Monday, January 12, 2009

An Ideal Stimulus Package (by me)

$950 Billion Stimulus Package

$725b in Government Spending

--$70b to close state budget gaps, so spending does not get cut
--$50b to increase federal matching of Medicaid
--$70b to increase COBRA/Medicaid and begin UHC subsidies
--$150b in infrastructure projects
  • $30b in public transit
  • $40b in roads/bridges
  • $30b for energy infrastructure
  • $10b for port/commercial transit
  • $20b for research & development (non-environmental)
  • $20b for other
--$50b in green investment ($30b in energy, $20b in enhancements)
--$5b in rural broadband and expanded wi-fi / high-speed
--$15b in greening of buildings, federal and private (low income)
--$50b in expanded unemployment insurance
--$35b in expanded food stamp, welfare, and govt. housing
--$40b for education (hiring teachers and school improvements)
--$15b for environmental preservation/conservation
--$15b for Amtrak and special public transit modernization
--$20b for FAA / Air Traffic Control improvements
--$20b for increases in Pell grants and other financial aid
--$25b for health records modernization and other improvements
--$5b for electronic preservation of govt. documents
--$90 for WPA-style public employment

$225b in Tax Cuts (mostly payroll tax decreases for those earning less than $150,000 single / $200,000 married)

Right now, the Obama stimulus plan is listed at $775b with $300b in tax cuts, so I'm not all that hopeful. One can dream, though.