Wednesday, January 28, 2009

Can you afford?

Heritage Foundation estimates the amount the new stimulus plan will cost American families.

If all families were asked to equally shoulder the burden of the $825 billion “stimulus” package, it would be like asking them to take on an amount of debt equivalent to what they spend on food, clothing, and health care — or most of what they spend on shelter — for an entire year.
The Philippine Congress finally passed the 2009 budget that also includes a stimulus plan. What would it be worth for us here? Methinks, it would not be as much as in the US. Good luck to us all.

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