By James Soviero
The city of Los Angeles got 111 million dollars in stimulus money. The influx of cash “created or saved” 55 jobs. That would average out to $2,000,000 for every person either not fired, or hired. The city controller, Wendy Greuel said, “With our local unemployment rate over 12% we need to do a better job cutting red tape and putting Angelenos back to work.”
The Democrats took full control of both the House and Senate on January 3 unemployment rate was 4.6%, and the DOW was over 12,600 points. The GDP for the previous 3 months was a 3.5%.
How about some basic math with big numbers? If you take the amount of the stimulus spending, about800 billion dollars, and divide that by the number of people living in the United States, about 300 million, each man woman and child could have been handed a check for over $2,600.00. That would be over $10,000 for a family of four.
Here’s some more simple division with even larger numbers. Thirteen trillion dollars in national debt divided by our 300 million people works out to roughly 43,300 of each of us. Why not get a statement at the end the federal government’s fiscal year reflecting our individual share of this indebtedness?
Introduce legislation and call it the National Debt Transparency Act. Mail the reports around the same time Social Security Statements go out, and don’t forget to include all the children. It’s about $173,200 for the All American family of four.
Buried deep in the new health care law is a provision ready to add a new 2.3% tax on virtually all medical devices, including those purchased by our heroic Wounded Warriors. On March 24, 2010 an amendment proposed by Republican Senator Orin Hatch that would have exempted our vets was defeated 54 to 44. Every “Nay” vote was cast by a Democrat, including both senators Schumer and Gillibrand from New York.
Here are some Department of Education “earmarks”. A Las Vegas school district got $25,000 for a mariachi music program. Jackson State University received $478,941 to consider studying a school of osteopathic medicine, but a local paper quoted the commissioner of higher education in Mississippi saying the state had “no intention” of opening one. The Baseball Hall of Fame-$450,000, Rock and Roll Hall of Fame-$200,000 National Aviation Hall of Fame-$600,000. Last but certainly not least was New York City’s own big score.
There was $1.9 million dollars “earmarked” for the Charles B. Rangel Center for Public Service.