Sunday, February 1, 2015

What the hell was that stimulus money five years ago supposed to be for?

It's like the Most Equal Comrade is sending ever-less-likely-to-be-passed ideas up to the new Congress just to have an excuse to call it intransigent.

Remember all those signs we saw along the highways right after the stimulus was passed touting the upgrades made possible by downgrading our grandchildren's shot at a decent standard of living?  Well, it wasn't enough, and this time, the nasty capitalists who are going to pony up are those greedy corporations that go overseas to avoid having their money seized by Leviathan:


 The $4 trillion budget that President Barack Obama sends Congress on Monday proposes higher taxes on wealthier Americans and corporations, and an ambitious $478 billion public works program for highway, bridge and transit upgrades.
The grab-bag of proposals, many recycled from past Obama budgets, already is generating fierce objections from Republicans, who control both chambers of Congress for the first time in his presidency. They will move ahead on their own, mindful they eventually must strike a deal with Obama, whose signature is needed for the budget to become law.
[snip]

Obama's six-year $478 billion public works program would provide upgrades for the nation's highways, bridges and transit systems, in an effort to tap into bipartisan support for spending on badly needed repairs.
Half of that money would come from a one-time mandatory tax on profits that U.S. companies have amassed overseas, according to White House officials who spoke on condition of anonymity before the budget was released.
The tax on accumulated foreign profits would be set at 14 percent, significantly lower than the current top corporate rate of 35 percent. 

Can you say "Cloward and Piven?"


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