According to the bill Congress passed, the $2,000,000,000 in additional funds:
”shall be derived by transfer from the amount made available for “Department of Energy – Energy Programs – Title 17 – Innovative Technology Loan Guarantee Program” in title IV of division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5)”.
Public Law 111-5, was passed February 17, 2009. In it, the Innovative Technology Loan Guarantee Program was appropriated $6,000,000,000. According to the Congressional Budget Office <PDF>, the $6B’s scheduled outlays were (in millions):
|| 2009: $60 || 2010: $1,200 || 2011: $1,500 || 2012: $1,500 || 2013: $1,200 || 2014: $540 ||
They were allocated $6B, over 6 years, with $60M scheduled in 2009 – TO BACK INNOVATION LOANS.
Now, they will “transfer” $2B. Technically the money is not there – it’s loan guarantees. Even if it did exsist, only $60M would be availible per the budget…
Additionally, Freakonomics points out, Congress originally set aside $1 billion to fund the program. If all of that money was going to pay these subsidies, there would be enough money to pay for 250,000.
Tags: cash for clunkers, Global Warming, Government Motors, taxation
22/7 = 3.14285714
3.141592653589793238462643383279
5028841971693993751058209749445923
07816406286208998628034825342117067
9821 48086 5132
823 06647 09384
46 09550 58223
17 25359 4081
2848 1117
4502 8410
2701 9385
21105 55964
46229 48954
9303 81964
4288 10975
66593 34461
284756 48233
78678 31652 71
2019091 456485 66
9234603 48610454326648
2133936 0726024914127
3724587 00660631558
817488 152092096
Tags: Pi
“How is the emergency to end if everything is to stand still?”
Fred Kinnan, in Atlas Shrugged by Ayn Rand.
Is this our forcast?
–
DIRECTIVE 10-289
In the name of the general welfare to protect the people’s security, to achieve full equality and total stability, it is decreed for the duration of the national emergency that:
- Point One: All workers, wage earners, and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment, under penalty of a term in jail. The penalty shall be determined by the Unification Board, such board to be appointed by the Bureau Of Economic Planning and National Resources. All person reaching the age of twenty-one shall report to the Unification Board, which shall assign them to where, in its opinion, their services will best serve the interests of the nation.
- Point Two: All industrial, commercial, manufacturing, and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit, nor leave, nor retire, nor close, sell or transfer their business, under penalty of the nationalization of their establishment and of any or all their property.
- Point Three: All patents and copyrights, pertaining to any devices, inventions, formulas, processes, and works of any nature whatsoever, shall be turned over to the nation as a patriotic emergency gift by means of Gift Certificates to be signed voluntarily by the owners of all such patents and copyrights. The Unification Board shall then license the use of such patents and copyrights to all applicants, equally and without discrimination, for the purpose of elimination monopolistic practices, discarding obsolete products and making the best available to the whole nation. No trademarks, brand names, or copyrighted titles shall be used. Every formerly patented product shall be known by a new name and sold by all manufacturers under the same name, such name to be selected by the Unification Board. All private trademarks and brand names are hereby abolished.
- Point Four: No new devices, inventions, products, or goods of any nature whatsoever, not now on the market, shall be produced, invented, manufactured or sold after the date of this directive, The Office of patents and Copyrights is hereby suspended. (Added later in chapter: All “research departments, experimental laboratories, scientific foundations” will be closed except for government-operated facilities.)
- Point Five: Every establishment, concern, corporation or person engaged in production of any nature whatsoever shall henceforth produce the same amount of goods per year as is, they or he produced during the Basic Year, no more or no less. The year is to known as the Basic or Yardstick Year is to be the year ending on the date of this directive. Over or under production shall be fined, such fines to be determined by the Unification board.
- Point Six: Every person of any age, sex, class or income, shall henceforth spend the same amount of money on the purchase of goods per year as he or she spent during the Basic Year, no more and no less. Over or under purchasing shall be fined, such fines to be determined by the Unification Board.
- Point Seven: All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive. (But taxes will be allowed to increase as needed for the public good)
Point Eight: All cases arising from and rules not specifically provided for in this directive, shall be settled and determined by the Unification Board, whose decisions shall be final.
Atlas Shrugged, by Ayan Rand.
Samuel Alito, Anthony Kennedy, John Roberts, Antonin Scalia and Clarence Thomas, are all Roman Catholic.
If Sonia Sotomayor is confirmed as an associate justice of the U.S. Supreme Court, six of the nine justices will be Roman Catholic.
Tags: Supreme Court
”There’s a statistical theory that if you gave a million monkeys typewriters and set them to work, they’d eventually come up with the complete works of Shakespeare. Thanks to the Internet, we now know this isn’t true.”
–Ian Hart
“They can’t even make an encylopedia.”
–T.H. Burley
Wet sidewalks cause rain.
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