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To: Nachum; Liz; AT7Saluki; writer33
Obama administration's projection of a record annual imbalance of $1.75 trillion.

I've heard it's about a billion an hour since Hussein took office without providing a birth certificate. I wish my SUV got mileage like that...

10 posted on 03/11/2009 10:41:32 PM PDT by Libloather (What did one polar bear say to another polar bear? "Dang, its cold out here...")
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To: Libloather

True Cost of Stimulus: $3.27 Trillion

http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-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.

[TABLE AT SITE]


11 posted on 03/12/2009 10:24:20 AM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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