stimulus reality check
by janxt on Feb.12, 2009, under current events
So, here are a couple stats that will grab your attention:
True Cost of Stimulus: $3.27 Trillion
“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.”
and this, from Harvard economist Greg Mankiw
