Paul Ryan and the $3.27 Trillion Stimulus

This nightmare of a stimulus bill created by the Democrats and Barack Obama is bringing out the best in some of our leaders.

Paul Ryan is a standout.

As the Dems go off the deep end with Obama leading the charge, Ryan is a voice of reason.

He is calling the stimulus what it is -- a "bloated porkfest."

Of course, some hard Left extremists like, Chuck Schumer, mock this opposition.

"And let me say this to all of the chattering class that so much focuses on those little, tiny - yes - porky amendments: the American people really don't care," Schumer declares. Wrong.

At least a sizeable portion of the American people care a lot.


Ryan says the bill will 'raise the deficit, it will raise borrowing costs, it will lead to raising interest rates, which are economically self-defeating.' "

More from NewsMax:

Having met with President Obama with other members of Congress, Ryan believes that the Democrats are mostly “focused on ideology, doctrine, and rewarding spending constituencies by satisfying all this pent-up spending demand that they’ve had for many years. This bill is more about the spending on pet projects that they’ve wanted to spend on for some time than on actually growing the economy.”

Ryan thinks the Democrats are aware of that, and that is why they want Republicans to back the bill, so Republicans can “share in the blame if it’s not working. But we’re not going to fall for that.”

In the end, Ryan says, “I think the bill will make matters worse. What’s shameful about this situation is our economy is in real trouble. And I do believe a fiscal response is necessary. But we should do a fiscal response that works, not one that has proven to fail every time it’s been tried.”

Ryan has good reason to believe the Dems' bill will make matters worse.

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.

The $800 billion pricetag that the Dems and their mouthpieces in the lib media keep repeating is a bargain compared to the true cost of the stimulus -- $3.27 trillion.

This is a disaster.

Republicans would be crazy to sign on to this Dem monster.