Officials say stimulus bill to cost $75B more

Breitbart ^ | 1/26/2010 | ap

[mikelets456]

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

That's the finding in a Congressional Budget Office estimate of the costs of the economic stimulus bill, which mixed tax cuts and lots of spending in an effort to jump-start the economy.

The reason for the higher estimate of the recovery bill's price tag is chiefly that unemployment benefits are costing more. Plus, stimulus-subsidized bonds to pay for infrastructure projects are more popular than expected with state and local governments.

Republicans have long blasted the stimulus for being long on spending and short on creating jobs as promised. Democrats say it has helped keep the economy going and has produced up to 2 million jobs.

[MichaelAsher54]

[truthandlife]

Why we wouldn’t we get rid of everyone in Congress right now?

[earlJam]

I don’t get it.

More than half of it is unspent.

Yet they are $75 Billion over?

[MichaelAsher54]

[elpadre]

Congress must repeal the Stimulus immediately and apply whatever remains to the monstrous debt.

[GoldenPup]

Officials say stimulus bill to cost $75B more

In other words, WE WERE LIED TO THE FIRST TIME !!!

[Sicon]

The reason for the higher estimate of the recovery bill's price tag is chiefly that unemployment benefits are costing more

You couldn't make this stuff up if you tried...

I'd love to hear a libtard explain how paying out more unemployment benefits "stimulates" an economic recovery.

[JasonC]

It is a green eyeshade estimate of the ultimate cost of all the programs put into place by the bill. Several of which spend more or less depending on the choices of counterparties (e.g. muni bond guarantees) or economic events (e.g. extending unemployment benefits an extra 26 weeks).