Let’s start with some basics about the stimulus bill (H.R. 1: the American Recovery and Reinvestment Act of 2009). According to my quick read (so all numbers here are subject to revision) of the Congressional Budget Office (CBO) analysis, the total estimated cost of the proposal is $816 billion over ten years. This is composed of $604 billion of extra spending, plus $212 billion of less money collected in taxes than had been planned. That’s a whole lot of money, even for the U.S. economy.
First, consider when the $604 billion is projected to be spent over the next ten years (all spending timing in Fiscal Years):
Complete Original Article from NRO
related-A 40-Year Wish List
You won't believe what's in that stimulus bill.
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