28 January 2009

H.R. 1 American Recovery and Reinvestment Act of 2009

house of representatives passes $825 billion give-a-way bill
244 - 188

click here to download the 647 page bill in .pdf [1.17 mb]
from the government printing office
or here
the looting of america continues.

CBO and JCT estimate that enacting H.R. 1 would increase budget deficits by $526 billion over the 2009-2010 period (about 19 months) and by a total of $816 billion over the 2009-2019 period.

The following table summarizes CBO’s and JCT’s estimates of H.R. 1’s budgetary effects; estimates for the legislation’s major components (by division and title) are presented in a detailed table at the end of this cost estimate.

Some of the bill’s provisions would affect cash flows for the Social Security trust funds and the Postal Service fund, both of which are classified as “off-budget.” CBO and JCT estimate that enacting H.R. 1 would increase on-budget deficits by about $817 billion over the 2009-2019 period and reduce off-budget deficits by about $1 billion over that period (see the memorandum at the end of the attached detailed table for on-budget and off-budget effects by year). ~ congressional budget office cost estimate on h.r. 1 via the congressional budget office, douglas w. elmendorf, director's blog.

how louisiana's congressmen voted on h.r. 1:

yeas
charlie melancon - voted for the wall street bailout and for the auto bailout bill

noes
rodney alexander - voted for the wall street bailout
charles boustany - voted for the wall street bailout
anh cao - wasnt in office
bill cassidy - wasnt in office but said that he would have voted for the wall street bailout
john fleming - wasnt in office but said that he would not have voted for the wall street bailout
steve scalise - voted against the wall street bailout

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Posted by wst... at 22:43

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