The budget office found that $694 billion of the bill's total $884 billion cost would be spent during the first 18 months after enactment, or a spend-out rate of 78%.
By the Republicans' own metric, that makes the bill a smashing success! Does that mean you'll promise not to filibuster it, guys?
Tuesday, February 3, 2009
CBO: Stimulus bill to deliver within 18 months
TPM points us to the new release from the CBO on the bill in the Senate which states that 78% of the funds will have an economic impact within 18 months. Last week the GOP was having conniptions because the previous report on the House bill promised just 64% delivery in 18 months, far short of Obama's own metric of 75%. TPM asks the obvious question,