Mao be praised.
Fox News reports:
The $787 billion federal stimulus package that Congress passed last year has gotten even bigger — now expected to cost $862 billion, over the next 10 years, according to the Congressional Budget Office.
The nonpartisan CBO report, published Tuesday, attributes the $75 billion increase to added unemployment-related costs. More Americans are receiving unemployments benefits for lost jobs that the stimulus bill was meant to save, the report says.
I love Fox News for the irony they provide in their reporting hahaha.
“More Americans are receiving unemployments benefits for lost jobs that the stimulus bill was meant to save”
The porkulus is probably the most insane fiscal action our government has ever engaged in since its founding history.
In September of 2008, Forbes reported:
…some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
No particular rhyme or reason, our federal over-lords simply wanted to epically loot the living crap out of you and blow your cash on a bunch of worthless vote buying fascist programs!
[sarcasm] Personally, I can’t understand how this didn’t work! I mean so much economic science was put into this! [/sarcasm]
Well, we did it to ourselves. We elected a bunch of fascist totalitarian criminals to run our supreme government and we got what we asked for, total looting.