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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (228)	9/1/2011 6:06:10 AM
From: KyrosL	Respond to of 85487

The two most salient facts about the Stimulus are that a) it failed to stimulate, b) it jacked up the Federal Budget by nearly a trillion dollars permanently, because it was rolled into the baseline of Obama & Pelosi's one and only budget. Which means we are spending the stimulus all over again every year + 7.5% of course, this being DC. The stimulus is a very small part of our budget problem. Trillion dollars permanently added to the budget??? Where are you getting your numbers??? Here is a pie chart of the 2010 US Federal budget: Social Security, Medicare/Medicaid, Defense, Interest on debt, Other Mandatory (which includes Veterans, Pensions etc.) are 81% of the budget. None of this was increased by the stimulus, other than a small part of the Interest expense. The stimulus affected primarily discretionary spending, which is only 19% of the budget, and for the most part was one time spending. Can you please pin point the "trillion dollars" that was permanently added to the budget by the stimulus?