“Stimulus”—$1 Million Spent for Every Job LostPosted by Randy | February 23, 2012
This month marks the third anniversary of the unprecedented trillion-dollar “stimulus” package passed under House Speaker Nancy Pelosi and President Obama (the Congressional Budget Office estimates the cost of the stimulus will reach $825 billion and interest on the debt for the stimulus will be at least $347 billion). The American Recovery and Reinvestment Act (H.R. 1) was rushed through the House and Senate on the promise that it would immediately jumpstart our economy and “save or create” up to four million jobs.
I was one of only 17 Members of Congress to vote against both this stimulus and every other stimulus and bailout under the Bush and Obama Administrations because I believed that they would not work.
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