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January 4th, 2010 11:50 am
CBO Pans Latest “Stimulus”
Posted by Print

Lost during the health care fight in the Senate over the holidays were the votes in the House over yet another round of central planning stimulus provisions.

On its last roll call vote, the House narrowly, 217-212, passed an $180 billion “jobs for main street” bill that will exacerbate the federal deficit by another $64 billion, according to the Congressional Budget Office (CBO).

Not surprisingly, not a single Republican offered to support a third/fourth stimulus bill filled with pork-barrel spending and empty wealth transfers.  Democrats defected as well, with 38 voting “No.”

Now, the CBO has officially panned the legislation.  The final price tag over the next decade will be more than $180 billion, meaning Congress authorized $967 billion in 2009 alone for “stimulus” spending.

With all this, the unemployment rate remains at 10% and poll numbers indicate that no amount of wealth redistribution will increase Democratic majorities come Election Day.

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