The Obamamanic and Ditto-Head Stimulus Bill

I have been exchanging incredibly long emails with a very good friend of mine who loves current events and politics just as much as I do. We've been friends since Junior High and even roomed together for our first two years of college so we go way back. Yet it is fair to say that we view politics through very different lenses and filters.

So when we starting ribbing each other about this stimulus bill, we decided (ok it was my idea, and yes I am a huge dork) to see if we could come up with a piece of compromise legislation. Feel free to comment, correct, laugh, applaud, or forward to President Barack Obama.

Isbell - Boisvert Bi-Partisan Stimulus Package

1. Cut payroll taxes 50% and extend the payroll tax up to people who make $700k.
2. Cut the corporate tax rate (currently one of the highest in the world) to a Federal rate of 26%.
3. Provide $250 billion to invest in upgrading the electrical grid, modernization of medical records, broadband internet.
4. Provide $100 billion for education.
5. Extension of the Bush capital gains tax cut until 2012.
6. $5 billion worth of grants given for alternative energy development.
7. $75 billion towards the development of nuclear energy.
8. Extension of the unemployment benefits and COBRA.
9. A “Congressional Voter Accountability Pork Stimulus Amendment.” Each House Representative gets $5 million and Senators get $20 million to invest in their districts.
10. A bike lane from Abilene to Pepperdine to help facilitate various student groups raise money for charity using bike rides.

Cost of Stimulus:

1. Short Term: Net zero based on expected reversal of recession and projected GDP growth (Laffer curve…)
2. Short Term: Net zero based on expected reversal of recession and projected GDP growth (Laffer curve…)
3. -$250 Billion
4. -$100 Billion
5. -$100 Billion based on expected reversal of stock market and projected growth.
   
6. -$5 Billion
7. -75 Billion
8. -67 Billion
9. -$4.2 Billion
10. -$9.23 Billion (1299.56 miles from Abilene to Malibu. At a cost of $7.1 M per mile)

Total Cost: $610,430,000,000.00
(the CBO would include a much higher costs for the tax cuts)

Bonus Housing Relief Legislation:

1. People can reduce their mortgage interest rates (including ARM’s) to a 4% fixed 30 year loan. But if someone takes the deal that loan must be paid off, similar to the way student loans are done.

So there you have it. We welcome your comments.