Monday, February 9, 2009

If the Democrats' stimulus were a country....

...which country would it 

The Heritage Foundation has an answer and it's not pretty.

From Heritage:

The House passed “stimulus” bill costs $820 billion. The Senate compromise is currently $827 billion. Senators have compromised to only spend $7 billion more than the House version.

According to The Washington Post, the new plan would add additional debt costs of $350 billion over ten years. 

The Senate ‘compromise’ is equal in size to the entire Australian economy, and is enough money to send every current high school junior and senior to a 4-year private university and still have a spare $150 billion. In comparison, the last three Omnibus Spending Bills were $515 billion (FY’08), $464 billion (FY’07) and $388 billion (FY’06). 

The Senate ‘compromise’ would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

Posted by: Press Secretary

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