True Cost of Stimulus: $3.27 Trillion

[Zoomie]

True Cost of Stimulus: 3.27 Trillion (http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-trillion/)

All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?
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.
http://img155.imageshack.us/img155/3782/cboaas5.jpg
Source (http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-trillion/)

And people actually think that this crap is going to save the economy. . .

[Alpheus]

http://i116.photobucket.com/albums/o32/Bun--Bun/budgetdeficit.gif

[Don Changstein]

you cannot bring back wat is lost arleady!

[Gfunk]

I just threw up in my mouth :(

[cmoor]

you cannot bring back wat is lost arleady!

The money is not lost, just someone else has it now.<tinfoilhead> Some people call it the biggest heist in history </tinfoilhead>

[Abolith]

yup, that's our government hard at work spending money that doesn't exist.

This country is so boned.:-(

[Albatross]

Ready for some stupid math:

That is $3,270,000,000,000.00, there are $138,000,000.00 income tax payers in the US. If they just divided that money up amongst them it would be around $25,000.00 per person. If they did that then people would pay off credit card debt, buy stuff, and the companies that are failing now would fail. The benefit is, the companies that would succeed would. Its called a "Free-Market Economy", what these morons are doing is called "Socialism". Viva the revolution.

[LineDoggie]

Is it Socialism Yet?

[RSone]

The money is not lost, just someone else has it now.<tinfoilhead> Some people call it the biggest heist in history </tinfoilhead>

It's The Man, man. He's going to use the money to buy the worlds' supply of Ben and Jerry's ice to enslave all the women to his will.:)


Is it Socialism Yet?

OH NOEZ

[Invisigoth]

Ok so the true cost is what it will be if the programs are continued, which of course is true when you're a wingnut but is not true when you live in reality (and not in some imaginary future).

Blaeeehhhh

[Cornerstone]

liars <-(me in denial)

In the short term this will help our economy, in the long term we're f*cked... so just bend over now

[Decadence]

Madness!?
....................

[deagle]

well, republicans got us into this mess, so how do they know how to fix it ? you wouldn't think they'd have any objections to spending.

[Walter Sobchak]

well, republicans got us into this mess, so how do they know how to fix it ? you wouldn't think they'd have any objections to spending.

No, professional politicians of both stripes got us into this mess. H.L. Mencken said famously that when lawmakers give people things for not working that we will soon have a government who exists to give people things. If you think one party got us into this, then you obviously never heard of LBJ's Greaaat So'ciiiity, (aka: The War on Poverty) which began the practice of paying women to have illegitimate kids. Clinton's 1996 Welfare Reform bill undid some of that, but the new Stealfromus plan will undo even that.

Consider that Omaba is asking CONgress to pass the greatest single spending bill in the history of this solar system, without reading the f**king 800+ page bill and with no debate. PeloSSi promised to post it for The American People to read online, but so far, no bill is posted. The House of Representatives' own Congressional Budget Office says that it will shrink the economy over the long run, but (almost) no one on the Left side of the aisle seem to care.

The same people who opposed the Patriot Act and were concerned about the legality of listening in on terrorists' phone calls or hurting someone's feelings at Gitmo think that turning over your medical records, and ultimately your treatment plan, to a bureacracy is just peachy.

Why won't CONgress and the President (Mr. 'My Administration will be transparent') allow The American People to see the full bill and allow a healthy debate on it? Why does Reichsfuhrer PeloSSi claim that unless this bloated pig is shoved through with scant debate or scrutiny, 500-million people a month will lose their jobs? (her words, not mine)

Could this be the DNC's way of using a crisis to create an even greater bloated, unaccountable, politicized bureaucracy?

What's in that bill they don't want us to see????

Oh, and how about that 13-dollar a week tax cut that drops to 8-bucks next year? Man, that is soooooo gonna stimulate things! I guess the "change" turns out to be "pocket change"!

[Nano]

There is only one true cost that really matters and that is unquantifiable. Freedom and choice is being limited by this fraud.

[sinophile]

Ready for some stupid math:

That is $3,270,000,000,000.00, there are $138,000,000.00 income tax payers in the US. If they just divided that money up amongst them it would be around $25,000.00 per person. If they did that then people would pay off credit card debt, buy stuff, and the companies that are failing now would fail. The benefit is, the companies that would succeed would. Its called a "Free-Market Economy", what these morons are doing is called "Socialism". Viva the revolution.

Not stupid at all. Its a good point. On the other hand, 800b injected into the US economy, given the cascading fractional credit system that exists between the government and banks, banks and business, and business and business magnifies the actual stimulus. Yes, I know cascading lending is viewed by some as the reason the mess exists. It really depends on who receives the credit though.

[BAJACAL]

true cost is about 7-8 trillion...

[CantGetRight]

There is only one true cost that really matters and that is unquantifiable. Freedom and choice is being limited by this fraud.

what freedoms do we truly have left untainted by some bureaucratic bull

freedom and the american dream have both faded to nothing the past 50 years I think, nothing but slogans now

[shhfiles]

No, professional politicians of both stripes got us into this mess. H.L. Mencken said famously that when lawmakers give people things for not working that we will soon have a government who exists to give people things. If you think one party got us into this, then you obviously never heard of LBJ's Greaaat So'ciiiity, (aka: The War on Poverty) which began the practice of paying women to have illegitimate kids. Clinton's 1996 Welfare Reform bill undid some of that, but the new Stealfromus plan will undo even that.

Consider that Omaba is asking CONgress to pass the greatest single spending bill in the history of this solar system, without reading the f**king 800+ page bill and with no debate. PeloSSi promised to post it for The American People to read online, but so far, no bill is posted. The House of Representatives' own Congressional Budget Office says that it will shrink the economy over the long run, but (almost) no one on the Left side of the aisle seem to care.

The same people who opposed the Patriot Act and were concerned about the legality of listening in on terrorists' phone calls or hurting someone's feelings at Gitmo think that turning over your medical records, and ultimately your treatment plan, to a bureacracy is just peachy.

Why won't CONgress and the President (Mr. 'My Administration will be transparent') allow The American People to see the full bill and allow a healthy debate on it? Why does Reichsfuhrer PeloSSi claim that unless this bloated pig is shoved through with scant debate or scrutiny, 500-million people a month will lose their jobs? (her words, not mine)

Could this be the DNC's way of using a crisis to create an even greater bloated, unaccountable, politicized bureaucracy?

What's in that bill they don't want us to see????

Oh, and how about that 13-dollar a week tax cut that drops to 8-bucks next year? Man, that is soooooo gonna stimulate things! I guess the "change" turns out to be "pocket change"!

I so totally agree!!! I feel your pain !