What Does $825 Billion of Stimulation Feel Like?
Posted on Jan 15, 2009
There will be negotiation, revision and capitulation, but the basic guts of the Democrats’ $825 billion stimulus package are out in the open. There’s billions for infrastructure, billions for schools and billions for you and me. House Minority Leader John Boehner (R-Ohio) responded by saying “Oh. My. God,” which we’ll take to mean, “Praise Jesus! The Democrats have done it again.”
AP via Google:
The legislation calls for federal spending of roughly $550 billion and tax cuts of $275 billion over the next two years — totals certain to change as the measure works its way through Congress.
The measure calls for $90 billion to help the states meet the rising cost of providing health care for the poor in the recession, and another $39 billion to subsidize coverage by out-of-work wage-earners who cannot afford the cost of their employer-covered health care.
More than $100 billion is ticketed for education, including money for school districts to shield them from the effects of state cutbacks in services.
Flickr / jphilipg