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41%

Posted By Conn Carroll On January 27, 2009 @ 3:08 pm In Ongoing Priorities | Comments Disabled

Remember when leftist groups like the Center for American Progress [1] were denying the CBO had a report debunking the claim’s of The Pelosi-Reid-Obama Debt Plan? [2] Turns out that report DOES EXIST! [3]

President Barack Obama has promised [4] that 75% of the money from the stimulus package will be pumped into the economy by Sept. 30, 2010. Well, according to the very real CBO report [3] only 41% [5] of the government purchases in The Pelosi-Reid-Obama Debt Plan [2] occurs in the first two years.

Sounds like a thorough debunking to us.


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2009/01/27/41/

URLs in this post:

[1] Center for American Progress: http://yglesias.thinkprogress.org/archives/2009/01/81_times.php

[2] The Pelosi-Reid-Obama Debt Plan?: http://www.foundry.org/2009/01/27/stimulus-101-the-pelosi-reid-obama-debt-plan/

[3] DOES EXIST!: http://cboblog.cbo.gov/?p=199

[4] has promised: http://uk.reuters.com/article/marketsNewsUS/idUKN2650866620090127

[5] only 41%: http://gregmankiw.blogspot.com/2009/01/cbo-on-fiscal-policy-lags.html

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