24 January 2009

With all this "stimulation"...

...we're talkin' "multiple Obamagasms"...

1. The House Democrats’ bill will cost each and every household $6,700 additional debt, paid for by our children and grandchildren.

2. The total cost of this one piece of legislation is almost as much as the annual discretionary budget for the entire federal government.

3. President-elect Obama has said that his proposed stimulus legislation will create or save three million jobs. This means that this legislation will spend about $275,000 per job.

The average household income in the U.S. is $50,000 a year.
Read it all... I dare you.

[via sondrakistan]


BDFT said...

The immediate question that springs to mind is where is the other 225,000.00 per job going? Or, perhaps more accurately, who is it going to?

Neo Conservative said...

the logical course here... isn't using "extraordinary measures" on terminally ill enterprises.

as with any disaster situation, the first thing you do is "triage" your casualties.

this is simply throwing good money after bad.