From House Minority Leader John Boehner

Before I share these things that are attributed to Rep. Boehner, I just wanted to add some of my thoughts. I am absolutely against the debt package being circulated by our new President.

$825 billion dollars? Who is going to pay for this? Your kids and my kids and their kids and their grandkids. And you wonder why I support the FairTax and the Picken's Plan?

I am not willing to stand by and continue to see so much debt tear our country apart! It is not of God and not smart. We are blinded by our debt. How can supposedly smart representatives believe that going deeper into debt will help us to become debt free? My fear is that they do not care about being debt free. They just want more governmental power.

Want to see the oncoming mess we are headed towards? Before you read these, ask yourself, where is the money going to come from? Is our government really able to back these promises? Will our government get its financial backing from those who hate us (the Middle East Money holders)?

I am very skeptical and sadly see us heading towards socialism with these careless spending packages. I have been taught that if you cannot pay cash for what you want then you cannot afford it. Wouldn't it be nice if our federal government set the example and ran on the same principles? Maybe the U.S. would recover more quickly?

From Rep. Boehner:

A Dozen Fun Facts About the House Democrats' Massive Spending Bill

1. The House Democrats' bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.

2. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

3. President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs. This means that this legislation will spend about $275,000 per job. The average household income in the U.S. is $50,000 a year.

4. The House Democrats' bill provides enough spending - $825 billion - to give every man, woman, and child in America $2,700.

5. $825 billion is enough to give every person living in poverty in the U.S. $22,000.

6. $825 billion is enough to give every person in Ohio $72,000.

7. Although the House Democrats' proposal has been billed as a transportation and infrastructure investment package, in actuality only $30 billion of the bill - or three percent - is for road and highway spending. A recent study from the Congressional Budget Office said that only 25 percent of infrastructure dollars can be spent in the first year, making the one year total less than $7 billion for infrastructure.

8. Much of the funding within the House Democrats' proposal will go to programs that already have large, unexpended balances. For example, the bill provides $1 billion for Community Development Block Grants (CDBG), which already have $16 billion on hand. And, this year, Congress has plans to rescind $9 billion in highway funding that the states have not yet used.

9. In 1993, the unemployment rate was virtually the same as the rate today (around seven percent). Yet, then-President Clinton's proposed stimulus legislation ONLY contained $16 billion in spending.

10. Here are just a few of the programs and projects that have been included in the House Democrats' proposal:

• $650 million for digital TV coupons.
• $6 billion for colleges/universities - many which have billion dollar endowments.
• $166 billion in direct aid to states - many of which have failed to budget wisely.
• $50 million in funding for the National Endowment of the Arts.
• $44 million for repairs to U.S. Department of Agriculture headquarters.
• $200 million for the National Mall, including grass planting.
• $400 million for "National Treasures."

11. Almost one-third of the so called tax relief in the House Democrats' bill is spending in disguise, meaning that true tax relief makes up only 24 percent of the total package - not the 40 percent that President-elect Obama had requested.

12. $825 billion is just the beginning - many Capitol Hill Democrats want to spend even more taxpayer dollars on their "stimulus" plan.

from Neal's Nuze

The Boehner rapid economic recovery plan would:

• Give Working Families Tax Relief: Make the tax code fairer and friendlier for the middle-class by doubling the child tax credit from $1,000 to $2,000 per child to put more money back in the pockets of working families.
• Rebuild 401(k)s and Spur Investment through a Zero Capital Gains Tax: Immediately suspend the capital gains tax on newly acquired assets for the next two years. This will encourage investment and boost the value of sagging 401(k) accounts on behalf of workers and retirees.
• Provide Tax Relief So American Businesses Create More Jobs: Increase the Section 179 limits that allow small businesses to expense new equipment, and extend bonus depreciation for an additional year and increase its value so that 75% of equipment costs can be deducted in the first year. Provide net operating loss relief for all employers by allowing all employers to “carry-back” losses for three years (five years for small businesses).
• Keep American Jobs at Home: At 35%, the American corporate tax rate is the second highest such rate in the industrialized world -– a cost passed on to consumers in the form of higher prices for goods and services. The Boehner plan would immediately reduce the rate to 25% to reduce prices for U.S. consumers and give employers additional incentive to keep good-paying jobs in America
• Create Jobs through an “All of the Above” Energy Plan: Accelerate exploration of new sources of American-made energy and begin implementing the “all of the above” energy strategy House Republicans introduced last summer in the American Energy Act (H.R. 6566). The GOP plan, which would create up to 1 million new jobs in the United States once implemented, calls for increased production of American energy, accelerated development and use of alternative and renewable fuels, and greater conservation and efficiency to reduce energy prices.

From Rep Boehner's Website