December 19th, 2008
04:20 PM ET
5 years ago

House Democratic aide pushes back on $850 billion figure

(CNN) – Senior Democratic staffers from House and Senate leadership offices and key committees met Friday's with senior aides on the Obama transition team to discuss the broad outlines of an economic stimulus package, according to one senior Democratic congressional source.

This House aide said leaders and staff have had frequent discussions with the Obama team about the stimulus over the last couple of weeks, but the latest was far bigger. “We presented them with our ideas and they talked to us about their ideas.” The discussions will continue next week, with some paper exchanged between the Hill and the transition office.

The aide insisted no decisions have been made on the price tag, and pushed back on the higher numbers floating around on the stimulus, which have ranged from $850 billion $1 trillion. “It's not going to be that. I just don’t see it going up to $850 billion,” said the aide, who pointed to the range cited by House Speaker Nancy Pelosi earlier in the week - $500-600 billion - with a majority of the money devoted to infrastructure projects, and the rest designated to fund a middle class tax cut.


Filed under: Congress • economic stimulus • Obama transition
soundoff (18 Responses)
  1. naqib

    Reagen left us 3 Trillion in debt
    Clinton left us 5.5 Tillion in debt
    Bush will leave us 10 Trillion in debt

    When does it stop?

    December 19, 2008 05:34 pm at 5:34 pm |
  2. BUSH BEGONE

    So, what is the point of the blue ribbon economic team if some nobody in Congress thinks he knows better and now thinks he alone knows what is best for economy?

    Does anybody in Congress think anymore???

    December 19, 2008 05:34 pm at 5:34 pm |
  3. No incumbents 2010

    $350 billion in 77 days and another $500-600 billion in the future.

    America please remember this come 2010. Kick 'em ALL out!

    December 19, 2008 05:34 pm at 5:34 pm |
  4. BUSH BEGONE

    So, Obama puts this blue ribbon economic team together and this nobody in Congress thinks he knows best and wants to ignore the recommendation of the team???

    Does anyone in Congress THINK, or is it all limited to involuntary brain stem functionality???

    December 19, 2008 05:40 pm at 5:40 pm |
  5. ran

    Unless my adding is wrong. If we gave every citizen over 21yoa $1million it would cost only $200million to get us the people out of this mess over night.

    December 19, 2008 05:42 pm at 5:42 pm |
  6. Texas Teacher

    I'm out of here.....

    December 19, 2008 05:56 pm at 5:56 pm |
  7. No incumbents 2010

    To ran: Your adding is wrong. There are more than 200 adults in America.

    December 19, 2008 06:17 pm at 6:17 pm |
  8. An American Patriot

    This will be the "Mother of all Pork" programs.

    Infrastructure? How many people does a bridge employ once it is built?

    Try creating some products, and wealth, and jobs. One time "stimulus" packages are just that.

    And they dont work

    Down With Pork!

    December 19, 2008 06:44 pm at 6:44 pm |
  9. alvino

    Ran,

    Check your math.

    December 19, 2008 06:52 pm at 6:52 pm |
  10. Jim Doyle

    Ran – your math is way off. If you gave 200 people $1million each, it would cost 200 million.

    Naquib – I'm not sure how much debt Reagan left us, but Clinton left us with a surplus.

    What are you guys smoking?

    December 19, 2008 06:54 pm at 6:54 pm |
  11. Mike,Oklahoma City

    naqib, just a point Clinton did leave in debt but what you missed was Bush Sr. and the fact that Clinton was actually paying down debt and left congress and the American people with trillions in surplus to be dwindled but the MBA president Bush that apparently doesn't know how math works.

    December 19, 2008 07:06 pm at 7:06 pm |
  12. Walt D

    So when did this aide acquire so much greater knowledge then a blue ribbon economic team. Or we going to revert back to the Bush years when ideology and personal opinion trumped intelligence?

    December 19, 2008 07:09 pm at 7:09 pm |
  13. Michael

    Yes, ran, your math is wrong. You forgot six zeros ($200,000,000,000,000).

    December 19, 2008 07:33 pm at 7:33 pm |
  14. Armando

    We need to vote out all of these clowns in 2010 and replace them with people who will actually uphold the constitution as they have sworn to do. Borrowing and spending got us into this mess. It's not going to get us out. Basic economics and even more basic common sense. Oh but it's all about jobs. haha that won't matter when bread is 10 bucks a loaf.

    December 19, 2008 07:35 pm at 7:35 pm |
  15. Look ALIVE!

    IMO ~ Bailout + Stimulas package = Spread the wealth. No, Obama is right, that IS the way it has always been. Let us just see if THIS TIME it gets spread around to the "little folk". We Americans who see their "package deductions" in our paycheck every pay period! And another thing while I have your attention,...What about that BAILOUT of Citi while credit card "rate-jacking" is going on! And NOW IT AFFECTS ME!!! I have ALWAYS piad my bill ontime etc, etc, etc according to the "little words @ the bottom so outta site anyone smart would read them, but!!!... " highway robbery/loan shark...

    December 19, 2008 08:02 pm at 8:02 pm |
  16. Grant in Canada

    ran,

    Your math needs a little work. If you give 200 million people (200,000,000) over the age of 21, 1 $million each ($1,000,000) it adds up to 200,000,000,000,000. That number can also be expressed as 200 million, trillion dollars.

    Some people would call that 200 quadrillion, quite a bit of money.

    December 19, 2008 08:26 pm at 8:26 pm |
  17. vincent

    what the united states goernment is doing by bailing out wall st and private enterprize is condeming its citizens to poverty for generations to come. But washington is really cutting off the hand that feeds it and sooner or later will go down with the rest of us.

    December 19, 2008 08:56 pm at 8:56 pm |

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