Home |
Search |
Today's Posts |
#1
![]()
posted to rec.boats
|
|||
|
|||
![]()
$17 billion is less than one half of 1% of the entire $3.55 trillion
FY10 budget. Interest costs will be over $172 billion for FY10, or ten times what the administration is proposing to save. $17 billion is about 2% of the $787 billion stimulus bill passed on February. $17 billion is less than 5% of the interest expense created by the stimulus bill. Legislation signed by President Obama has added $422 billion to FY2010 deficit, about 25 times the FY2010 savings proposed in this budget. The Federal government has already provided up to $173.4 billion in financial assistance to AIG, or ten times what the administration is proposing to cut from the budget. The Federal government has already provided almost $36 billion in TARP aid to the auto industry, or twice what he administration is proposing to cut from the budget. Since President Obama has taken office, total U.S. debt has increased by over $600 billion. $17 billion is less than 3% of new debt created during this administration’s first 105 days. Agencies reported improper payment estimates of $72 billion for fiscal year 2008 for a select group of programs. This represents about 4 percent of the $1.8 trillion of reported outlays for the related programs. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
O's 50 Billion Plan | General | |||
Off Subject; Billion | ASA | |||
$3.2 billion a day | General | |||
(OT) 326 Billion | General | |||
What $100 Billion Buys... | General |