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Barack Obama will provide $10 billion in additional Mortgage Revenue Bonds, at a cost of $50 million to the federal government, to help families facing foreclosure refinance and to enable low and moderate-income firsttime homebuyers purchase a home.”
http://obama.3cdn.net/8360873d2dbea0ac73_4a5rmv8i6.pdf
Cost: $50 million (first year cost)
“
Barack Obama will ensure that anyone with a mortgage, not just the well-off, can take advantage of this tax incentive for homeownership by creating a universal mortgage credit. This 10 percent credit will benefit an additional 10 million homeowners, the majority of whom earn less than $50,000 per year. Non-itemizers will be eligible for this refundable credit, which will provide the average recipient with approximately $500 per year in tax savings. This tax credit will also help homeowners deal with the uncertain state of the housing market today.”
http://www.barackobama.com/issues/economy/
Cost: $4.4 billion ($22 billion over five years). Source: Based on the statistics from the Senator in the quote above.
“
As President, Obama will initiate a strategy to encourage all 50 states to adopt paid-leave systems. Obama will provide a $1.5 billion fund to assist states with start-up costs and to help states offset the costs for employees and employers.”
http://obama.3cdn.net/8f478c5e1bb07ca0b1_sh1umv2zy.pdf
Cost: $300 million ($1.5 billion over five years).
“
Barack Obama will create a National Catastrophe Insurance Reserve that would be funded by private insurers contributing a portion of the premiums they collect from policyholders. Such a framework would neither distort the insurance market nor discourage risk avoidance and risk mitigation investments because insurers would not be forced out of high-risk markets for fear of bankruptcy in the event of a disaster. With this program in place, disaster victims would no longer have to depend solely on taxpayer-funded federal disaster aid loans.”
http://my.barackobama.com/page/-/HQpress/020708 Katrina Fact Sheet.pdf
Cost: $15 million ($75 million over five years). Source: CBO estimate for H.R. 3355 (110th Congress).
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Obama’s comprehensive program to rebuild New Orleans and the Gulf Coast includes …[e]nsuring that New Orleans has a levee and pumping system to protect the city from a 100-year storm by 2011, with the ultimate goal of protecting the entire city from a Category 5 storm.”
http://my.barackobama.com/page/-/HQpress/020708 Katrina Fact Sheet.pdf
Cost: $1.6 billion ($32 billion over 20 years). Source: According to
The Times-Picayune, “After Katrina hit the New Orleans area in 2005, Congress directed the Corps [of Engineers] to both improve the New Orleans area levee system by 2012 to protect from a hurricane with a 1-in-100 chance of hitting in a given year, and study how to build a Category 5 protection system in the long term.”
http://blog.nola.com/times-picayune/2007/07/corps_not_planning_category_5.html
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Barack Obama will address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging
transportation infrastructure needs. The Bank will receive an infusion of federal money, $60 billion over 10 years, to provide financing to transportation infrastructure projects across the
nation.”
http://obama.3cdn.net/8f478c5e1bb07ca0b1_sh1umv2zy.pdf
Cost: $6 billion ($60 billion over ten years).
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Obama will support the authorization of the National Science Foundation's AdvancedTechnological Education program at $100 million, a critical program that that has helped support science, technology, engineering, and mathematics programs in community colleges.”
http://www.barackobama.com/2008/02/16/obama_outlines_plan_to_strengt.php
Cost: $48 million (first-year cost). Source: In FY 2008 this program was authorized at $52 million, per National Science Foundation’s budget.
http://www.nsf.gov/about/budget/fy2009/pdf/15_fy2009.pdf
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I have called for $250 million to bring quality teachers back to the Gulf region. Any teacher or principal who commits to come here for three years should receive an annual bonus; and those who teach in subject areas where we face shortages – such as math and science – should receive
an additional bonus.”
http://www.barackobama.com/2008/02/07/barack_obama_to_lay_out_progra.php
Cost: $50 million ($250 million over five years).
“
Obama will work to ensure that the maximum Pell Grant award is increased for low income students by ensuring that the award keeps pace with the rising cost of inflation.”
http://www.barackobama.com/2008/02/16/obama_outlines_plan_to_strengt.php
Cost: $7.08 billion ($35.401 billion over five years). Source: Obama is a cosponsor of S. 359 (110th Congress).
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Furthermore, Obama will work to empower more Americans in the fight against predatory lending by supporting initiatives to improve financial literacy and financial planning.”
http://obama.3cdn.net/8f478c5e1bb07ca0b1_sh1umv2zy.pdf
Cost: $250 million ($1.25 billion over five years). Source: Related legislation has been introduced in the form of S. 2671 (110th Congress).
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As President, [Obama] will rebuild broken facilities and provide incentives, such as loan forgiveness, to lure medical professionals back to the region. He will fight to establish a major medical complex in downtown New Orleans that will serve the entire community. He will also push to quickly build a new, state-of-the-art Department of Veterans Affairs hospital in New Orleans so that the city’s veterans can get top quality care.”
http://my.barackobama.com/page/-/HQpress/020708 Katrina Fact Sheet.pdf
Cost: $225 million (first-year cost). Loan Forgiveness: $225 million (first-year cost). Source: Section 3 of H.R. 1599.
http://www.cbo.gov/ftpdoc.cfm?index=7515&type=1
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As President, Obama will dramatically improve disaster planning. He will work with emergency management officials, emergency responders and other experts from all 50 states to create a real National Response Plan that provides for real cooperation between states, locals and the federal
government in the face of a disaster. Obama’s FEMA will provide real training to emergency responders and professionals in states and localities to ensure that all areas of the country have the human resources necessary to respond to disasters.”
http://my.barackobama.com/page/-/HQpress/020708 Katrina Fact Sheet.pdf
Cost: $120 million ($600 million over five years). Source: CBO estimate of related legislation, H.R. 5351 (109th Congress).
http://www.cbo.gov/ftpdocs/72xx/doc7246/hr5351REV.pdf
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As President, Obama will appoint a Chief Financial Officer to oversee the rebuilding following national disasters to minimize waste and abuse.”
http://my.barackobama.com/page/-/HQpress/020708 Katrina Fact Sheet.pdf
Cost: $4 million ($20 million over five years). Source: CBO estimate for H.R. 2886 (108th Congress).
http://www.cbo.gov/ftpdoc.cfm?index=4811&type=1
Obama will provide....with your money, one assumes.
