Stimulus Bill May Cost $75 Billion More

Stimulus Bill May Cost $75 Billion More

POSTED: Tuesday, January 26, 2010 - 4:00pm

UPDATED: Wednesday, February 17, 2010 - 3:26pm

WASHINGTON (AP) - Last year's $787 billion economic stimulus
bill is going to be even more expensive - $75 billion more.

That's the finding in a Congressional Budget Office estimate of
the costs of the economic stimulus bill, which mixed tax cuts and
lots of spending in an effort to jump-start the economy.

The reason for the higher estimate of the recovery bill's price
tag is chiefly that unemployment benefits are costing more. Plus,
stimulus-subsidized bonds to pay for infrastructure projects are
more popular than expected with state and local governments.

Republicans have long blasted the stimulus for being long on
spending and short on creating jobs as promised. Democrats say it
has helped keep the economy going and has produced up to 2 million
jobs.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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