A lot of those jobs came from the federal government. Texas received more than 16 billion dollars in federal stimulus money. You know, the stimulus that didn’t work. The stimulus that didn’t create jobs. Yeah, that stimulus. Oh, government spending, why are you so useless?
(via randomactsofchaos)
Source: brooklynmutt
When Gov Perry talks about balancing the budget in Texas, remind his supporters that in his 2010-2011 budget, Texas was $6.6 billion in the red.
Perry ACCEPTED $6.4 billion in federal stimulus (to fill 97% of his deficit gap) on the SAME DAY he blogged of the irresponsible bailouts from WDC.
Another example of “talk vs walk”
The Obama Stimulus Created More Jobs In 2010 Than Bush Did in 8 Years (Politicususa)
(via diadoumenos)
Source: quickhits
The Houston Chronicle reported that as of July 2010, federal stimulus funds created or saved 47,700 jobs in the Lone Star State. Yet today during a question-and-answer session in Pembroke, New Hampshire, Perry once again feigned ignorance of the indispenable benefits his state received from stimulus money. In fact, he claimed that the stimulus “didn’t create any jobs, as far as I can tell.
So far, Texas has used $17.4 billion in federal stimulus money to keep schools open, ensure Medicaid coverage for children, and put more people to work on infrastructure projects. About half of that was spent on “shovel ready” projects — “things we would not have done with our own money,” says a senior budget analyst for the Center for Public Policy Priorities. Texas benefited disproportionately from the stimulus, using it to balance its budget two years in a row.
Washington Post columnist Steven Pearlstein is stunned by the radicalism of the GOP presidential candidates:
If you came up with a bumper sticker that pulls together the platform of this year’s crop of Republican presidential candidates, it would have to be:
Repeal the 20th century….
Perry brags about signing six balanced budgets in Texas. He doesn’t mention that one was balanced with stimulus dollars.
VIA OurFuture.org
Here are eight of the biggest myths that are out there:
1) President Obama tripled the deficit.
Reality: Bush’s last budget had a $1.416 trillion deficit. Obama’s first budget reduced that to $1.29 trillion.2) President Obama raised taxes, which hurt the economy.
Reality: Obama cut taxes. 40% of the “stimulus” was wasted on tax cuts which only create debt, which is why it was so much less effective than it could have been.3) President Obama bailed out the banks.
Reality: While many people conflate the “stimulus” with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be “non-reviewable by any court or any agency.”) The bailouts passed and began before the 2008 election of President Obama.4) The stimulus didn’t work.
Reality: The stimulus worked, but was not enough. In fact, according to the Congressional Budget Office, the stimulus raised employment by between 1.4 million and 3.3 million jobs.5) Businesses will hire if they get tax cuts.
Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.6) Health care reform costs $1 trillion.
Reality: The health care reform reduces government deficits by $138 billion.7) Social Security is a Ponzi scheme, is “going broke,” people live longer, fewer workers per retiree, etc.
Reality: Social Security has run a surplus since it began, has a trust fund in the trillions, is completely sound for at least 25 more years and cannot legally borrow so cannot contribute to the deficit (compare that to the military budget!) Life expectancy is only longer because fewer babies die; people who reach 65 live about the same number of years as they used to.8) Government spending takes money out of the economy.
Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on “welfare” and “foreign aid” when that is only a small part of the government’s budget.
(via silas216)
Source: leftish
reagan-was-a-horrible-president:
Paul Ryan on the stimulus: 2009 vs. 2012
Paul Ryan & Mitt Romney are having a lying contest. So far, it’s a tie.
Nah… Ryan wins because, in addition to being a WORLD-CLASS LIAR, he’s also ONE EVIL MOTHERFUCKER.
(via santorumforgop)
Source: think-progress
Christian apologetic/existentialist/progressive/interdenominationalist/freethinker/some agnosticism, library assistant, liberal blogger, Unite Blue member, DJ, respectful 2 all!
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