It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
If you mentally replace the phrase "job-creating investments" with "unconstitutional federal spending," you begin to see that the bill actually consists largely of a whole laundry list of pet spending projects very like the fiscally irresponsible, unconstitutional, federal overspending that has piled up an unfunded federal liability of over $50 trillion dollars (see a very enlightening 30-minute video clip of the movie "I.O.U.S.A." online at www.youtube.com...).
What's more passage of this $888 billion stimulus bill would ensure that this year's federal budget deficit would be well over a trillion dollars. And, we're told that this would only be the beginning of many years of trillion dollar deficits. This would likely lead to unprecedented levels of inflation.
Don't be fooled by the small cosmetic changes that will be made during the amendment process, this bill will still contain hundreds of billions of dollars of unconstitutional spending.
Originally posted by TheWorldReallyIsThatBorin
Regardless of the reason for changing the package, legislating "buy American" is a form of tariff, or trade barrier.
The simple fact is trade barriers, or tariffs, only ever hurt the country that implements them. They give no benefit whatsoever. Never have in the history of the world and never will. They cost jobs and money. And for rich trading nations like the US or Australia the effects are even worse than for poor countries.
This is not a theory, or political belief. It is a fact of basic history.
That sophisticated countries like the USA, or my country Australia, still have politicians who propose them in the 21st century is just sad.
This is not full bore protectionism
Originally posted by cognoscente
If a large proportion of the trillion dollars worth of planned infrastructure development is placed in the hands of one or two corporations, they will have a very good reason to jack up prices as high as they like. This is only going to make Americans worse off. I'm sure that's obvious. And you can't tell the companies not to increase prices.
Originally posted by Illusionsaregrander
If we dont get more active in all levels of politics, we wont even know in four years. This is more than a republican/democrat problem. Both parties are in bed with corporate interests.