Would it be on any of this? Because the $825 billion we are about to borrow and spend amounts to $8,800 for every American family.
You should read the fine print of the provisions – the hubris is incredible. It includes provisions that projects that are labor intensive are given preference, that Secretaries of the corresponding departments fast-track various projects according to their importance and likely speed of implementation (“priority to projects that can commence promptly after passage of the Act”), that maximum amounts of funding be allocated to administrative tasks within each department, that housing stabilization funds (up to $5 billion) be used primarily in “high need” (high foreclosure) areas, etc.
I don’t see as much infrastructure spending in there as one would suspect given the rhetoric. This is an orgy of rent seeking of historical proportions. And when passed in an atmosphere of hysteria and misinformation, all of us taxpayers will be forced to choke down these horsepills and like it. A good exercise would be to revisit this bill in 5 years and look at how much of it turned out to be “temporary” which is what this sort of a stimulus is supposed to be.
Another way to think about whether this plan is a good idea, is to ask yourself, would you prefer $8,800 in cash, or a share of stock in a company that is “investing” in all of the things this stimulus bill is doing? How about $4,400? $1,000? Yeah, I thought so. Perhaps that is not a perfect comparison – would you rather a government bond with a face value of $8,800? $4,400? $500?
The numbers are just staggering. I cannot possibly imagine spending 200 billion dollars on ANYTHING, much less on ‘Internet access for rural communities’
They can keep patting themselves on the back about this and how ‘bipartisan’ it is, but honestly if this is the outcome of ‘bipartisanship,’ I want to go back to nasty, vicious, effective party politics. Thanks very much.
Not that it was bipartisan, the Republicans didn’t really agree to any of it. Not to mention that it is growing now. Growing! Ha!
Oh, and to answer your question, I’d rather have about $10 cash to buy my lunch today than a share in the stock of this ‘company’.
Response to the recent comment, I would not want to at this time put any type of funds towards any type of stock nor would I really want to put towards the internet, do to lack of employment that I am seriously striving to come up from.
If it were to be me, I would rather be extremely happy to just be able to recieve a check in the amount of 2,000$$$$ monthly to just help me provide a more stable happy home for my children and family. This would help to avoid any evictions, loss of usage of electrical and gas services, which all has just happened to me and my 2 children.