{"id":2954,"date":"2010-01-04T11:50:48","date_gmt":"2010-01-04T16:50:48","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=2954"},"modified":"2010-01-04T13:17:41","modified_gmt":"2010-01-04T18:17:41","slug":"cbo-pans-latest-%e2%80%9cstimulus%e2%80%9d","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/2954\/cbo-pans-latest-%e2%80%9cstimulus%e2%80%9d\/","title":{"rendered":"CBO Pans Latest \u201cStimulus\u201d"},"content":{"rendered":"<p>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.<\/p>\n<p>On its last roll call vote, the House narrowly, <a href=\"http:\/\/clerk.house.gov\/evs\/2009\/roll991.xml\" target=\"_blank\">217-212<\/a>, passed an $180 billion \u201cjobs for main street\u201d bill that will exacerbate the federal deficit by another $64 billion, according to the <a href=\"http:\/\/www.cbo.gov\/ftpdocs\/108xx\/doc10874\/hr2847.pdf\" target=\"_blank\">Congressional Budget Office<\/a> (CBO).<\/p>\n<p>Not surprisingly, not a single Republican offered to support a third\/fourth stimulus bill filled with pork-barrel spending and empty wealth transfers.\u00a0 Democrats defected as well, with 38 voting \u201cNo.\u201d<\/p>\n<p>Now, the CBO has officially panned the legislation.\u00a0 The final price tag over the next decade will be more than $180 billion, meaning Congress authorized $967 billion\u00a0in 2009\u00a0alone for \u201cstimulus\u201d spending.<\/p>\n<p>With all this, the unemployment rate <a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">remains at 10%<\/a> and <a href=\"http:\/\/www.rasmussenreports.com\/public_content\/politics\/obama_administration\/daily_presidential_tracking_poll\" target=\"_blank\">poll numbers<\/a> indicate that no amount of wealth redistribution will increase Democratic majorities come Election Day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cjobs for main street\u201d bill that will exacerbate the federal deficit by another $64 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[59,185,687,38,179],"class_list":["post-2954","post","type-post","status-publish","format-standard","hentry","category-posts","tag-deficit","tag-house-of-representatives","tag-pork","tag-senate","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2954"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2954\/revisions"}],"predecessor-version":[{"id":2959,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2954\/revisions\/2959"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}