True Cost of Stimulus: $3.27 Trillion
February 16th, 2009 | by BGuzzardi |
National Debt is eleven trillion with unfunded fifty trillion in unfunded Entitlement Promises. 10 year cost of increasing and then extending funding of Leftist programs of government dependency. True Cost of Stimulus: $3.27 Trillion
“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?”
Representative 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.