Quote:
Originally Posted by wiphan
How about the Stimulus Package? Did that increase the budget deficit with no real stimulus or benefit?
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? 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
But again Obama is a deficit cutting king and everything is Bush's fault.
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Again, nice of you to quote numbers about a variety of different programs, and your personal opinion that the stimulus failed (not shared by most economics, btw).
But still waiting for you to show that the majority of the budget is due to some reckless Obama spending spree as you maintain.
I showed, with good data, that it isn't. I showed what the cost of the stimulus was in our debt picture (very small).