 | Taxpayer Alert: CBO adds another $43 Billion to Obama's Stimulus Price TagScotty Starnes | May 25, 2011 at 6:47 PM | Tags: CBO, Congressional Budget Office, Obama's stimulus | Categories: Political Issues | URL: http://wp.me/pvnFC-5jN |
Obama=One Big Ass Mistake America and it's pushing us towards insolvency. That $787 billion failed stimulus just grew by another $43 billion. $830 billion dollars spent and the unemployment rate is still above 9% and millions of jobs lost. Some recovery.
From The DailyCaller:
The Congressional Budget Office said in a new report that President Obama's economic stimulus law will raise the federal deficit $830 billion over ten years, $43 billion more than the initially estimated cost of $787 billion.
During the law's consideration in Congress, the Joint Committee on Taxation made the initial estimate.
CBO estimated the law lowered the unemployment rate by between .6 and 1.8 percent in the first quarter of 2011 and increased the number of people employed by between 1.2 million and 3.3 million during that same period.
Again, who would trust the CBO when their numbers are always conservatively low? How do they explain the increased unemployment rate?
Obama and congressional Democrats enacted the law, arguing it would provide a quick jolt to the economy. Republicans opposed the law, saying it would increase deficits and wasn't designed to work quickly.
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