Generational Theft Act of 2009 update

By Michelle Malkin  •  January 15, 2009 10:03 AM

Rob Bluey at Heritage rounds-up the latest developments on stimulus-palooza:

1) Today at 10 a.m. House Republicans, led by Whip Eric Cantor, will convene a hearing at Obama’s invitation to come up with alternatives to his stimulus. Former Massachusetts Gov. Mitt Romney and former eBay CEO Meg Whitman will testify on the first panel. Cantor’s staff will use the hearing to show questions submitted via YouTube by American citizens. Click here to watch the live video feed at 10 a.m.

2) Obama is heading to Bedford Heights, Ohio, tomorrow to sell the stimulus. It would be great to have our free-market allies greet him.

3) House Democrats will reduce the “tax cuts” in the stimulus from $300 billion to $230 billion, reports RedState’s Brian Faughnan. House Ways and Means Chairman Charlie Rangel has insisted the stimulus include the AMT fix, costing $70 billion, which even some Democrats acknowledge won’t have the same stimulative effect as other tax relief.

4) National Taxpayers Union is planning to protest the U.S. Conference of Mayors meeting on Saturday at 12 p.m. at the Capitol Hilton (1001 16th St. NW). You can RSVP on Facebook. Mayors, of course, want the bulk of stimulus money to fill their coffers, but because Obama has promised no earmarks in the bill, it will instead be funneled through state governments, then to municipalities and local officials. Rep. Jim Moran (D-VA) said more than half of the money would be used for this purpose.

Make yourselves heard.

Do it for The Children.

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Posted in: fiscal stimulus

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Comments


  1. #1
    On January 15th, 2009 at 10:10 am, tiredofit08 said:

    here’s my program….tax cuts for both individuals and business, and a belt-tightening program for congress and other government agencies..we have to so should the government as the government derives its power from WE THE PEOPLE…not the other way around….

  2. #2
    On January 15th, 2009 at 10:13 am, Mister P said:

    Personally I don’t think it is generational theft. We will be bankrupt before then.

  3. #3
    On January 15th, 2009 at 10:17 am, Socky said:

    My program: Reduce all mortgages on owner-occupied primary homes by 50%. Suspend capital gains and income taxes, reduce corporate tax rate to 10%. Declare student-loan amnesty. Suspend non-essential government programs.

    Yeah, it’s not pure capitalism, but it’s better than pouring money down the sinkholes of government and giant banks. At least under my plan, it raineth on the just and the unjust alike.

  4. #4
    On January 15th, 2009 at 10:18 am, orlandocajun said:

    How about cutting 25% of the Federal Government and its spending, eliminate capital gains tax for two years, extend the existing tax rates for two years, or implement the fair tax. Stop all bail-outs immediately and let the private sector take care of itself. There’s nothing in the Constitution that empowers the Federal Government to interfere with the private sector.

    End welfare programs for all except the needy senior citizens. You can’t get food stamps without qualifying. Why should rich seniors benefit from the medicare and prescription drugs programs whey they can pay their own way? Welfare recipients can do the work that Americans won’t do and send illegals back where they came from.

    We already have national debt that our children, and probably our grandchildren won’t be able to pay off.

    Anyway, I think that would be a good start.

  5. #5
    On January 15th, 2009 at 10:37 am, pueblo1032 said:

    How about the FEDS just get the HELL out of the way, and let the weak fall by the wayside, and the strong SURVIVE… We all know what happened when the FEDS tried to control the recession of 29… It became the DEPRESSION of the ages… Times like this are NATURES WAY of weeding out the GARDEN, so to speak… Stop creating the CRUTCH by which the weak only last for a short time…

  6. #6
    On January 15th, 2009 at 10:38 am, Dexter Alarius said:

    … and shut down the mints!

  7. #7
    On January 15th, 2009 at 10:43 am, genso said:

    As the market sinks again to test the lows of last fall, we can all be heartened by the fact that if we had not had this glorious bailout from our all-knowing and ever-generous government, we can only imagine how much worse it could be. Thank God for our glorious leaders. And just wait until we find out how many jobs are being saved by this as well. And all of this before our new Dear Leader finally steps into his own personal destiny.

  8. #8
    On January 15th, 2009 at 10:48 am, John Deaux said:

    How about furloughing government employees (unpaid) in all non-essential programs for one week a month. If we can survive for a year like that, then maybe we need to look into reducing our public sector workforce, and its associated cost,by 25% permanently.

  9. #9
    On January 15th, 2009 at 12:05 pm, conservativesRus said:

    On January 15th, 2009 at 10:17 am, Socky said:

    I’m pretty sure your plan would be different if you were the one loaning the money. In fact, I guarantee it.
    It’s always so thoughtful of people to happily give away other peoples money, violate other peoples contracts.
    Just wait till it’s your contract that is violated.

  10. #10
    On January 15th, 2009 at 12:49 pm, cheapseat said:

    once again those who can must suffer to pardon and prop up those who can’t or won’t. we have to pay for alarms in our homes and cars because our police which we pay for are busy giving out tickets instead of fighting crime. we must pay for colleges which teach high school courses, because high school teaches sex ed and propeganda. we must pay for bailing out the gamblers of our society, and we have been paying trillions for our lazy “poor” for nearly 50 years. we now have to pay for the illegal immigrants who come here to do the jobs our lazy won’t do because they are gettin gubmint cheese. and you wonder why we have a deficit? imagine your house doing the things our government does, and how long before your family would be broke, homeless, and destitute.

  11. #11
    On January 15th, 2009 at 1:09 pm, rambler said:

    Our gov has been operating without a lick of common sense. None of the elected officials seems to care about the will of the people or what’s best for the country. Instead, they have developed a system which rewards themselves at our expense. We are not a bottomless pit of financial support for all their stupid programs. How long can they continue to ignore the American public?

  12. #12
    On January 15th, 2009 at 1:49 pm, madmonkphotog said:

    Make yourselves heard.

    Do it for The Children.

    What, smoke?

  13. #13
    On January 15th, 2009 at 2:35 pm, Kevin K. said:

    cheapseat said: (#10)

    [O]nce again those who can must suffer to pardon and prop up those who can’t or won’t.

    I don’t mind helping those who CAN NOT help themselves. (I even give my own money as well as paying my taxes.) I really resent being forced to support those who WILL NOT help themselves.

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