Wednesday, February 11, 2009

We Would be FAR Better Off With NO STIMULUS

According to today’s information from the non-partisan Congressional Budget Office (CBO), the net effect - over the next ten years - of the current so-called stimulus package would be to INCREASE the national deficit by a WHOPPING

$838 BILLION

See the last figure in the last line of this document.

Increasing our national deficit by $838 Billion is NO WAY to grow our economy!

PLEASE! Click here and sign the petition to stop this madness!

Click here to learn more.

2 comments:

1 said...

Consider the following from the Heritage Foundation blog site:

True Cost of Stimulus: $3.27 Trillion

Posted February 12th, 2009 at 11.08am in Ongoing Priorities.

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.

SBVOR said...

1,

Good point. Thank you.

SBVOR

Hot Topics:

BEST Data - No Warming Over Last Decade
The AMO as a Driver of Climate Change
Fact check - The wealthy already pay more taxes
Rare Earth Elements Spell Doom for Green Fantasies
Wikipedia’s Climate Doctor
ClimateGate - The latest updates
Dr. Tim Ball on ClimateGate - The end of AGW hysteria?
ClimateGate: The Musical - Hide The Decline!
Lindzen and Choi SHATTER the IPCC Computer models!
It’s OFFICIAL! We HAVE elected our own Hugo Chavez!
Health Care “Reform”
Cap & Trade - It’s just a giant tax (on EVERYBODY)
The Radicals in the White House
ACORN - The truth
Transparency - Obama promised it. So, where is it?
The Cause of the Housing Debacle
Fiscal Responsibility - In Obama’s Fantasy World
Atlas Shrugged: From Fiction to Fact in 52 Years
Iraq War Media Deceptions 101 - Why the Iraq invasion was justified and necessary
Climate Change 101 - Learn what the SCIENCE says about the biggest hoax EVER!
Obama - on Climate Change
Obama’s Climate Czar - The most dangerous politician in the United States
Obama’s Climate Czar - Her Socialist revolution has begun
Compare the current recession to previous recessions
Obama - Historic & Catastrophic!
Is Obama a Socialist? You BETCHA!
Makers & Takers - Spread the wealth
Obama = International Crisis
The economic case against Obama
The comprehensive case against Obama
The deficit case against the Dems
A Liberal Supermajority? Watch Out!
Examine the series you should have read before voting!
Maggie’s Totalitarian Political Religion
“Kill him!” - Just another media lie?
Journalistic Integrity? - WHERE?
The post about the TED Spread
Save the nation from the Entitlement binge!
Market Reaction to $700 Billion Bailout Vote
Drill Here, Drill Now - Quantitative Facts
ANWR - Drill There, Drill Now
ANWR Matters - Here’s why
Coal Liquefaction (Liquid Fuels From Coal)
The Ethanol Debacle
Pickens Plan - Don’t Fall For it!
Energy Tomorrow Radio - GOOD Stuff!
Economic Forecast
Iraq
Obama
More…

Labels

Blog Archive