WaPo Digs Into Kamala Harris' Epic 2024 Collapse...and It's Brutally Entertaining
It Wasn't the Revenge of the Working Class Voter in 2024. It Was...
FEMA Fires Official Who Ordered Workers to Skip Hurricane-Ravaged Homes With Trump Signs
The Wall Street Journal Did Not Hold Back Regarding What Dems Are Trying...
The Heroes and Zeros of Election 2024
Democrats Lost But Democrats Will Never Stop
DeSantis Bro Eats Crow
GOP Pollster Says Whoever Gave Harris This Advice 'Committed Political Malpractice'
The Leftists Didn't Get the Memo
Why There Wasn’t as Much Democratic Cheating This Year in Battleground States
Trump's Victory Spells Defeat for Iran's Mullahs
We Gave the Election Our Utmost Attention, Now Let’s Give Our Vets the...
Jews Hunted in European Pogrom
Veteran's Day 2024
The Jews' World Is Getting Smaller
Tipsheet

Obama Stimulus To Cost More than Expected

Nearly one year after Barack Obama put the ink down to sign his stimulus (the American Recovery and Reinvestment Act, ARRA) into law, the CBO has 'updated' its estimate on how much it will cost. The unsurprisingly more expensive new estimate will
Advertisement
cost taxpayers another $75 billion.

When ARRA was being considered, the Congressional Budget Office (CBO) and the staff of the Joint Committee on taxation (JCT) estimated that it would increase budget deficits by a total of $787 billion... it appears that ARRA will have larger effects in later years than originally estimated. All told, CBO now anticipates that the law will increase deficits by $862 billion.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement