Wednesday, December 15, 2010

Cost Of Obama's Latest Bill = $1 Trillion

Barack Obama

The price tag on President Barack Obama's latest initiative is ringing up at an enormous $900 billion dollars. The measure has passed in the Democrat dominated Senate and now faces the Republican led House of Representatives. As if the national deficit has not taken enough of a beating and toll on the economy. This latest sum is going to send it up even higher and damage the dollar and nation's international financial ratings.

STORY SOURCE

Tax cuts move ahead in Senate

Dec 14, 2010 01:26AM - WASHINGTON — The controversial $900 billion tax package President Obama negotiated with Republicans cleared a major hurdle in the Senate on Monday, setting the stage for passage later this week. The fate of the legislation in the House is uncertain.

http://www.suntimes.com