True cost of "stimulus"? $3.27 trillion

[F&D]

True Cost of Stimulus: $3.27 Trillion

All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.

(see link for CBO table)

Every man, woman, and child in the country is about to get porked for $10,900, to theoretically create 3.5 million jobs, at a cost of $934,285 EACH.

Fucking biggest ripoff scam in the history of the world.

Feeling "stimulated" yet?

[novcadetshotz]

I rode by a church sign yesterday on my way home that read ...


"YOU are God's stimulus plan." I wasn't sure whether to be uplifted, or to go home and get something else "uplifted" to start my "stimulation" .. 0.o!

[Mooosman]

Originally Posted by F&D

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.

So, they're not reporting on the actual stimulus plan itself, but on what a GOP Congressman asked the CBO to look at, based on his own criteria?


Who's to say any of these provisions are going to become permanent?


Oh, and: "Generation Theft Act"??? Yeah, that's not biased reporting, right? The Heritage Foundation? Really, F&D?


Nick

[Tripped1]

As long as the sources are sighted you can get past the rhetoric and find real numbers.

[baldheadeddork]

Originally Posted by Tripped1

As long as the sources are sighted you can get past the rhetoric and find real numbers.

I don't know if you clicked the link, but F&D quoted the entire thing. That's all they got.

How did they arrive at this "true" cost? By making shit up.

All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs. So what is the true cost of the stimulus if these spending increases are made permanent?

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.

No one is even talking about making all of this permanent, so they decided to pretend they did to get a big, scary number.

[F&D]

Originally Posted by Mooosman

So, they're not reporting on the actual stimulus plan itself, but on what a GOP Congressman asked the CBO to look at, based on his own criteria?

No, they're looking at the top provisions of the stimulus plan which define entitlement benefits that are likely to be extended. I've seen no language in the bill that specifically limits them, have you?

Who's to say any of these provisions are going to become permanent?

Oh come on. Just look at the history of how this government behaves! When does spending like this EVER get rolled back? Considering that part of what Obama is doing here is rolling back Clinton's welfare reform, I'm more likely to believe in unicorns than in the possibility that this will be one-time spending.

Obama really is a religion for you guys, isn't it? I've never seen more undeserving, blind faith in my life. You are worse than born-again Christians.

Oh, and: "Generation Theft Act"??? Yeah, that's not biased reporting, right? The Heritage Foundation? Really, F&D?

No, this is just what it is.

Question: where will this money to pay for this come from?
Answer: it's being borrowed, or printed out of thin air. Either way, future generations are going to be shafted by this, big time. It is generational theft.

[dave b]

Originally Posted by baldheadeddork

I don't know if you clicked the link, but F&D quoted the entire thing. That's all they got.
How did they arrive at this "true" cost? By making shit up.
No one is even talking about making all of this permanent, so they decided to pretend they did to get a big, scary number.

Wait a 'sec. Are you telling us that Farting & Dribbling is, !Gasp!, making shit up?

Or is he simply posting somebody else's made up shit.

There's a difference, isn't there?

db

[F&D]

Originally Posted by baldheadeddork

I don't know if you clicked the link, but F&D quoted the entire thing. That's all they got.

How did they arrive at this "true" cost? By making shit up.

No one is even talking about making all of this permanent, so they decided to pretend they did to get a big, scary number.

Show me the sunset clauses for the entitlement program spending then.

[F&D]

Originally Posted by dave b

Wait a 'sec. Are you telling us that Farting & Dribbling is, !Gasp!, making shit up?

Or is he simply posting somebody else's made up shit.

There's a difference, isn't there?

db

Show me the sunset clauses in the entitlement spending.

And at least TRY to be intellectually honest here - *I* am not making anything up, just posting something I read.

Upon what do you base you faith that this spending will NOT be ongoing?

[Mooosman]

Originally Posted by baldheadeddork

No one is even talking about making all of this permanent, so they decided to pretend they did to get a big, scary number.

Exactly. They need a really big number to say during interviews.


It's the fucking HERITAGE FOUNDATION!!!

That's like getting your abortion statistics from National Right to Life!


Nick

[F&D]

Originally Posted by Mooosman

Exactly. They need a really big number to say during interviews.


It's the fucking HERITAGE FOUNDATION!!!

That's like getting your abortion statistics from National Right to Life!

One more time: the numbers come from the CONGRESSIONAL BUDGET OFFICE, not the Heritage Foundation. Heritage is merely reporting it.

Show me the sunset clauses in the entitlement spending programs.

Are you honestly saying that Obama and the Democrat Congress will shut this spending off, once started? Upon what do you base your faith that it won't be ongoing?

[baldheadeddork]

Originally Posted by F&D

Show me the sunset clauses for the entitlement program spending then.

You're making the claim, you do the fucking homework.

[flylooper]

Originally Posted by F&D

True Cost of Stimulus: $3.27 Trillion



(see link for CBO table)

Every man, woman, and child in the country is about to get porked for $10,900, to theoretically create 3.5 million jobs, at a cost of $934,285 EACH.

Fucking biggest ripoff scam in the history of the world.

Feeling "stimulated" yet?

For purposes of reply, I'll accept the CBO numbers.

$3.27 T over a 10 year span in which the GDP is conservatively estimated to be well over $100 Trillion.

That looks like around 3% of GDP to me.

Now go look at what the debt to GDP was at various key points in our economic history, like 1865, 1938 and 1946 and - btw - which we managed to survive intact, and fully capitalist.

This is a sub-variety of "making shit up." It's called "scaring the shit out of your opponent."

[F&D]

Originally Posted by baldheadeddork

You're making the claim, you do the fucking homework.

Well, we've only had a few hours to read 1000 pages of complex legislation. So far I've seen nothing that looks like sunset clauses on entitlement spending legislation. Have you? I've not heard any Democrat saying that spending on these programs will end on a certain date. Have you?

The Bush tax cuts have specific sunset dates where they will expire and all our taxes will go up. Does these programs have expiration dates? Apparently not.

Don't you think this is at least reason to put off rushing through the vote on this thing?

The claim is, these spending programs are not sunsetted, so it is perfectly reasonable to expect that they will get extended considering that's how program spending like this always goes.

Now, can you prove that the entitlement spending programs will be sunsetted? Show me sunset clauses in the legislation, and I'll join you in calling the article bullshit.

[baldheadeddork]

Edit-it was ten years. My mistake.