Wednesday, January 27, 2010

Stimulus Bill to Cost $75 Billion More Than Expected, CBO Says - Stimulus Bill to Cost $75 Billion More Than Expected, CBO Says

The whopping $787 billion federal stimulus package passed by Congress last year is now expected to cost $862 billion over the next 10 years, according to the Congressional Budget Office.

In a recent CNN/Opinion Research poll, 56% of Americans oppose this plan. In March, 2009. 54% supported the plan. Oregon is using the stimulus money to create more government jobs.

My Thoughts
In my humble opinion, the stimulus package is a failure. It was touted as the plan to keep unemployment under 8%. Unemployment is at 10+% and underemployment is 7%. Every supporter of the stimulus package says the same thing to defend it. "Bush caused all of these problems and we have to deal with it."

I believe both parties are to blame. By growing the federal government to astronomical proportions, we will see out of control spending and more government intervention. Don't get me wrong. I do believe there are times when the federal government needs to regulate.

However, a government needs to recognize its place. I am a very strong believer of states' rights and the 10th Amendment of the Constitution of the United States. If the government cannot figure out its place, we should help them by voting them all out of office and starting over from scratch.

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