The Black Informant | African American Commentary, News and Community Building

‘Memba we were told that it was critical for us to push the stimulus bill ($3.27 trillion–total cost, not the $787 billion sticker price msm keeps repeating), otherwise America would go to hell in a handbasket? Well apparently the “collapse” of things like Medicaid and unemployment benefits would have really destoyed America as we know it.

From the NY Times

Nearly three months after President Obama approved a $787 billion economic stimulus package, intended to create or save jobs, the federal government has paid out less than 6 percent of the money, largely in the form of social service payments to states.

[...]

The stimulus bill has directly injected around $45.6 billion into the economy, mostly to help states cover the costs of Medicaid and unemployment benefits, one-time $250 checks that were mailed to Social Security recipients last week, and income tax cuts that began to take effect this spring.

[...]

The intent of the stimulus program was to pump money into the economy quickly, and many members of Congress said at the time of its passage that speed was of the essence. But the huge program has been a challenge to administer for both a new administration and for states and local governments grappling with their own fiscal problems. (more…)

“administer” – Like the between 8-10,000 stimulus checks that were mailed out…to dead people.

Let’s go back to a post I did back in January. Here, the Congressional Budget Office warned us that a majority of the stimulus money would not be used until the second half of 2010.

WASHINGTON — As President Barack Obama’s $825 billion economic-recovery package began making its way through Capitol Hill, congressional budget analysts suggested a key plank of the plan may not provide as big a near-term lift for the economy as expected.

The nonpartisan Congressional Budget Office projected less than half of the $355 billion that House Democrats want to spend on highways, bridges and other job-creating investments is likely to be used before the end of fiscal 2010. The CBO said the balance would likely be spent over the next several years, after the recession is projected to end.

I raised these questions:”So why not wait until then to request the money? Why further push America now into debt for something that might not be needed in the future?”

I then ended the post with this~

“Last thing. What is happening at the end of fiscal year 2010?

Mid-term re-elections. The timing is perfect.”

Nothing needed to be rescued. The only thing that was needed was a bunch of saps to believe the story.

Consider yourself jacked!