Ok, am I the only one that thinks our economy has become too involved and dependent on industries such as the defense industry? .....
No, I do not think so. Clear there is some fat, mis-spent $$$, fraud and such. However, this is some of the things the 10% DoD cut will buy you:
The $1.17 trillion stimulus bill was passed by House Democrats on Wednesday. Mark Zandi, chief economist for Moody’’s Economy.com, says most of the infrastructure spending in the plan won’’t occur until 2010 or later.
Provisions of the bill with questionable “stimulative benefits”
$1 billion for Amtrak, which hasn’’t earned a profit in four decades.
$2 billion to subsidize child care.
$400 million for research into global warming.
$2.4 billion for projects to demonstrate how carbon greenhouse gas can be safely removed from the atmosphere.
$650 million for coupons to help consumers convert their TV sets from analog to digital, part of the digital TV conversion.
$600 million to buy a new fleet of cars for federal employees and government departments.
$75 million to fund programs to help people quit smoking.
$21 million to re-sod the National Mall, which suffered heavy use during the Inauguration.
$2.25 billion for national parks. This item has sparked calls for an investigation, because the chief lobbyist of the National Parks Association is the son of Rep. David R. Obey, D-Wisconsin. The $2,25 billion is about equal to the National Park Service’’s entire annual budget. The Washington Times reports it is a threefold increase over what was originally proposed for parks in the stimulus bill. Obey is chairman of the House Appropriations Committee.
$335 million for treatment and prevention of sexually transmitted diseases.
$50 million for the National Endowment for the Arts. $4.19 billion to stave off foreclosures via the Neighborhood Stabilization Program. The bill allows nonprofits to compete with cities and states for $3.44 billion of the money, which means a substantial amount of it will be captured by ACORN, the controversial activist group currently under federal investigation for vote fraud. Another $750 million would be exclusively reserved for nonprofits such as ACORN –– meaning cities and states are barred from receiving that money.
$44 million to renovate the headquarters building of the Agriculture Department.
$32 billion for a ““smart electricity grid to minimize waste.
$87 billion of Medicaid funds, to aid states.
$53.4 billion for science facilities, high speed Internet, and miscellaneous energy and environmental programs.
$13 billion to repair and weatherize public housing, help the homeless, repair foreclosed homes.
$20 billion for quicker depreciation and write-offs for equipment.
$10.3 billion for tax credits to help families defray the cost of college tuition.
$20 billion over five years for an expanded food stamp program.