and providing short-term options to be covered by Medicaid.
$79 billion in state fiscal relief to prevent cutbacks to key services
$4.1 billion to provide for preventative care and to evaluate the most effective healthcare treatments
$15.6 billion to increase the Pell grant by $500
$4 billion for state and local law enforcement funding.
$27 billion to local school districts through
$20 billion to increase the food stamp benefit by over 13% in order to help defray rising food costs.

$275 billion total

Oversight:

Department of Agriculture—Office of Inspector General, $22,500,000.
Department of Commerce—Office of Inspector General, $10,000,000.
Department of Defense—Office of the Inspector General, $15,000,000.
Department of Education—Departmental Management—Office of the Inspector General, $14,000,000.
Department of Energy—Office of Inspector General, $15,000,000.
Department of Health and Human Services—Office of the Secretary—Office of Inspector General, $19,000,000.
Department of Homeland Security—Office of Inspector General, $2,000,000.
Department of Housing and Urban Development—Management and Administration—Office of Inspector General, $15,000,000.
Department of the Interior—Office of Inspector General, $15,000,000.
Department of Justice—Office of Inspector General, $2,000,000.
Department of Labor—Departmental Management—Office of Inspector General, $6,000,000.
Department of Transportation—Office of Inspector General, $20,000,000.
Department of Veterans Affairs—Office of Inspector General, $1,000,000.
Environmental Protection Agency—Office of Inspector General, $20,000,000.
General Services Administration—General Activities—Office of Inspector General, $15,000,000.
National Aeronautics and Space Administration—Office of Inspector General, $2,000,000.
National Science Foundation—Office of Inspector General, $2,000,000.
Small Business Administration—Office of Inspector General, $10,000,000.
Social Security Administration—Office of Inspector General, $2,000,000.
Corporation for National and Community Service—Office of Inspector General, $1,000,000.
Government Accountability Office—Salaries and Expenses, $25,000,000, for oversight activities relating to this Act.

$233,500,000 in oversight funds relating to this act.


$475,233,500,000 accounted for as of page 408. I may have missed some things, though. I have a headache...

[depakid]

19. So how is a tax cut going to provide $4 billion in state and local law enforcement funding>

Inquiring minds want to know....

[Shiver]

20. My fault. It says "tax-cut" when I should have said "tax-related" or "tax-relief"

From the Appropriations Committee in-house summary:

Save Public Sector Jobs and Protect Vital Services: We will provide relief to states, so they can continue to employ teachers, firefighters and police officers and provide vital services without having to unnecessarily raise middle class taxes.

· $87 billion for a temporary increase in the Medicaid matching rate.

· $4 billion for state and local law enforcement funding.

*snip*

State and Local Law Enforcement: $4 billion to support state and local law enforcement including $3 billion for the Byrne Justice Assistance formula grants to support local law enforcement efforts with equipment and operating costs, and $1 billion for the COPS hiring grant program, to hire about 13,000 new police officers for three years. The grantee is responsible for at least 25% in matching funds and must commit to use their own funds to keep the officer on board in the fourth year.

Full summary located here: http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=132&topic_id=8093752

[pkz]

12. here's the "in-house" summary

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8093752

[Shiver]

13. I saw that, yeah

Wish I'd seen it before I read through all 647 pages of the bill and compiled my own lists...

[truebrit71]

14. OKay...I'm missing where the downloadable pdf is?

...sorry for being in idiot..can someone point it out?

[Shiver]

15. Click the link in the OP

The link for the PDF is in the second paragraph on the Huffington post website. :hi:

[truebrit71]

16. Got it! Thanks!

Cheers!

[stillcool]

17. thanks! I have to bookmark this

sucker for a time when I can maybe comprehend some of it.

[Kurt_and_Hunter]

18. Thanks. Useful post.

[Shiver]

21. For the record

I do agree with you, from the other thread, that there needs to be more infrastructure spending - at least double what they have now. It's a good start, but it needs to be bigger. My hope is that this is just the beginning.

[Shiver]

22. What the hell

Kick for a new day.