Political Rewind: $5 Billion in Stimulus Spending, But How Many Jobs?
Patch prides itself on local coverage, but Missouri politics can have just as much an effect as local government. Here's an easy guide to what happened this week on the state political scene.
Editor's Note: This article was created by aggregating news articles from Missouri Watchdog.
$5 billion in stimulus spending, but how many jobs?
The stimulus bill has poured nearly $5 billion into Missouri, but the impact to the Show Me State is murky because of how the program accounts for jobs created.
Congress passed the American Recovery and Reinvestment Act in 2009, funneling more than $800 billion in federal funds across the country during the recession with the objective of creating new jobs or saving existing ones.
The bill even set up an accounting board and website, where people could easily track where the money is going and for what it’s being used.
What it didn’t do was make it easy to determine exactly how many people are employed because of these stimulus funds. The guidance written by the Office of Management and Budget requires the quarterly accounting of jobs, but it does not make recipients break down which are new jobs, and which are ongoing.
No appeal on judge appointment measure as election officials ready ballots
As time runs out on a final appeal concerning a general election measure, officials are ready to send ballots to military and overseas absentee voters.
The Missouri Court of Appealsruled Monday that the summary language written by Secretary of State Robin Carnahan for Constitutional Amendment 3 would stand. The amendment will ask voters on Nov. 6 if they want to give the governor more authority in determining the makeup of the panel that nominates the state’s high court judges.
The eight plaintiffs in the case still could appeal to the Missouri Supreme Court.
Their attorney, Eddie Greim, told Missouri Watchdog on Wednesday that “no decision has been made yet.”
Secretary of State communications director Stacie Temple said she’s not sure if there’s an absolute deadline for an appeal, “but as a practical matter they are running out of time.”
Second court sides with Carnahan, but further appeal could still delay ballots
The Missouri Court of Appeals ruled late Monday thatSecretary of State Robin Carnahan’s ballot summary on an amendment regarding judge appointments can stand.
This still doesn’t clear the path for the state to print general election ballots, however, because the plaintiffs in the case still can appeal the case to the Missouri Supreme Court.
The appeals court ruled unanimously in favor of the summary.
This amendment, which Missouri voters will consider during the Nov. 6 election, would give the governor more authority in appointing an extra member to the commission that nominates judges for the Court of Appeals and Missouri Supreme Court. It would also allow the governor to appoint more lawyers to that panel.
No ballots until judge rules on election measure appeal
Parties involved in an appeal over the language of a state amendment for judge appointments wait as the deadline to prepare general election ballots approaches.
The western division of the Missouri Court of Appeals heard arguments Thursday regarding an initial ruling by a Cole County judge that does not change the original ballot summary penned by Secretary of State Robin Carnahan.
The summary will ask voters on Nov. 6 if they want to give more latitude to the governor in appointing members of the commission that nominates judges for the Missouri Supreme Court and Court of Appeals.
Eight Missouri residents filed a lawsuit challenging the language.
John Ellis
10:23 pm on Sunday, September 30, 2012
It's not just jobs, but where's our money? Missouri has approximately 1.9% of the nation’s population. If the $800 billion in stimulus were divided up evenly, we'd get about $15.4 billion, yet we only got $5 billion. Who did they give our other $10 billion too?
PaulRevere
10:28 am on Monday, October 1, 2012
Excellent Point John.
The same will happen when the new Health Care law goes into full swing.
Missourians Income is about 1-half the average West coast and East Coast incomes.
All Missourians will pay dearly for those Democratically controlled states.
will
9:42 am on Monday, October 1, 2012
I've said it before...If we can't take control of spending/taxation at the local level, we will never be able to get Washington under control.
That said, if we take a look at some of our own local agencies, we'll find that virtually NO jobs were created (some of the few jobs actually created were temporary gov't bureaucratic jobs) as reported by the agencies that actually received the stimulus funds. It was simply a spending spree by local politicians.
Some of the projects include:
Cottlevile; solar electric system that never worked
St. Peters; purchase of 30000 chinese light bulbs & 600 chinese thermostats
St. Peters; purchase of nitrogen tire inflator
St. Peters; purchase of pretty new streetlights & stoplights on Mid rivers drive
St. Peters; purchase new radar units for police
Various school districts; a lot of the funds were used for expenses such as retirement program funding, tuition reimbursement, employee health insurance, and utility payments
O'fallon; garbage can purchase and "refurbishment"
O'fallon; puchase pretty new streetlights & stoplights downtown
O'fallon; payment for energy audits
While some of these expenditures may be justifiable as worthwhile, they mostly FAILED their intended purpose of creating good permanent jobs. These funds were controlled by our LOCAL politicians and we need to hold them accountable first.
The Missourian
10:13 am on Monday, October 1, 2012
The horror!
PaulRevere
10:46 am on Monday, October 1, 2012
A Missing $$'s bombshell from the $800bil stimulus.
The Payroll Tax cuts stimulus ARE NOT INCLUDED. Why?
For 2 years, All employees (Even the millionairres), have been forgiven to pay in his/her Social Security taxes. This year 2012, all Employers joined in on that Forgiveness. TOTAL SPENDING ABOUT $400Bil.
That is the hidden untold story to All Americans.
That, folks, puts the real stimuilus at $1.2Trillion dollars.
This President has SPENT our Social security funds on current workers. That is how he proudly boasts, His policies work. Stealing funds from Retirees again.
BALONEY, our whole economy is on "STIMU-ROIDS"
The $400Bil Payroll tax cuts DWARF the whole original stimulus package and yet does not show up as part of the $800B Stimulus.
I would challenge anyone who would suggest it is not a stimulus Amount, Done OFF THE RECORD.
Sensible? I think so
11:23 am on Monday, October 1, 2012
Wrong again, Mr. Revere.
"All employees (Even the millionairres), have been forgiven to pay in his/her Social Security taxes."
The Social Security payroll tax was cut from 6.2% to 4.2%. All employees still had/have to pay in that 4.2%, it was NOT forgiven.
So know we know that you don't look at your paycheck stubs. We already know that you didn't look at your property tax bills.
"This year 2012, all Employers joined in on that Forgiveness." Wrong again, Mr. Revere. If you bother to respond, I'm curious to know where you got that idea. Maybe we can suggest more accurate media sources for you to use.
AND BOTH REPUBLICANS AND DEMOCRATS AGREED TO IT:
"both sides have agreed to a surprise one-year cut in the payroll tax."
And I don't see how you could get to your figure of $400B even with your incorrect assumptions, but as others have pointed out, you can't do even simple math.
http://www.aarp.org/work/social-security/info-12-2010/social_security_what_the_payroll_tax_cut_means.html
http://www.irs.gov/uac/Payroll-Tax-Cut-Temporarily-Extended-into-2012
The Missourian
10:50 am on Monday, October 1, 2012
And...who cares? Most economists felt the stimulus was half as large as necessary to kickstart the economy. Was the Great Recession not painful enough for you? Did you want another Great Depression? Backdooring in stimulus funds in this manner was totally acceptable, but somehow I doubt the accuracy of your math based on previous claims.
John Ellis
12:50 pm on Monday, October 1, 2012
The real problem now is that the Federal Reserve is printing money and pumping it into the economy. The Fed has promised to buy $40 billion of mortgage securities a month until the economy improves. Here we go again... down the rabbit hole. This is not money authorized by our Congress. It's helping to make it appear that things are getting better, but this is just more accumulated debt that will continue to drive the value of the dollar down and create long term inflation. It's no surprise that this occurs at election time. Their policy is do whatever for the short-term screw the future.
PaulRevere
1:58 pm on Monday, October 1, 2012
Sensible , My abacus is never wrong. 6.2% to 4.2% is a 2% tax cut for all working Americans. Anyone earning $100,000 in 2011 & 2012 Did not have to pay 2% in soc Sec Tax. That is $2,000 direct (immediate) tax relief for ONLY THE WORKING people. (note-working people-it excludes Teachers). In 2012 it included employers.
Now that comes to $150Bil in 2011 and $300Bil in 2012= $450Bil in Soc Sec taxes NOT collected by our govt. (The great tax heist of Retired People)
That's pumping more stimulus than reported into an economy.
TheMissourian obviously agrees with my outing this Payroll tax cut "stimulus" add on. But still cannot calculate 135mil workers earning an average $50,000.
getting 2% tax refunds for 2 years. add the employer also getting it in 2012.
Folks, This President Has borrowed every penny to float this economy, not upright it. He will not have one extra penney to spend in 2013 , if he gets re-elected.
This economy's life support is the Payroll Tax cuts that are Stealing all Retired people funds. It is costing over $250Bil a year and None of You knew it.
It's off the budget , because There is no budget.
Now you know why.,
Go ahead Democrats- Stick for the Party name, because the Truth will come automatically , when the "TEMPORARY" Payroll tax cuts must stop on Jan 1st 2013.
Then , the media will be forced to report what you hear me write first.
Obama's "uninformed voter" party will rebel sometime in the next 4 years.
All retired should vote against Dems.
PaulRevere
2:16 pm on Monday, October 1, 2012
Thanks to Sensible: Here is exact copy of your article link:
"For a worker earning $50,000, the tax will drop from $3,100 to $2,100, allowing the worker to keep (and hopefully spend) $1,000 more in take-home pay". (That's $2,000 for $100,000 earner)
According to the White House, the one-time, temporary cut will put about $120 billion into the pockets of more than 155 million workers.
(Now it's 2 times 2011&2012 plus Employer gets cut in 2012= 120+120+120=$360B)
My number is $400B.
Your link goes on:
"But clearly there will be new pressure on the available pool of general tax revenue, unless the $120 billion generates so many new jobs so fast that an army of newly employed workers fills the coffers of the Internal Revenue Service with unanticipated tax revenue. No one expects that to happen, "at least not quickly.
"So the GOVERNMENT WOULD HAVE TO BORROW to make Social Security WHOLE. That, in turn, would make the short-term deficit WORSE- WORSE-WORSE. So Congress might not vote to replenish the trust fund."
So Congres might not Replenish the FUND.
TRANSLATION---ALL RETIRED PEOPLE JUST SUSTAINED THE GREATEST HEIST OF THEIR RETIREMENT DOLLARS IN HISTORY. OVER $400Bil lost.
That should make social security a quicker bankruptcy candidate.
Democrats think and treat the elderly as "FOOLS", while they show others throwing grandma off the cliff. Any person who does not see this happening is "unAmerican", and Unpatriotic to the Aged.
Sensible proved all my points.
The Missourian
2:22 pm on Monday, October 1, 2012
"TheMissourian obviously agrees with my outing this Payroll tax cut "stimulus" add on."
Not really. My point is if that were the case, big deal. You do what it takes, even if that means taking the back door. In other words, I think it would have been completely reasonable, given the high level of crazy the 2010 elections put in Congress. Play to win.
John Ellis
6:36 pm on Monday, October 1, 2012
The only problem with your calculation now is the employer's are not getting a 2% discount in the FICA tax.