| $450 BILLION DOLLARS... |
Unveiled Thursday night, the Stimulus II, as it will soon be known, is nothing more than a rehash of the same failed ideas of the first stimulus, and we all know how that bill has left the country. There is nothing new here:
- $175 billion - An extension of the payroll tax credit from this year with an
additional cut - $70 billion - A payroll tax cut for employers
- $62 billion - An extension of unemployment benefits for another year
- $50 billion - More supposed "shovel-ready" infrastructure spending
- $10 billion - An infrastructure bank (aka government handouts for road
construction)
For a grand total of $367 billion.