Fun Facts About the Stimulus Bill: What we’re getting for our $827 billion
-It will actually cost $1.2 trillion when you factor in the interest payments
-The interest costs on the stimulus will run $95 million per day for the next 10 years
-It will grow the national debt to $11 trillion
-Interest payments on the national debt will now run $700 billion a year
- A Congressional Budget Office analysis found that most of the approximately $355 billion in proposed discretionary spending on “shovel ready projects” - highways, renewable energy and other initiatives - wouldn’t be spent before 2011
When you say these things out loud, does it still sound like a good idea to rush this through Congress?
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