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Government Spending: Is It Worth $62,000 to You?
Fox News ^ | February 16th, 2009 | John R. Lott, Jr.

Posted on 02/16/2009 4:32:21 PM PST by ThomasHart

The stimulus bill had to be passed quickly. President Obama warned that not passing it would result in disaster. He warned that any delay was “inexcusable.” The 1,071 page stimulus bill had to be voted on quickly — so quickly this last week that the House and the Senate couldn’t even provide politicians the 48 hours they were supposed to have to read it.

The legislation was not put up on the Web until 11 PM on February 12 and the House passed it just 12 hours later. The Senate started voting on it only hours after that. Politician after politician admitted or complained that it was physically impossible to read the bill. As it was, the copies available on the Web for voters had all sorts of hand markings on it that sometimes made it difficult to figure out exactly what the bill proposed. . . .

But the average taxpayer faces a simple question: are they getting $62,200 worth of benefits from all these government expenditures this year? If so, they are going to be poorer. My guess is that most of us are going to be a lot poorer.

(Excerpt) Read more at foxforum.blogs.foxnews.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: johnlott; obama; stimulus

1 posted on 02/16/2009 4:32:21 PM PST by ThomasHart
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To: ThomasHart

NO


2 posted on 02/16/2009 4:33:47 PM PST by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: ThomasHart
I don't think I'm going to get $62 worth of benefit for this colossal piece of pork, let alone anything approaching what it's going to cost.
3 posted on 02/16/2009 4:34:37 PM PST by meyer (The left is flooding the ship - let's quit bailing water. We are all John Galt.)
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To: ThomasHart

I’m all against this stimulus but where is this number coming from?

$800 Billion divided by $62,000 is 12.9 million. There are a lot more than 12.9 million taxpayers. So the average cost is going to be a lot less than $62,000 for the first year. But don’t get me wrong...


4 posted on 02/16/2009 4:36:25 PM PST by Norman Bates
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To: ThomasHart
Am I getting $62,000 worth of "Checks and Balances" from the Congressional Branch of government?

NO!

5 posted on 02/16/2009 4:37:21 PM PST by TYVets
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To: ThomasHart
Photobucket
6 posted on 02/16/2009 4:42:13 PM PST by FlingWingFlyer (Have You Punched A Democrat Today? - Do it for the children.)
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To: Norman Bates

The cost of the Stimulus over ten years, adjusted for interest rates is about 3.27 Trillion - maybe they are using that as the numerator.


7 posted on 02/16/2009 4:43:07 PM PST by agere_contra (So ... where's the birth certificate?)
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To: ThomasHart

“Be thankful we’re not getting all the government we’re paying for.”


8 posted on 02/16/2009 4:51:19 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: ThomasHart

No. Will only make about 1/2 that this year. Do not want to go into hock for the like of Nancy Pelosi, Harry Reid, and the Three Traitors.


9 posted on 02/16/2009 5:17:55 PM PST by madison10
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