Thursday, February 5, 2009

Repub stimulus plan costs trillions more than Obama's

Three days ago, at Think Progress, Satyam Khanna reported on a not-so-surprising discovery: the Senate GOP's 'Stimulus Plan' Costs 3.5 Times as Much as Obama's."

Mitch McConnell, an exemplary Repugnican and Senate Minority Leader, said that Obama's plan is just too expensive. $819 billion is too much.

"Most of my members believe that we could pass a very robust stimulus for less than the amount currently before us. We have been throwing figures around like it was paper money. We are already looking at, before we even do this, at over a trillion dollar deficit for this year. We all agree that we need to do something, but I don't think we should not just completely act like the amount is irrelevant."

Fascinating, heh? The Repugs have had no problem throwing billions at the military operations in Iraq and Afghanistan and billions more to their buddies on Wall Street, but now that some money might actually find it's way into the hands of the hoi polloi, they're screaming about the deficit!


Guess who's pushing the Repugnican plan? Yup. Da Candy Man, DeMint from South Carolina. It's called "American Option: A Jobs Plan That Works."

Heh. Heh. Khanna notes that "A new Wonk Room analysis finds that DeMint's plan will cost $3.1 trillion over ten years, more than 3.5 times the cost of Obama's."

And, as you might also guess, DeMint's plan is comprised mostly of "permanent tax breaks for corporations and lowering income tax for the wealthy."


Khanna's article (with video) is here.

1 comment:

Bob Poris said...

I hope the Democrats let the public know how the Republican plan is more costly than the one being worked on now. In the meantime, the delays have cost retirees, workers, small businesses, etc a large percentage of their savings, net worth, retirement plans, etc Every day they waste will throw a number of people deeper into debt, lost wages, lost health plans, etc. The government workers, including Congressmen and Senators, have no recession woes. They get their pay and perks no matter what. I do think they are not aware of what is happening to most people as their life savings disappear.

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