According to the Congressional Budget Office (CBO), the small-ball initiatives that President Obama will propose tonight in his "Jobs Address"
will cost roughly $300-$400B. However, due to the fact that President Obama is choosing to lay out a distinctly bipartisan plan instead of a dramatic liberal jobs agenda, much of the proposed legislation is comprised of - you guessed it - tax cuts!
And we know from our favorite congressional Republicans, that tax cuts
that they propose, don't qualify as government spending! Tax cuts merely allow you to keep more of your
freedom money, that you earned. And luckily, none of that money
that you consented to spending by voting for representatives who spent it on political priorities you agreed with is currently allocated to funding
two and a half (Libya) wars, social security payments, medicare payments, an unpaid prescription drug bill, aging infrastructure, increased veterans healthcare benefits due to said wars anything at the moment.
So forget that big
fairly modest amount considering the high unemployment figure number! When all is said and done Republicans will not agree to the $130B in infrastructure spending which will actually do more to create jobs than any other stimulative policy, as today's
CNN article on the stimulus stated,
"The nonpartisan Congressional Budget Office estimates that the parts of
the program that got the most criticism -- actual spending on projects
and aid packages -- was the most effective in creating jobs." (emphasis mine)
So of the roughly leftover $170B in tax cuts, by the Republicans own logic will cost the government $0, because it won't be
spending any money.
So sit back, relax, and enjoy your $0 stimulus. It's not costing you anything.