Generational Theft Act Will Re-Start Trade Wars– Expand Welfare State & Nationalize Healthcare
The Generational Theft Act that is being pushed on America by Obama and the Democrats is loaded with goodies for liberal causes.
It is so bad that Dinocrat says calling it a “stimulus bill” is a distortion of the English language:
The bill is characterized as a “stimulus package”, but is really largely a pork barrel created exclusively by the political majority:
– $20.0 billion to increase the maximum benefit under…Food Stamps…
– $18.5 billion for energy efficiency and renewable energy…
– $20.4 billion for programs administered by the Department of health and Human Services…
– $17.6 billion for Pell grants…
– $29.1 billion for other elementary and secondary educational programs…
– $13.1 billion for other transportation programs
– $11.2 billion for housing assistance programs administered by HUD
– $19.5 billion (minimum, could be higher, as per Title XIII) for education grants to states
– $27.1 billion for increase unemployment benefits
– $13.3 billion to increase health insurance for unemployed workers
– $11.1 billion for “Other Unemployment Compensation”
– $20.2 billion for Medicaid and Medicare incentive payments
Not only does it fund Far Left causes but because of the inclusion of protectionist measures it is likely to start a trade war with Europe.
That is what democrats did in the 1930’s that helped turn the national recession into a national depression.
The Telegraph reported:
The EU trade commissioner vowed to fight back after the bill passed in the House of Representatives late on Wednesday included a ban on most purchases of foreign steel and iron used in infrastructure projects.
The Senate’s version of the legislation, which will be debated early next week, goes even further, requiring that any projects related to the stimulus use only American-made equipment and goods.
The inclusion of protectionist measures has quickly raised hackles in Europe.
Catherine Ashton, the EU trade commissioner, said: “We are looking at the situation. The one thing we can be absolutely certain about, is if a bill is passed which prohibits the sale or purchase of European goods on American territory, that is something we will not stand idly by and ignore.”
Despite the parlous state of the US economy, some major American firms, including General Electric, are also opposed to the Buy American stipulations, fearing reprisals from overseas and further damage to the global economy.
Hat Tip Larwyn
The massive democratic boondoggle will also reestablish the welfare state and create dependency on government.
The New York Post reported on this change for the worse:
Buried deep inside the massive spending orgy that Democrats jammed through the House this week lie five words that could drastically undo two decades of welfare reforms.
The very heart of the widely applauded Welfare Reform Act of 1996 is a cap on the amount of federal cash that can be sent to states each year for welfare payments.
But, thanks to the simple phrase slipped into the legislation, the new “stimulus” bill abolishes the limits on the amount of federal money for the so-called Emergency Fund, which ships welfare cash to states.
“Out of any money in the Treasury of the United States not otherwise appropriated, there are appropriated such sums as are necessary for payment to the Emergency Fund,” Democrats wrote in Section 2101 on Page 354 of the $819 billion bill. In other words, the only limit on welfare payments would be the Treasury itself.
“This re-establishes the welfare state and creates dependency all over the place,” said one startled budget analyst after reading the line.
Kimberly Strassel takes a look and finds Democrats enacting “Obama’s agenda of government-run health care — entirely on the QT.” Strassel finds that the bill dramatically expands the number of Americans who qualify for Medicaid:
Under “stimulus,” Medicaid is now on offer not to just poor Americans, but Americans who have lost their jobs. And not just Americans who have lost their jobs, but their spouses and their children. And not Americans who recently lost their jobs, but those who lost jobs, say, early last year. And not just Americans who already lost their jobs, but those who will lose their jobs up to 2011. The federal government is graciously footing the whole bill. The legislation also forbids states to apply income tests in most cases.
So, once again… is the change you’ve been looking for?