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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