janxt

Tag: stimulus

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

budget deficit / surplus as % of gdp

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(economic) stimuli: always too late

by janxt on Feb.12, 2009, under current events

This morning’s economic data about a retail sales rebound got me thinking of another bit of historical data I saw recently:

previous stimulus packages

from reason.com

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want to learn more about the stimulus?

by janxt on Feb.10, 2009, under current events, politics

http://www.readthestimulus.org

for a little more web2.0ish feel, go here to “vote” on some of the provisions in the bill:

http://stimuluswatch.org

This one, for example, is pretty fun: doorbells!

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