WashingtonWatch.com has run the numbers on the deficit spending bill formerly known as economic stimulus, which is being debated in the House and Senate today. Here’s the skinny:
The bill costs the average U.S. family about $3,300, and it raises the national debt by about $7,700 per family.
Let’s go through that.
The bill spends about $5,500 per family, or $1,750 per person.
It reduces taxes by about $2,200 per family, or $700 per person.
Total cost (using our methodology): $3,300 per family, or $1,050 per person.
Added to national debt: $7,700 per family, or $2,450 per person.
