Chasing the Wind

News. Faith. Nonsense.

Bailouts and Earmarks

As we all know by now, Congress failed to pass the Bailout Bill on Monday for $700 billion (a number, apparently, the US Treasury just made up). If they pass it, they saddle taxpayers with the debt and socialize the banking system. If they don’t pass it, they tell us civilization will end as we know it and we enter the Next Great Depression.

Are those the only two options? Great Depression versus Socialism?

So what was wrong with version of the bailout that didn’t pass? Tonight, Congress will attempt to pass a revised version, so let’s see what they added (via)-

New Tax earmarks in Bailout bill
– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.
– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia (Sec. 322)
– Wool Research (Sec. 325)

Ah. Obviously, Socialized Banking will be much more palatable if we buy more Puerto Rican rum. American Samoans and Indian Tribes who will be receiving earmarks will be happy to know that Puerto Rican rum will be cheaper. And Nascar, while they didn’t get beer subsidies, got some help with auto racing tracks.

I think, though, we can all breathe a sigh of relief that there are now earmarks for wooden arrows designed for use by children. I assume that the children from Indian tribes will be provided with wooden arrows and Puerto Rican rum, then told to drive around a race track and shoot each other while drunk. There’s money in there, too, for Film and Television to make it into a movie.

That alone justifies eliminating capitalism and socializing the western banking world. The bill should pass now.

Reblog this post [with Zemanta]
, ,
, , , , , , , , , , , , , ,
Michael's avatar

Posted by:

Michael

Follower of Jesus, conservative, freedom-loving patriot.

4 responses to “Bailouts and Earmarks”

  1. BostonKayakGuy..John Prescott “Top Metrowest Real Estate Agent”

    think this will stabilize the economy? Shouldn’t the bailout fix what ails the economy? Not those looking for a handout? For the details behind these tax sweetners: Taxpayers for Common SenseJOHN PRESCOTT -BostonKayakGuy Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities.

    Like

    Reply
  2. This Is The Dagwood Bumstead Of Crap Snadwiches | Right Voices

    […] Chasing the Wind » Bailouts and Earmarks […]

    Like

    Reply
  3. jennifer in OR Avatar
    jennifer in OR

    You are too funny! Wooden arrows, are you kidding?? Glad someone’s reading the fine print… 🙂

    Like

    Reply
  4. Hot Air » Blog Archive » Senate bailout bill hits the Internet; Update: File added; Update: Not earmarks?

    […] Chasing the Wind » Bailouts and Earmarks […]

    Like

    Reply

Leave a reply to BostonKayakGuy..John Prescott “Top Metrowest Real Estate Agent” Cancel reply

About Me

Michael, a sinner saved by grace, sharing what the good Lord has shared with me.

Solomon, in the book of Ecclesiastes, said, “I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind.”

If you’re not living for the glory of God, then what you’re doing is meaningless, no matter what it is. Living for God gives life meaning, and enjoying a “chasing after the wind” is a gift from God. I’m doing what I can to enjoy this gift daily.

Got questions? I’m not surprised. If you have any questions about Chasing the Wind, you can email me at chasingthewind@outlook.com.

Recent Posts

  • Halleluiah! Praise the Lord!
      I.      Introduction Sometimes when I study, I get a plot, like in the Book of Jonah or Exodus or Acts.  I enjoy studying it, the plot, the life lesson, the historical significance, the miracles, and the fishing lessons.    But Psalms is usually hard for me.  I read today’s scripture and thought, “It’s a… Read more: Halleluiah! Praise the Lord!
  • The Temple
      I.      Introduction – The Temple In our class last week, Tommy taught us that we should be prepared for the coming of the Lord.  Well, He’s here.  And here in Luke 2, we get our only inspired snapshot of Jesus between infancy and adulthood.  And we’ll see in just a few short verses something… Read more: The Temple
  • Ross King
    I was blessed by Ross King’s honesty about his faith through difficult times. I skipped over the two worship songs and pick up about 10 minutes in to get to his personal story about his pain and challenges to his faith.
  • Finding Wisdom
    I.             Introduction An old friend once told me a story that every married man understands. His wife tried on a new dress and asked, “Does this dress make me look fat?” He answered with complete honesty. It was true – and it was also unwise. Later he said something I have never forgotten: truth and… Read more: Finding Wisdom
  • Confession, Reconciliation, Celebration
    I.             Icebreaker — Stories of Reconciliation Before we turn to Nehemiah, let me connect us to where we’ve been the past couple of weeks. Two weeks ago, Tommy used home renovation shows—things like Property Brothers—to help us think about rebuilding. That fit Nehemiah well, because Nehemiah quite literally asks the king for permission to rebuild… Read more: Confession, Reconciliation, Celebration

Newsletter