The Congress and President Obama prints over 1,080 pages and the Treasury prints another $787 billion.
SUMMARY OF ESTIMATED COST OF THE CONFERENCE AGREEMENT FOR H.R. 1, THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009, AS POSTED ON THE WEB SITE OF THE HOUSE COMMITTEE ON RULES
House Speaker Nancy Pelosi
Forget the depression listen we need a good Poem…
she says Yes to the people VOTE YES!
Lets face it things are not based on platitudes and a 24/7 printing press but demographics. 30 trillion was lost in the global market in the past year (source Billy Clinton). We really think (not) that $780 billion will really stop this economic slide as the bulk of the baby boomers retire, stop spending, stop paying taxes, begin to save money in fear of running out, and begin to draw down on the entitlement programs earned (Medicare and Social Security).
Oh by the way:
The national debt — the sum of all annual budget deficits — stands at $10.7 trillion. Or about $36,000 for every man, woman and child in the U.S.
Interest payments alone on the national debt will near $500 billion this year. It’s already the fourth-largest federal expenditure, after Medicare-Medicaid, Social Security and defense.
For the overall review of the spending plan read this link!
