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What will be the true cost of the stimulus bill?
Because the programs in the stimulus bill don't end in a couple of years, the total cost will be much higher:
"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."
3 Answers
- kaththea sLv 61 decade agoFavorite Answer
I think what it's aimed at is total ruination, the socialization of nearly everythiing, and nothing an intelligent American would truly wish to have foisted upon them.
We need to vote all those buggers out and put in intelligent, honest people who care more for the country and the people than for their own bank balances and their socialist agendas.
Join the revolution at http://www.resistnet.com/
- 1 decade ago
The only thing worth while in the bill was the tax credit for homeowners and new home buyers. So of course it was deleted.
The cost will be the devaluation of the dollar bill so that our money is worth virtually nothing.
- Anonymous1 decade ago
yep,sounds about right.we are so screwed.
