It also presumes that no additional money will be pumped in after this Stimulus Act is passed, to keep those programs going, but we all know that isn't likely.
Thanks for breaking it down a bit. I think that would be much lower than reality.
Beach Runner, keep in mind that George W Bush greased the wheels back in Feb 2008 with that first stimulus act, then he pushed through the $350 Billion, and led the way for Obama to slide on through without any problems, though there is much outrage from many people. Republican or Democrat, it doesn't matter because they are politicians and the only visible difference to me is who's friends get the money which gov't throws away.
I like to break this spending down to some basics. Think about how this spending policy would work on an individual level. You already have $15,000 in credit card debt, you have a note on your house and your car, and your employer just announced that it would have to lay you off. Someone approaches you and offers you some money, but with big ties and interest needed to be repaid. However, part of the deal is that you cannot default on repayment -- just not an option, and you cannot declare bankruptcy. Do you take that money, having to work the rest of your life to pay it off, and then pass on any remaining debt to your children and grandchildren?
Are you serious? We're all screwed.