Changes

The Heritage Foundation says, "But government spending plans do not stimulate the economy. They are based on the idea that feeding “new” money into the economy will create economic growth.  But the money isn’t new—it’s either taxed or borrowed. It's essentially redistributed from one group of people to another, and no new money is created."<ref>See [http://www.askheritage.org/Issues.aspx?ID=41 Heritage statement]</ref>  

The Heritage Foundation says, "But government spending plans do not stimulate the economy. They are based on the idea that feeding “new” money into the economy will create economic growth.  But the money isn’t new—it’s either taxed or borrowed. It's essentially redistributed from one group of people to another, and no new money is created."<ref>See [http://www.askheritage.org/Issues.aspx?ID=41 Heritage statement]</ref>  

The [[Congressional Budget Office]] says $347 billion more in interest will be the result, which brings the total plan over 1 trillion dollars.<ref>[https://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/ "Special-Interest Groups Line Up for a Piece of Stimulus" Fox News, Jan. 28, 2009]</ref> According to the CBO analysis, timely spending of the money will be hampered by bureaucratic delays of up to two-years and the inability of state and federal agencies to efficiently and effectively spend the massive inflows of new money.<ref>[http://www.cnsnews.com/public/Content/Article.aspx?rsrcid=42725 "Almost Half the Spending in Stimulus Bill Would Not Happen for at Least Two Years, Says CBO Analysis," CNSNews, January 29, 2009]</ref>

The [[Congressional Budget Office]] says $347 billion more in interest will be the result, which brings the total plan over 1 trillion dollars.<ref>[http://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/ "Special-Interest Groups Line Up for a Piece of Stimulus" Fox News, Jan. 28, 2009]</ref> According to the CBO analysis, timely spending of the money will be hampered by bureaucratic delays of up to two-years and the inability of state and federal agencies to efficiently and effectively spend the massive inflows of new money.<ref>[http://www.cnsnews.com/public/Content/Article.aspx?rsrcid=42725 "Almost Half the Spending in Stimulus Bill Would Not Happen for at Least Two Years, Says CBO Analysis," CNSNews, January 29, 2009]</ref>

House Republicans proposed a bill tilted more sharply toward tax cuts, which they say will generate the most economic activity the fastest. Their substitute proposed cutting individual and business taxes as well as reducing much of the bill’s spending; it was rejected by a party-line vote of 170-266. The failed GOP measure totaled about $479 billion, a little more than half the total passed by the Democrats.

House Republicans proposed a bill tilted more sharply toward tax cuts, which they say will generate the most economic activity the fastest. Their substitute proposed cutting individual and business taxes as well as reducing much of the bill’s spending; it was rejected by a party-line vote of 170-266. The failed GOP measure totaled about $479 billion, a little more than half the total passed by the Democrats.