Senate Economic Stimulus Bill: $750+ in Spending Per U.S. Family
A cost estimate for the Senate economic stimulus bill has been released. It comes in at a little over $750 in spending per U.S. family. That’s about $240 per person.
The estimate is incomplete. It “does not include potential net costs under title VI, which would require the Secretary of the Treasury to use existing funds for the Troubled Asset Relief Program (TARP) [i.e., the bailout] to provide $25 billion in direct loans to automobile manufacturers and component suppliers.”
Here’s the current vote on S. 3689, The Economic Recovery Act of 2008. Click to vote, comment, learn more, or edit the wiki article for the bill.