NEW YORK (CNNMoney.com) - The amended economic recovery bill that the Senate is expected to pass on Tuesday would increase the deficit by $838 billion over 10 years, the Congressional Budget Office estimated on Monday.
That is less than the $885 billion the CBO estimated the original Senate bill would cost last week. But it's still larger than the roughly $820 billion stimulus bill passed by the House two weeks ago.
Republicans and some Democrats criticized the size of the original Senate package.
Sen. Susan Collins, R-Maine, and Sen. Ben Nelson, D-Neb., led a small, bipartisan group of senators last week to reduce the price tag by roughly $100 billion.
From CNN Politics
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This is a sad day for America. I fear that my children will not enjoy the same great country that I have enjoyed.
This is insane. Judging by this bill, how can this country NOT be on its way to economic collapse?
That's 100 billion in infrastructure jobs taken out, and about 38 billion in tax cuts on capital gains put in. Good one, Republicans.
I don't give a RATS behind if this bill costs A TRILLION..... if it will put millions of families back to work. I support it and feel it's worth every penny!! I don't mind paying a little more in taxes if it will help put my fellow Americans back to work so they can support their families, and help dig us out of this hell hole.
Having wealth is a blessing, it's not right. GOD giveth and GOD can taketh away.
So? Bush raped this country and now Repubs worry about helping out the average citizen???? I say just vote yes and get on with it. This country needs the shot in the arm right now. So the Republicans put in tax cuts and put a price tag on it and call it spending ? Is that creative accounting? The Repubs are pushing their luck right now. Just vote YES!
Thank you Democrat and Republicans, for working things out in the end. All is well that ends well. We have a long ways to go, but I have a feeling this is a good sign of good things to come. Plus, I know I am getting tired of being angry and negative. It takes a lot of energy.
As long as the republicans didn't get to take out the things that would create jobs, and help states, I say good job Mr. President. See, republicans think there so politically slick as to make things like education, and building schools, and money for states seem like pork, because they know it would help the economy and make obama and the dems look good. They know tax cuts won't work, that's why they fought so hard to put them in. When will people realize that republicans are the decay of this country? When will we get rid of these no nothings for good? Maybe 2010 will be the dawn of a new day in america? We can only hope.
Better to spend money you don't have on projects that help people inside the country than to wage a useless war. Anyone who opposes the stimulus and supported the invasion of Iraq has misplaced priorities, in my opinion.
Truth commision Yes
Susan Collins, Olympia Snowe, and Arlen Spector:
You are done.
Pack your bags.
We will remove you.
Stop focusing on the cost of the bill and start focusing on the content. Some key provisions that would stimulate the economy were reduced by a mere three people and they are claiming a bipartisan effort. The Repubs had no problems endorsing the Bush proposals costing far more than this package. This is outrageous.
I am disappointed in the educational funding removed by the republicans; and the money sent to big business as usual? will they every concern themselves with the "American People" who voted them in office? The GOP Needs To Dismantel & Regroup with Real Life Issues and Values
At least the republicans managed to get some of the pork out.
Someone has to keep this administration straight
Collins, Nelson and Snowe are democrats in reality. I would like to see the bums kicked out of office and put real democratics in there. At least we would know where they are coming from and would not sell their soul for thirty pieces of silver, aka their political seats. You have to stand for something or you will fall for anything!!!!!!!
correction spector from pa
arithmetic is liberal – don't forget the democrat MORONS holding the majority in congress who wanted billions of dollars for sod and birth control. YEAH that'll work.
HELP IS ON THE WAY!!!
Since tax cuts do not necessarily help in the creating of jobs, care should be taken to ensure that this large tax cut achieve its purpose. We voted to repeal the tax cuts of the Bush era, not to give more to the rich.
Way to mortgage my future for something that's not going to work. This so-called stimulus bill has disaster written all over it.
Whatever happened to Obama's campaign speech saying that he's going to eliminate programs that aren't working so that every dollar he spends is in fact a net cut? Where's the cuts Barack? Or did you just say it to get elected?
Thank goodness the ladies from Maine stepped up, or we wouldn't have a bill at all.
Go figure!
THIS A DOG OF ALL DOGS ... SAME ON YOU SENATE
Bravo to 3 Courages Republicans who can see reasons as opposed to sticking to OLD FASHION IDEAS.
ALL REPUBLICANS NEED TO LEARN FROM THESE THREE FOLKS.
WAY TO GO SENATORS.
Like the energizer bunny, this bill keeps growing and growing and growing...and like the usual Washington rehetoric....there is a whole lot of talking going on (including tonight's upcoming infomercial) but nothing is really being said that anyone can understand.
So what did the Sen. Collins actually do? How did she in the end "cut" $100 billion from the bill, in the Senate version is $18 billion higher?
Ah, it's only 18 billion. Of someone else's money. I don't care. In fact, since it's basically ALL somebody else's money, I suggest they raise the package to an even higher amount, say, fifty trillion. Then we'll REALLY be stimulated!