The WSJ reports on the CBO’s analysis of the misbegotten stimulus bill, which shows little of the infrastructure spending occurring anytime soon (see chart above):

$26 billion of the House stimulus bill’s $355 billion in new spending would actually be spent in the current fiscal year, and just $110 billion would be spent by the end of 2010. This is highly embarrassing given that Congress’s justification for passing this bill so urgently is to help the economy right now…

Nancy Pelosi provided some additional insight in an interview with George Stephanopoulos about where hundreds of millions of dollars in immediate spending are occurring: “family planning services reduce cost. They reduce cost. The states are in terrible fiscal budget crises now…one of the initiatives you mentioned, the contraception, will reduce costs to the states and to the federal government.” It is hard to parody people who can say such things with a straight face.

This entry was posted on Tuesday, January 27th, 2009 at 3:13 am and is filed under business, Democrats, General, idiots!, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.