Saturday, October 4, 2008

Rescue law 101: What it says - Oct. 3, 2008

money.cnn.com:

"The Congressional Budget Office said it cannot estimate the net budget effects of the troubled asset program because of the many unknowns about that piece of the bill. However, the agency noted in a letter to lawmakers on Wednesday, it expects the program 'would entail some net budget cost' but that it would be 'substantially smaller than $700 billion.'

Overall, the CBO said, 'the bill as a whole would increase the budget deficit over the next decade.'"

Woo. And hoo. 

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