CBO Report Debunks GOP’s Stimulus Talking Point

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Remember last week, when Republicans were beating their chests over a Congressional Budget Office report that showed 64% of the money in the House stimulus bill would be spent during the first 18 months after its enactment?

After all, the GOP told us in no uncertain terms, the Obama administration had vowed to spend 75% of the stimulus in 18 months — so the 64% spend-out rate of the House bill represented total failure.

Given that agita, one wonders how the GOP will respond to the CBO’s newest report on the Senate stimulus bill. The budget office found that $694 billion of the bill’s total $884 billion cost would be spent during the first 18 months after enactment, or a spend-out rate of 78%.

By the Republicans’ own metric, that makes the bill a smashing success! Does that mean you’ll promise not to filibuster it, guys?

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