Tuesday, January 26, 2010

Obama stimulus costs $75 Billion more than previous estimate.

Via the Spectator who points out the CBO's new math on Obama's stimulus package.

But today, the Congressional Budget Office estimated that his signature domestic achievement to date -- the economic stimulus package -- cost more than the $787 billion it originally estimated. On page 113 of its Budget and Economic Outlook for 2010 to 2010, CBO tells us:

Looking ahead, 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 between 2009 and 2019...


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