Friday, February 13, 2009

What the Senate Snuck Into the Stimulus While You Were Sleeping

Related: Congress Gave Out Golden Parachutes as Stimulus

"One last-minute addition was a $3.2 billion tax break for General Motors Corp. that would allow the ailing auto giant to use current losses to claim refunds for taxes paid when times were good."

"Thanks to a provision pushed by Senator John F. Kerry and Representative Richard Neal, a Springfield Democrat, about 1 million retired state and local workers who don't collect Social Security would also get the $250 checks. In some states, including Massachusetts, government employees pay into a state and local retirement systems instead of Social Security."

"Sen. Susan Collins, the Maine GOP dealmaker who's been in the limelight this week for helping to pass a watered down stimulus, has been talking a good game about the need to avoid wasting taxpayer money. But it looks like Collins also worked today to strip from the final bill a measure that's crucial to exposing that waste.... Collins used today's conference committee to drastically water down the measure, citing national security concerns as the reason for her opposition.... it's worth remembering that a key measure designed to help expose that waste was removed from taken out of the bill -- and by a senator said to be a champion of fiscal discipline. --source--w/hattip--"

Strange how that was nowhere in my Globe today.

Look, I know someone who will benefit from this, but I DON'T WANT IT!!!

WTF, Kerry?

This nation gonna BORROW INTO OBLIVION to give money to PEOPLE WHO DON'T NEED IT or ARE NOT ENTITLED TO IT?

Related: Stimulus Bill is For Jewish Interests Only

Obama Stimulus Giveaway to Corporations