Interest Expense: Bailout Edition
Rep. Paul Ryan (R-Wisc.) got curious about the costs of borrowing all those hundreds of billions in stimulus bucks. He had the Congressional Budget Office crunch the numbers:
The debt service alone from the stimulus will cost about $347 billion over the next 10 years.
That’s more than $3,000 per American household.
A Little Something to Stimulate Your Interest – Reason
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