Ft. Lauderdale, Fl USA
WASHINGTON Vice President Joe Biden asserted in an interview Wednesday that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.
In an interview broadcast on CBS's "The Early Show," Biden defended the program against accusations by Republicans critics that it hasn't been the job-manufacturing machine the administration promised to the American people.
He argued that money invested in both private and public-sector initiatives has saved as many as 2 million jobs, and said, "I don't think they realize it." http://news.yahoo.com/s/ap/20100217/ap_on_bi_ge/us_biden_economy
Two million jobs? Well, let's see...
WASHINGTON (AP) The White House has abandoned its controversial method of counting jobs under President Obama's economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.
Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It's no longer about counting a job as saved or created; now it's a matter of counting jobs funded by the stimulus.
That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.
The new rules, quietly published last month in a memorandum to federal agencies, mark the White House's latest response to criticism about the way it counts jobs credited to the stimulus. When The Associated Press first reported flaws in the job counts in October, the White House said errors were being corrected and future counts would provide a full and correct accounting of just how many stimulus jobs were saved or created.
Numbers published later identified more than 640,000 jobs linked to stimulus projects around the country. The White House said the public could have confidence in those new numbers, which officials argued proved the administration was on track to keep Obama's promise that the stimulus would save or create 3.5 million jobs by the end of this year.
But more errors were found, with tens of thousands of problems documented in corrected counts, from the substantive to the clerical. Republicans have used those flaws to attack what so far is the signature domestic policy approved during Obama's presidency. http://www.usatoday.com/news/washington/2010-01-12-stimulus-counting_N.htm?obref=obin site
Biden says the country has gotten it's money's worth? Well, let's see.....
Stimulus funds going to slashed programs
WASHINGTON More than $3.5 billion in economic stimulus funds are going to programs that President Obama wants to eliminate or trim in his new budget.
The president's budget released this month recommends getting rid of Army Corps of Engineers' drinking-water projects, which got $200 million in stimulus funds, and a U.S. Department of Agriculture flood-prevention program, which received $290 million from the stimulus, a USA TODAY review of stimulus spending reports show.
The administration's budget plan says the corps and USDA programs are inefficient and duplicate similar, more effective work by other agencies. The proposed cuts indicate the programs shouldn't have gotten money from the $862 billion stimulus package, said Tom Schatz of the non-partisan budget watchdog Citizens Against Government Waste.
Obama's proposed budget also includes $334 million in cuts to programs that got more than $3 billion in stimulus money. They include:
A $100 million cut in funding for maintenance and construction in national forests. The Forest Service got $650 million for such projects in the stimulus package, of which $55.6 million has been spent, according to USDA reports. The White House budget says the Forest Service doesn't need as much money because it is building fewer roads.
A $44 million decrease in funding for an Interior Department program to thin trees and brush on federal land to mitigate wildfires. The stimulus provided $15 million for the program. The administration says it is reorganizing the program, which has been less effective than it should be because it didn't focus on preventing the fires most likely to threaten homes. http://www.usatoday.com/news/washington/2010-02-17-stimulus-funds_N.htm?csp=34&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomWashington-TopSto ries+%28 News+- +Washington+-+Top+Stories%29&utm_content=My+Yahoo
So how has that stimulus money been used? Let's see.....
Education Energy Transportation Safety Net
Total funding $98.2 billion $33 billion $48.1 billion $207 billion (estimate)
Amount available $69.3 billion $20.4 billion $34.1 billion $120.2 billion
Amount paid out $32.3 billion $1.1 billion $8.6 billion $103.9 billion
The only area even near spending the money allocated is the safety net. What is the safety net? Increased federal payments to states for Medicaid and unemployment insurance. Boosted spending on food stamps. Unemployment insurance payments, which were $10 billion higher in 2009 than originally estimated. No doubt that is important to those needing food stamps and unemployment payments but do you see anything there that would create jobs?
AP - President Barack Obama hailed Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job. http://news.yahoo.com/s/ap/20100217/ap_on_bi_ge/us_obama_stimulus
I guess Obama forgot that the two million figure was shot down and he acknowledged it. He also praised Biden for making sure there were no entitlements paid out in the stimulus bill. Guess he forgot that he had acknowledged them, too, and promised not to do it again.
AP - Vice President Joe Biden says "Washington right now is broken" and the country is in "deep trouble" unless it attacks ballooning federal deficits. http://news.yahoo.com/s/ap/20100217/ap_on_go_pr_wh/us_biden_on_washington
Joe finally made a true statement....took long enough.