But Wait, There's More Waste!

Written by Moira Bagley on Friday January 30, 2009

An internal document obtained by NewMajority on Friday details even more wasteful spending in the now-$1.2 trillion spending bill that the Senate will take up next week.

The bill is so large that only 7 percent will be spent by the end of fiscal 2009. Yet even with this massive spending - if they divvied up and distributed the amount of the bill, it would equal $2,700 for every American man, woman, and child - there is still no aid to avert housing repossessions. Good news though for those who still have their homes: there's $650 million for digital TV converter coupons in the House bill.

And although only 2.7 percent of the bill is dedicated to small-business tax relief, some small businesses will benefit: The bill offers $150 million in honeybee insurance.

And what a coincidence: America's top honey-producing state, North Dakota, has two Democratic senators. Don't look for this measure to be stripped out in conference!
Category: News