Page 5 - 179 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Here on your screen is how much money has actually been spent from the total. $119 billion have already gone to tax cuts and $179 billion have already been paid out. and that includes -- $31 billion on projects. the things we talk about the most, road projects, science projects, these kinds of things, we're seeing $31 billion in total that's actually been spent on those kinds of projects, and that what we're breaking down for you here at the stimulus desk. >> what about jobs? >> jobs is the biggest thing a lot of people want to know about. what we hear from the administration a lot of the time...

But most of it is tax cuts and unemployment benefits, and you have $119 billion in tax cuts going out and $179 billion in additional spending happening including $31 billion on projects, so that is how much has hit the economy so far. >> thank you, josh. we want to have a conversation about the recovery act and the stimulus bill, and when it comes to the investment act the white house says we haven't seen nothing yet. spending in year two is set to increase, and the more money for reinvestment projects as opposed to short-term aid. in year one where we have been in, job loss has slowed to a re...

[ applause ] >> reporter: he wasn't campaigning for deficit deal. the word "super committee" never crossed his lips. instead he pushed congress to vote for key part of his jobs bill. payroll tax cut extension. on a day the gross domestic product was revised downward. the government saying the economy grew at a rate of 2% from july to september. sharply lower than the initial estimate of 2.5. >> in the spirit of thanksgiving, we are going to give them another chance. next week, they are going to get to take a simple vote. if they vote no again, the typical family taxes will go up $1,000 next ye...