Obama's 'Stimulus' Package Will Cost Over a Trillion

WaPo's Robert Samuelson spills the beans:

 The White House says President Obama’s new program of tax cuts and spending increases — a.k.a. stimulus — will cost $447 billion. Well, not exactly, says a leading economist. The actual cost would probably range between $1 trillion and $1.5 trillion over a decade. If he’s correct, the addition to the federal debt would be much higher than advertised.

This message is from Michael Mussa, a former chief economist at the International Monetary Fund who’s now at the Peterson Institute for International Economics...

Mussa says, Obama’s new stimulus would probably be phased out over a number of years, raising its full cost well beyond the one-year figure. The president has said the program would be paid for by additional future deficit reductions, but it’s unclear whether his pledge covers these potential costs.

Bottom line: The President's plan is nothing but a further expansion of big government and big government spending.

And there you have it all in government, including the President, talk about spending cuts in terms of what they are going to cut over 10 years, but when it comes to spending, as Mussa points out, Obama is only talking about current year spending. Slick.