We still don’t have the actual, full text of the Collins/Nelson porkulus “compromise” plan, but we do have a financial breakdown of the changes the cave-in Senators have proposed. The Senate Conservatives Fund has posted the math — and remember, this chart does NOT include the money added by the Senate amendments (close to $50 billion in extra spending).
Go here for the PDF.
Senators Ben Nelson (D-Nebraska) and Susan Collins (R-Maine) have said repeatedly that their goal was to eliminate those parts of the bill that are not stimulative. But this document shows that this spending has not been eliminated, but only reduced. If this spending does not stimulate (and it most certainly does not), then why not eliminate it completely?
And if the goal was to simply lower the price of the plan to protect taxpayers, the Nelson-Collins deal fails in that effort as well. At $827 billion, the compromise will cost $7 billion MORE than the bill passed by Nancy Pelosi in the House.