Stimulus by the numbers

January 27, 2009|By OFFICE OF HOUSE REPUBLICAN LEADER JOHN A. BOEHNER

Republicans are finding a lot not to love in the House Democrats' plans for an $825 billion economic stimulus bill -- a package that they claim will actually total more than $1 trillion after adding 10 years' worth of interest required to help pay for it. Among the items that House Republican leaders have called attention to in recent days, using information provided by the nonpartisan Congressional Budget Office:

2.7 -- Only 2.7 percent, or $22.3 billion of the overall package, is dedicated to small-business tax relief.

32 -- The plan establishes at least 32 new government programs at a cost of more than $136 billion. That means more than one-third of this plan's spending provisions involve the creation of new government programs.

152 -- Even though the legislation contains at least 152 seperate spending proposals, the authors of the plan can only say that 34 have any chance at keeping or growing jobs.

6,700 -- The House Democrats' bill will cost each American household $6,700 in additional debt, to be paid for by our children and granchildren.

30 billion -- Although the House Democrats' proposal has been billed as a transporation and infrastructure investment package, only $30 billion of the bill -- or 3 percent -- is for road and highway spending. A recent study from the nonpartisan Congressional Budget Office found that only 25 percent of infrastructure dollars can be spent in the first year, making the one-year total less than $7 billion.

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