Page 22 - 862 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Again. >> but if that's the case, in 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...

The massive $862 billion stimulus that was signed one year ago tomorrow. this is according to recovery.gov. what you see is according to those who are out spending this money, $7.3 billion, they say 20,000 jobs have been funded in the latest quarter by that amount. so what you get here, tony, is kind of a debate. you do have the administration and others who say, look, this is helping a lot. they say this is just a tiny chunk of what the reality is because you also have tax benefits and you have all these people out working and buying supplies for their jobs which means more and more jobs but ...

Plants, tony, so they save plant bottle right. here. there's this major green move from corporations on down at the olympics this year, tony. >> poppy, appreciate it. how much does it really cost to put on the games? >> $1.8 billion, and that does not even include the infrastructure in vancouver or building all of those stadiums. we're talking billions here, tony. >> that is great. poppy, have a great weekend, appreciate it, thank you. >> thank you. time to check in with josh levs here at the stimulus desk, and today we're talking about, what, josh, a major chunk of change -- >> uh-huh. >>--...

>> reporter: a little bit. because of all this weather we decided to look into that. there are some examples, in fact some snow plows and that kind of thing. we have some pictures from washington. we are piecing through all sorts of different projects. i'll remind everyone, $862 billion in the giant stimulus that passed last year. about $160 billion went to projects, grants. and there are some places that got money for all sorts of transportation needs, including in some cases work on roads, working with snow plows, deicing machines, so we are seeing some of that money go there in some localit...