Page 19 - 862 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hasn't then tells his constituents, i hope we get this grant to build high speed rail in the district. in alabama we call that hi pock kricy. >> there's more bickering over the bill yesterday, now estimated to cot taxpayers $862 billion. jim acosta is live in washington for us this morning. >> reporter: just because the stimulus is one year old doesn't mean the democrats and republicans have stopped fighting over the program after spending weeks on its heels over the stimulus, the white house is trying to play offense. one year out and the president and his cabinet were in campaign mode still ...

The stimulus package. depending on whom you listen to, it's either been a qualified success or an unqualified failure. senior white house correspondent major garrett rounds up reaction. >> reporter: president obama knows america doesn't feel much like celebrating the one-year anniversary of the stimulus. >> let's face it, no large expenditure is ever that -- [ inaudible ] >> reporter: it was large. now the c.b.o. says the real cost is $862 billion. thanks to an unexpected spike in spending on jobless benefits and food stamps, the very things the stimulus was supposed to tame. white house econo...

Anymore. it's now an estimated $862 billion. i'm sure he's aware that the c.b.o. updated his own number. he's ignoring the giant rottweiler attached to his leg. just saw it a minute ago. is that a giant dog on my leg? with a do you do? well, if this is your case, you have to make an enemy of the crazy skeptics. >> for those skeptics who refuse to believe the recovery act has done any good, continue to insist that the bill didn't work. >> glenn: that's me. no look. >> take the argument up with his employees. >> glenn: who? >> take the argument up with chuck and his construction workers. >> glen...

2009, which was worse than the top line of the graph, as you said, 10% unemployment, what does that mean, that we were in a great depression squared last year? look, all of this is by her bow lee nonsense ad hoc numbers. the only hard number in all of this is the amount spent on the stimulus. that's the only real number which the c.b.o. has told us is now up to 862 billion. it will be a trillion with all the interest. and we know that that is going to have a real effect, meaning it's going to increase our debt payments, interest, payments and interest rates in the future. that's a fact. everyt...

You're saying. we're going to start off taking a look at one thing that president obama said a year ago. >> i hope this investment willig night our imagination once more spurring new discoveries and break throughs in science and medicine and energy to make our economy more stronger and our nation more secure and our planet safer for our children. >> now, long term how this will play out obviously we don't know yet. we have been reporting at the stimulus desk that those types of projects have gotten some funding. what a lot of people don't realize is where this money is really going. first of a...