Daily Reminder: February 13, 2012

With zero Republicans in support and seven Democrats voting against, the House of Representatives passed the then $787 billion (now $862 billion) American Recovery and Reinvestment Act three years ago today. That day, North Carolina Congressman Walter Jones told America’s Right that “it’s fitting that this bloated bill was passed on Friday the 13th, because this massive government spending will result in scary consequences for our children and grandchildren.”

“Our nation’s budget deficit is already estimated at $1.2 trillion for the current year,” Jones told America’s Right. “This ‘stimulus’ package merely saddles the American people with even more federal debt. According to the CBO, this legislation will increase the federal budget deficit by $792 billion, with additional interest costs of at least $300 billion. With the package’s total cost at $1.1 trillion, Census Bureau statistics indicate that the bill amounts to a per-family cost of at least $9,418 in new spending and debt.”

267 DAYS UNTIL ELECTION DAY
342 DAYS UNTIL JANUARY 20, 2013

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