Tuesday, January 27, 2009

Stimulus REAL cost: $1.17 TRILLION!

Philip Klein reports that news accounts stating the size of the proposed stimulus at $825 billion fail to include the additional costs of interest to service the additional debt. Rep. Paul Ryan requested and received from the CBO an estimate of the additional interest payments -- $347 billion over the next 10 years -- bringing the total pricetag to $1.17 trillion. That's one-one-seven, followed by 10 zeroes:
$1,170,000,000,000
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Posted by Robert Stacy McCain at 5:53 PM

2 comments:

  1. smitty1eTue Jan 27, 06:45:00 PM

    Since sober, responsible, output-matches-input spending is un-American, we're just going to have to settle going back to Republicans like your cousin to get our idiocy back into the "sensible" range.

    ReplyDelete
  2. Bluegrass PunditTue Jan 27, 09:40:00 PM

    We all know the help Acorn gave the Democrats in winning the last election. What was in it for them? Is 4 billion dollars enough?
    Democrats attempt to pay off Acorn

    ReplyDelete

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