Failed Obama Pork bill to cost more or Officials Say Stimulus Bill To Cost $75B more

Discussion in 'Politics' started by Neotrotsky, Jan 27, 2010.

  1. Neotrotsky
    Offline

    Neotrotsky Council to Supreme Soviet

    Joined:
    Dec 12, 2009
    Messages:
    10,402
    Thanks Received:
    1,255
    Trophy Points:
    245
    Location:
    People's Republic
    Ratings:
    +2,350
    Failed Obama Pork bill to cost even more or Officials Say Stimulus Bill To Cost $75B More

    WASHINGTON -- Last year's $787 billion economic stimulus bill is going to be even more expensive -- $75 billion more.

    The new Congressional Budget Office estimate, released Tuesday, provides more ammunition for Republicans who say the stimulus has been long on spending and short on creating promised jobs. The additional cost also eats into the savings forecast from the budget freeze President Barack Obama is expected to propose Wednesday night during his State of the Union address.

    Almost half of the additional cost, $34 billion, is because the food stamp program won't be able to take advantage of lower-than-expected inflation rates and will instead have benefits set by the stimulus bill.

    Higher unemployment insurance costs added $21 billion to the bill, and stimulus-subsidized bonds to pay for infrastructure projects have proven more popular than expected with state and local governments.
     
  2. Xenophon
    Offline

    Xenophon Gone and forgotten

    Joined:
    Nov 27, 2008
    Messages:
    16,705
    Thanks Received:
    3,750
    Trophy Points:
    48
    Location:
    In your head
    Ratings:
    +3,751
    Gee, what a shock.
     
    • Thank You! Thank You! x 1
  3. Neotrotsky
    Offline

    Neotrotsky Council to Supreme Soviet

    Joined:
    Dec 12, 2009
    Messages:
    10,402
    Thanks Received:
    1,255
    Trophy Points:
    245
    Location:
    People's Republic
    Ratings:
    +2,350
    The good news.............

    I am sure they have the health care costs correct
    :eusa_whistle:
     
  4. Joe Steel
    Offline

    Joe Steel Class Warrior

    Joined:
    Dec 11, 2009
    Messages:
    1,052
    Thanks Received:
    96
    Trophy Points:
    83
    Location:
    St. Louis, MO
    Ratings:
    +119
    Excellent!

    The stimulus was too small in the first place. Putting more money into the economy is a good thing.
     
  5. Neotrotsky
    Offline

    Neotrotsky Council to Supreme Soviet

    Joined:
    Dec 12, 2009
    Messages:
    10,402
    Thanks Received:
    1,255
    Trophy Points:
    245
    Location:
    People's Republic
    Ratings:
    +2,350
    Of course, it does matter how you put the money in the economy
    If his 787 billion failed do you really think 75 billion is going to make a difference?

    If you believe that I have health care bill to sell you :lol:


    You do know gov't can not create wealth- it can only move it around or steal it from future generations

    Too bad for Papa Obama did his pork bill cost even more to fail
     
    Last edited: Jan 27, 2010
  6. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    It hasn't failed...it merely hasn't been enough.

    We have given trillions to the banks and the rest of us are trying to cope with a pittance, much of which, incidently (about 1/3) was nothing more than tax breaks.

    And yes a lot of it is porky.

    For that I fault the DEMS
     
  7. Neotrotsky
    Offline

    Neotrotsky Council to Supreme Soviet

    Joined:
    Dec 12, 2009
    Messages:
    10,402
    Thanks Received:
    1,255
    Trophy Points:
    245
    Location:
    People's Republic
    Ratings:
    +2,350


    Is that like being a "little pregnant"
    :eusa_whistle:
     
  8. ba1614
    Offline

    ba1614 Silver Member

    Joined:
    May 9, 2009
    Messages:
    3,812
    Thanks Received:
    875
    Trophy Points:
    98
    Location:
    Deep in the Northern Woods
    Ratings:
    +876
    The pain hasn't even begun yet.
    It's painfully obvious that these clowns are as daft as they come. How will they fix this fuckup? Well isn't it obvious that another stimulus in order?
     
  9. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    So it will cost the equivalent of 6 months or so of the Iraq war?

    Lets see stimulus to help America out of a recession vs finding WMD's in Iraq?
     
  10. Oldandtired
    Offline

    Oldandtired BANNED

    Joined:
    Aug 17, 2009
    Messages:
    3,618
    Thanks Received:
    349
    Trophy Points:
    0
    Location:
    Long Island
    Ratings:
    +349
    Tonight, the owner of a company that received 99 million in strimulus will be seated in the areas of Michelle Obama.
    The Administration is using him as a poster child of the stimulus plan.
    Why?
    Becuase the 99 million he received resulted in CONCRETE proof that jobs were created...

    Yes, he created jobs with the money...so that is great.
    No?

    YES...it created 50 jobs

    Yep....99 million to creat 50 jobs...2 million a job.

    AND THAT IS THE BEST THE ADMINISTRATIN CAN COME UP WITH AS PROOF THE STIMULUS IS CREATING JOBS?

    Ill tell you what....give me 1/100 of that....1 million....and I will create 200 jobs.
     
    Last edited: Jan 27, 2010

Share This Page