Cost of stimulus grows to $862 billion

Fox News:

The $787 billion federal stimulus package that Congress passed last year has gotten even bigger -- now expected to cost $862 billion, over the next 10 years, according to the Congressional Budget Office.

The nonpartisan CBO report, published Tuesday, attributes the $75 billion increase to added unemployment-related costs. More Americans are receiving unemployments benefits for lost jobs that the stimulus bill was meant to save, the report says.

About $21 billion of the added costs stem from higher unemployment compensation payments, while the remainder of the increase comes from food assistance payments and interest payments from states on taxable government bonds, the Washington Times reported.

...

It will only get worse. For something that is not working it is awful expensive. If Obama was really serious about dealing with teh deficit he would cancel the unspent portion. If he does not then Republicans should run on doing so.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more

The decline of legacy media

 Candace Hathaway: President-elect Donald Trump's overwhelming victory on November 5 appears to have marked the end of an era for the corporate press. And that is certainly something worthy of gratitude this Thanksgiving. The outcome of the election revealed that the vast majority of voters were unswayed by the liberal media's relentless attacks against Trump and the Biden-Harris administration's persistent lawfare. Instead, America largely rejected the barrage of propaganda and negative coverage directed toward the Republican nominee, including outlandish comparisons to Adolf Hitler and desperate warnings of fascism. Even with the most prominent news networks behind it, the Democratic Party still failed in its mission to instill widespread fear among Americans about the prospect of a second Trump administration. So while the lights may still be on — for now — at the once-powerful media giants, Trump's landslide victory undoubtedly marks the greatest decline in their in...
Read more