Thursday, July 9, 2009

$787 Billion Spending Package?

It has become a popular myth (lie?) among conservative pundits that the stimulus package passed earlier this year is a $787 Billion spending package. But let's get in our way back machine and look at reality. Obama originally wanted to spend somewhere around $700 Billion, or more. But GOP and congressional pressure forced him to agree to a $787 Billion stimulus with $288 Billion in TAX CUTS - which many feel is a much worse stimulus than spending. So, in the end, Obama got only about 50% of the spending he wanted and was forced to include relatively non-stimulative tax cuts. Thank you GOP!

1 comment:

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