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Wednesday, April 13, 2011

Economic Stimulus Total Allocated Cost: $862,000,000,000

Topic:
Economic Stimulus
Total Allocated Cost:
$862,000,000,000 *

In February 2009, President Obama signed the American Recovery and Reinvestment Act of 2009. In early 2009, the Congressional Budget Office estimated that the Recovery Act's combined spending and tax provisions would cost $787 billion. In early 2010, CBO updated its estimate of the cost of the Recovery Act. It now estimates that the Recovery Act will cost $75 billion more than originally estimated - CBO now anticipates that the 2009 Stimulus will increase deficits by $862 billion over ten years.
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3 comments:

  1. texlahomaWednesday, April 13, 2011 at 2:58:00 PM CDT

    Heff - Yeah, that sounds like what the local convenience stores would lose if I quit drinking.

    We'd better keep drinking, you know, for the economy!
    It's our patriotic duty.

    ReplyDelete
  2. billy pilgrimWednesday, April 13, 2011 at 7:59:00 PM CDT

    funny how they can spend 787 billion at the drop of a hat but argue endlessly and threaten shut everything down when it comes time cut 40 billion.

    ReplyDelete
  3. texlahomaThursday, April 14, 2011 at 9:18:00 AM CDT

    Billy - I agree, it's obvious most of them just like to put on a good show and don't care about accomplishing anything.

    They could end the war on drugs, legalize and tax drugs, but I guess that's politically risky do to the brainwashed and stupid masses.

    "Legalize drugs!??!"

    "Haven't you seen Reefer Madness?"

    ReplyDelete

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