red states rule
02-14-2009, 11:12 AM
Welcome to the change and hope the Dems and obama have brought America
Heritage: True Cost of the Stimulus Bill: $3.27 Trillion
All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?
Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 Trillion.
No wonder why the Democrats are working as fast as they can. They want to keep the people in the dark as they pass this travesty as soon as possible.
http://sayanythingblog.com/entry/heritage_true_cost_of_the_stimulus_bill_3.27_trill ion
Heritage: True Cost of the Stimulus Bill: $3.27 Trillion
All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?
Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 Trillion.
No wonder why the Democrats are working as fast as they can. They want to keep the people in the dark as they pass this travesty as soon as possible.
http://sayanythingblog.com/entry/heritage_true_cost_of_the_stimulus_bill_3.27_trill ion