California Conservative

AP reports: “An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate on Monday over strong Republican opposition, and Democratic leaders vowed to deliver the emergency legislation for President Barack Obama’s signature within a few days.”

Emphasis ours. “Strong Republican opposition,” not so strong. Disappointing:

“Republican Sens. Susan Collins and Olympia Snowe of Maine and Arlen Specter of Pennsylvania broke ranks to cast their votes to advance the bill.”

The writing is on the wall:

“Moments before the vote, the Congressional Budget Office issued a new estimate that put the cost at $838 billion, an increase from the $827 billion figure from last week. Ironically, the agency said provisions in the bill intended to limit bonuses to executives at firms receiving federal bailout money would result in lower tax revenues for the government.”

So let’s translate and do the math: Because Obama wants to limit executive pay, the goverment needs an additional $11 BILLION of all American taxpayers’ money.

And that’s just a glimpse of things to come…

This entry was posted on Monday, February 9th, 2009 at 6:40 pm and is filed under Economy, Obama, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.