Study: Total Tab for Stimulus Since 2008 is $2.5 Trillion

Tuesday, August 7th, 2012 and is filed under Debt, News

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The cost of Obama’s signature stimulus bill was $834 billion (although it tops $1 trillion when interest on debt is factored in).  However, have you ever wondered how much money Bush and Obama have spent on Keynesian stimulus policies since the beginning of the recession in 2008?  Cato has done an analysis on roughly 15 pieces of legislation that were passed under the guise of economic stimulus.  They found that we’ve spent $2.5 trillion based on the notion that government can revive an economy.  Well, we can see the success of those results.  Think about this for a moment: we could have literally flushed $2.5 trillion down the toilet and enjoyed the same rate of success.