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Tuesday, February 10, 2009
WHAT THE ‘STIMULUS’ WILL COST AMERICAN FAMILIES
WHAT THE ‘STIMULUS’ WILL COST AMERICAN FAMILIES
As the chart below shows, the per-family cost of the House-passed ‘stimulus’ bill will range from about $7,000 to more than $20,000.
Based on Congressional Budget Office [CBO] score of $820 billion for H.R. 1, with House Minority Budget Committee staff calculations, as follows: First column: Divides CBO score by the number of households in the U.S.
Second column: Adds CBO interest estimate, and divides by the number of households.
Third column: Takes CBO score with interest, then adds a list of programs identified by the Committee for a Responsible Federal Budget as likely to become permanent, applies interest, and divides by the number of households in the U.S.
CONGRESSMAN SCOTT GARRETT’S OFFICE
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