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Politicians Reach Deal to Mortgage America's Future

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jaunte2/06/2009 5:47:01 pm PST

From The Corner:

Senate Bill Still Costs More than House Bill
[Mark Hemingway]

Senate GOP sending this out:

The $780 billion figure doesn’t include the $46.5 billion in amendments added to the stimulus bill this week. According to our numbers, the deal is at least $827 billion, $7 billion MORE than the House passed bill. With debt, that comes to $1.175 trillion total cost for the new deal.

Only in Washington can an increase over the original bill cost be sold as a cut.

This figure includes:

$780 B (for base deal)
$46.5 B (for amendments added during debate)
$348 B (for debt service)

Total equals $1.175 Trillion

To put that in perspective, the total cost of House bill is $1.168 trillion ($820 billion for bill and $348 billion for debt service)
http://corner.nationalreview.com/