patrick.net

Listen to Spicer on that.

"there is nothing that would conclude me that anything would have changed with respect to that time period."

And that was when Darth Bannon said: "Jr.'s weakness will not be tolerated! DESTROY HIM! Yesss, good good my alt-rightlings, let the hate flow through you." :)

Goran_K says

Are you seriously trying to claim that the ARRA programs were only funded for ONE year?

I'm glad you are quoting it. You're quoting your own idiocy. I said one time cost. Whether it took 2 years, 5 years, or 10 years, the total cost was ~$800 billion. Not $800 billion annually like you said. You know the difference between one-time and annual, right?

Goran_K says

You're also only quoting a number from the fiscal cost of ARRA, not the administrative cost (which are nearly double the actual fiscal cost). So tell me, how did the extensions to unemployment, expansions of medicaid, and SNAP (which are still in effect) get funded until now? How much did those extensions/expansions costs?

Please prove me wrong by showing the actual numbers tatupu instead of googling some random cost quote without context. Show me the line item cost including FISCAL and ADMINISTRATIVE cost for ARRA.

Of course. Here you go:

Spending (Senate – $552 billion, House – $545 billion)

Aid to low income workers and the unemployed
Senate – $47 billion to provide extended unemployment benefits through December 31, increased by $25 a week, and provide job training; $16.5 billion to increase food stamp benefits by 12 percent through fiscal 2011 and issue a one-time bonus payment; $3 billion in temporary welfare payments.
House – Comparable extension of unemployment insurance; $20 billion to increase food stamp benefits by 14 percent; $2.5 billion in temporary welfare payments; $1 billion for home heating subsidies and $1 billion for community action agencies.

Direct cash payments

Senate – $17 billion to give one-time $300 payments to recipients of Supplemental Security Income and Social Security, and veterans receiving disability and pensions.
House – $4 billion to provide a one-time additional Supplemental Security Income and Social Security Disability Insurance payment to the elderly, of $450 for individuals and $630 for married couples.
Conference – $250 one-time payment to each recipient of Supplemental Security Income, Social Security (Regular & Disability) Insurance, Veterans pension, Railroad Retirement, or State retirement system.[19]

Infrastructure

Senate – $46 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $11.5 billion for mass transit and rail projects; $4.6 billion for the Army Corps of Engineers; $5 billion for public housing improvements; $6.4 billion for clean and drinking water projects.
House – $47 billion for transportation projects, including $27 billion for highway and bridge construction and repair and $12 billion for mass transit, including $7.5 billion to buy transit equipment such as buses; and $31 billion to build and repair federal buildings and other public infrastructures.

Health care

Senate – $21 billion to subsidize the cost of continuing health care insurance for the involuntarily unemployed under the COBRA program; $87 billion to help states with Medicaid; $22 billion to modernize health information technology systems; and $10 billion for health research and construction of National Institutes of Health facilities.
House – $40 billion to subsidize the cost of continuing health care insurance for the involuntarily unemployed under the COBRA program or provide health care through Medicaid; $87 billion to help states with Medicaid; $20 billion to modernize health information technology systems; $4 billion for preventative care; $1.5 billion for community health centers; $420 million to combat avian flu; $335 million for programs that combat AIDS, sexually transmitted diseases and tuberculosis.
Conference – A 65% COBRA subsidy for 9 months will apply to workers laid off between Sep 1, 2008 and Dec 31, 2009. Those already laid off have 60 days to apply for COBRA.

Education
Senate – $55 billion in state fiscal relief to prevent cuts in education aid and provide block grants; $25 billion to school districts to fund special education and the No Child Left Behind K–12 law; $14 billion to boost the maximum Pell Grant by $400 to $5,250; $2 billion for Head Start.
House – Similar aid to states and school districts; $21 billion for school modernization; $16 billion to boost the maximum Pell Grant by $500 to $5,350; $2 billion for Head Start.
Conference – The Conference Report merged most education aid with the State Fiscal Stabilization fund (administered by the Department of Education)and gave power over the funds to each governor under voluminous restrictions. The Governor is "Required" to spend $45 billion of the money on education to restore funding to 2008 levels but the mechanisms to enforce state maintenance of effort at 2005–06 levels are complex and potentially impossible to implement.[21] Hard hit states such as Nevada cannot possibly find enough funds to get to the 2005–06 state funding levels for education.[22] Some states with no current budget cuts for education, such as Arkansas and North Carolina, may get nothing.[23] This will result in a monumental 50 state legal and political fight over how to re-budget to best take advantage of the federal legislation. Many states will further reduce state funds for education to the 2005–06 minimum so these state resources can be used for other state priorities and the net gain for education will be far less than the total federal appropriation.

Energy

Senate – $40 billion for energy efficiency and renewable energy programs, including $2.9 billion to weatherize modest-income homes; $4.6 billion for fossil fuel research and development; $6.4 billion to clean up nuclear weapons production sites; $11 billion toward a so-called smart electricity grid to reduce waste; $8.5 billion to subsidize loans for renewable energy projects; and $2 billion for advanced battery systems.
House – $28.4 billion for energy efficiency and renewable energy programs, including $6.2 billion to weatherize homes; $11 billion to fund a smart electricity grid.
Homeland security
Senate – $4.7 billion for homeland security programs, including $1 billion for airport screening equipment and $800 million for port security.
House – $1.1 billion, including $500 million for airport screening equipment.

Law enforcement

Senate – $3.5 billion in grants to state and local law enforcement to hire officers and purchase equipment.
House – Comparable provision.
Tax Changes ($275 billion)[edit]
House – About $145 billion for $500 per-worker, $1,000 per-couple tax credits in 2009 and 2010. For the last half of 2009, workers could expect to see about $20 a week less withheld from their paychecks starting around June. Millions of Americans who don't make enough money to pay federal income taxes could file returns next year and receive checks. Individuals making more than $75,000 and couples making more than $150,000 would receive reduced amounts.
Senate – The credit would phase out at incomes of $70,000 for individuals and couples making more than $140,000 and phase out more quickly, reducing the cost to $140 billion.
Conference – Tax Credit reduced to $400 per worker and $800 per couple in 2009 and 2010 and phaseout begins at $75,000 for individuals and $150,000 for joint filers. Note retirees with no wages get nothing.[24]

Alternative minimum tax

House – No provision.
Senate – About $70 billion to prevent 24 million taxpayers from paying the alternative minimum tax in 2009. The tax was designed to make sure wealthy taxpayers can't use credits and deductions to avoid paying any taxes or paying at a far lower rate than would otherwise be possible. But it was never indexed to inflation, so critics now contend it taxes people it was not intended to. Congress addresses it each year, usually in the fall.
Conference – Includes a one-year increase in AMT floor to $70,950 for joint filers for 2009.[24]
Expanded child credit
House – $18.3 billion to give greater access to the $1,000 per-child tax credit for low income workers in 2009 and 2010. Under current law, workers must make at least $12,550 to receive any portion of the credit. The change eliminates the floor, meaning more workers who pay no federal income taxes could receive checks.
Senate – Sets a new income threshold of $8,100 to receive any portion of the credit, reducing the cost to $7.5 billion.
Conference – The income floor for refunds was set at $3,000 for 2009 & 2010.[25]

Expanded earned income tax credit

House – $4.7 billion to increase the earned income tax credit – which provides money to low income workers – for families with at least three children.
Senate – Same.

Expanded college credit

House – $13.7 billion to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
Senate – Reduces the amount that can be refunded to low-income families that pay no income taxes, lowering the cost to $13 billion.

Homebuyer credit

House – $2.6 billion to repeal a requirement that a $7,500 first-time homebuyer tax credit be paid back over time for homes purchased from Jan 1 to July 1, unless the home is sold within three years. The credit is phased out for couples making more than $150,000.
Senate – Doubles the credit to $15,000 for homes purchased for a year after the bill takes effect, increasing the cost to $35.5 billion.
Conference – $8,000 credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years.[25]

Home energy credit

House – $4.3 billion to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
Senate – Same.
Conference – Same.

Unemployment

House – No similar provision.
Senate – $4.7 billion to exclude from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
Conference – Same as Senate

Bonus depreciation

House – $5 billion to extend a provision allowing businesses buying equipment such as computers to speed up its depreciation through 2009.
Senate – Similar.

Money-losing companies

House – $15 billion to allow companies to use current losses to offset profits made in the previous five years, instead of two, making them eligible for tax refunds.
Senate – Allows companies to use more of their losses to offset previous profits, increasing the cost to $19.5 billion.
Conference – Limits the carry-back to small companies, revenue under $5 million[26]

Government contractors

House – Repeal a law that takes effect in 2011, requiring government agencies to withhold three percent of payments to contractors to help ensure they pay their tax bills. Repealing the law would cost $11 billion over 10 years, in part because the government could not earn interest by holding the money throughout the year.
Senate – Delays the law from taking effect until 2012, reducing the cost to $291 million.

Energy production

House – $13 billion to extend tax credits for renewable energy production.
Senate – Same.
Conference – Extension is to 2014.

Repeal bank credit

House – Repeal a Treasury provision that allowed firms that buy money-losing banks to use more of the losses as tax credits to offset the profits of the merged banks for tax purposes. The change would increase taxes on the merged banks by $7 billion over 10 years.
Senate – Same.

House – $36 billion to subsidize locally issued bonds for school construction, teacher training, economic development and infrastructure improvements.
Senate – $22.8 billion to subsidize locally issued bonds for school construction, industrial development and infrastructure improvements.

Auto sales

House – No similar provision.
Senate – $11 billion to make interest payments on most auto loans and sales tax on cars deductible.
Conference – $2 billion for deduction of sales tax, not interest payments phased out for incomes above $250,000.[27]
security deposit=$299.

errc says

The first goal of any real American, concerned with fixing our country's healthcare crisis, is to decouple health insurance from employment, and end the political privileges and preferential tax treatment. MAGA by any definition

@errc Yes, this!

Please run for office. You'll have my vote if you just stick to that position.

As someone trying to start my own business (over and over) I continuously am pushed back to working for our corporate overlords by the cost of health insurance, exactly as they intended. The US Chamber of Commerce is ultimately to blame, IMHO.

You also fojoeyjojojunior says

Whether it took 2 years, 5 years, or 10 years, the total cost was ~$800 billion.

Quoting again so tatupu can't go back and edit.

Here's the actual CBO report on ARRA 10 year cost projection.

From the report:

$2.527 trillion in spending
$744 billion ALONE in DEBT SERVICING

(and it's only gotten worse since the debt has actually gotten BIGGER since the CBO report in 2010).

Add another $2 trillion in administrative cost.

Not to mention the permanent expansions of medicaid, unemployment, and SNAP.

it is without doubt or argument the MOST expensive legislation ever signed by a president.

Are you going to admit that the CBO report proves your ridiculous lie wrong about ARRA costing only $800 billion or do I have to keep embarrassing you tatupu?

Goran_K says

Are you going to admit that the CBO report proves your ridiculous lie wrong about ARRA costing only $800 billion or do I have to keep embarrassing you tatupu?

Well, I can't even read your source so it's hard to know if you posted the truth or more BS.

But, even so, are you going to admit that my estimate was a hell of a LOT closer than yours? You said $1T per year.

You've only embarrassed yourself.

One can argue about whether debt is + or - & in the meantime the interest on debt will eat you up.

http://www.usdebtclock.org/

Borrowing money to purchase anything & paying even more in interest on the debt
is the ultimate economic genius.

bob2356 says

Feel fee to document exactly how the ACA is suffocating your small business.

Crickets chirping.

rando says

As someone trying to start my own business (over and over) I continuously am pushed back to working for our corporate overlords by the cost of health insurance, exactly as they intended. The US Chamber of Commerce is ultimately to blame, IMHO.

bob2356 says

bob2356 says

Feel fee to document exactly how the ACA is suffocating your small business.

Crickets chirping.

There ya go bob. Keep up the old man trolling if ya like. (Its not a good look on you.)

CBOEtrader says

rando says

As someone trying to start my own business (over and over) I continuously am pushed back to working for our corporate overlords by the cost of health insurance, exactly as they intended. The US Chamber of Commerce is ultimately to blame, IMHO.

bob2356 says

bob2356 says

Feel fee to document exactly how the ACA is suffocating your small business.

Crickets chirping.

There ya go bob. Keep up the old man trolling if ya like. (Its not a good look on you.)

Not sure what you think you read there. Patrick was saying that he wants to start his own business, but he goes back to work for a corporation because he needs health insurance

I'd say Goran lost this one...

"I think you're lying AGAIN and you didn't quote me"

Just like his supposed CBO estimates. All lies.

joeyjojojunior says

Just like his supposed CBO estimates.

Bill will get a new CBO score, but no actual amendments/changes will be part of the scoring, as was currently being reported yesterday. GOP continues attacks on their own CBO official as well.

Take the campaign smarts of the GOP and the policy making of the DEMs: America really would be great again.

Trump is safe.
His family will not turn on him for one single reason:
Anything the libbies turn up on the trumplings will be PRESIDENTIALLY PARDONED.

Everybody caught in this net will be pardoned. Everybody.
In other words, the libbies are like a dog chasing it's tail, when caught, there is no bite coming...

www.youtube.com/embed/zfBG0d5Oj3c

Rew says

Was it Collusion?

https://www.nytimes.com/2017/07/11/us/politics/collusion-trump-russia-campaign.html

Simple, rational, well done. Go NYT! Go Deep State!

BlueSardine says

Everybody caught in this net will be pardoned. Everybody.

"I'm so certain of this I posted this in three threads to make sure everyone can see how certain I am! I must beat back this paid shill Rew! I alone must defend Trump!"

Ok, just in case anyone would miss it, i added some multimedia...

Rew says

"I'm so certain of this I posted this in three threads to make sure everyone can see how certain I am!

Rew says

GOP continues attacks on their own CBO official as well.

Speak of the devil. 22 mins ago this posted. For those paying attention, when the White House says things like this about it's own findings, it says much about this little democratic project of ours we call "America".

www.youtube.com/embed/dDvoGp_fd6I

BlueSardine says

Ok, just in case anyone would miss it, i added some multimedia...

Good plan. You are looking steadfast and calm. Carry on trooper.

Edit: I do love the media choice used as well! :)

innaccurately : Trump's finger prints couldn't be clearer.

HAHAHA! The White House pulled the video immediately!

BOOM!

Hehehe ... We made you fix your spelling!

www.youtube.com/embed/fPixk9_wgZk

Clearly, the Russia narrative is dead. Nobody is talking about it anymore. There is NO evidence of any wrongdoing after 1 yr of investigation. Zero chance of any wrongdoing. Move along.

Clearly, the debt shot up under Obama, because of Obama's new spending. So what if Obama inherited a deficit of 1.4 trillion, which is about 7 times the highest pre 2000 US deficit ever. So what if he reduced the deficit by 70% while slowly pulling us out of the biggest financial crash in 100 years. So what if we pulled out of it much better than other countries. Do you see that chart with the cropped axis that Goran posted? Clearly, it wasn't because of all of the spending and tax cuts that Bush gave us. Everyone knows that tax cuts always raise more money than they cost!!!!! Clearly, it was the tax and spend liberal who is just like Bush by the way!!!!

Found on Twitter:

"Be especially careful to...distort the meaning".

'Nobody' is talking about Russia.
'Everyone' is talking about that Marine who lost his hat.