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Archives for: January 2010, 27
A Priest, A Rabbi And A Stimulus Package Walk Into A Bar...
By Carole on Jan 27, 2010 | Comment »
Have you heard the one about the $787 billion stimulus bill that had to be passed to keep the unemployment rate below eight percent? Turns out the bill cost an additional $75 billion (for a total of $862 billion) mostly because unemployment benefits are costing more now that the unemployment rate is at ten percent. I really wish this was a joke but unfortunately, it's the bottom line in Tuesday's cost estimate of the Recovery Act by the nonpartisan Congressional Budget Office. (source)
