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SPECIAL REPORT

TV Mentions Of Disputed CBO ‘Report’

By Matt Corley on January 26, 2009 at 6:09 pm

"TV Mentions Of Disputed CBO ‘Report’"

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1) CARL CAMERON: On the economic stimulus, which is dominated the headlines and the agenda for the Democratic majority in Congress as well as the incoming Democratic president; there’s a Congressional Budget Office report out today that suggests that the $825 billion stimulus proposal from Democrats, which is supposed to be timely and temporary, actually offers most of its spending a couple years from now, only 7 percent, about $20 billion will be spent this year.

The vast majority of it will not be spent until 2010, 2011, and 2012. It is already raising questions with Republicans about whether or not Democrats are actually proposing a stimulus, or just more spending. Now there’s a Congressional Budget Office report, a non-partisan report, that suggests that the spending will come in the out years, in the vernacular, not immediately, Bret. [Fox News, 1/20/09]

2) BRETT BAIER: Yes. Fred, only $26 billion out of $274 in infrastructure spending would be delivered into the economy by September 30th of the budget year, just 7 percent according to the CBO, less than 4 billion would reach the economy by September 2010. [Fox News, 1/20/09]

3) REPORTER: They are separate from the conversations going on internally about the stimulus plan, which is probabl going to get through congress by mid-February. But if the CBO, the Congressional Budget Office, is to be believed, it doesn’t carry nearly as much direct, ready-made, job-creating spending as has been so far advertised by those on the Obama team. In fact, the Congressional Budget Office, a neutral observer in such matters, says the spending probably won’t create jobs for one, two, maybe as long as three years. [Fox News, 1/20/09]

4) SHEPARD SMITH: The Congressional Budget Office now says part of the President’s stimulus plan may not do too much stimulating, at least not right away. [Fox News, 1/20/09]

5) JIM ANGLE: No, they gave him some very bad news today on the effect of the stimulus plan that he hopes going forward — at least the one the house has approved so far. Now the CBO, which is the nonpartisan Congressional Budget Office, offered its assessment of how quickly that money would flow into the economy and the news is not good. [Fox News, 1/20/09]

6) MORT KONDRAKE: But the roads and bridges in that kind — that part of it, that is stimulus. And it looks as though, based on this report, it’s not going to work. And Peter Orszag, the incoming budget director is — has been the director of the CBO, the Congressional Budget Office, this is his product. [Fox News, 1/20/09]

7) CHARLES KRAUTHAMMER: In three hours, the reality is going to set in. He will be the president. He’s going to have to make all these decisions. And I think it is interesting what you mentioned, the Congressional Budget Office releasing numbers which would imply that the entire idea of the stimulus is wrong. It’s a rather big story. And, of course, it was the buried in all the hoopla and the excitement over the inauguration. [Fox News, 1/20/09]

8) CHRIS WALLACE: Let me ask you, Neil, about this because the Congressional Budget Office, the bipartisan agency which works for Congress came out with some numbers today [Fox News, 1/20/09]

9) NEIL CAVUTO: But having said that, I think one of the things that’s interesting here is the CBO is saying, “Look, the bang for this buck presumably might be far off.” And that the funds appropriated thus far, barely 7 percent, will be reaching the desired hands, so to speak, by the end of this year. So, that means 93 percent of it in outgoing years. And some of the big technologies that have been talked about, the green technologies you heard a lot about, that might be two years off. [Fox News, 1/20/09]

10) BRETT BAIER: Yes. I mean, I talked to senior advisor, David Axelrod today, he feels confident that they’re going to get it through. However, he was taken aback a bit by the Congressional Budget Office questions and numbers that came out yesterday and talked about today on inauguration. [Fox News, 1/20/09]

11) BRETT BAIER: We lost the audio there, a great family, Bill Hemmer on the mall. We will get head back to him in a little bit. Let’s take a moment to get some more thoughts from the panel, Fred, Nina, Charles and Mort. Charles, you just heard David Axelrod and obviously this day is about the tradition and the history and the amazing shots of all these people on the mall. But you talk about the realities with the stimulus package and these numbers from the Congressional Budget Office. What about that? [Fox News, 1/20/09]

12) CARL CAMERON, FOX NEWS CHIEF POLITICAL CORRESPONDENT: Hi, Bret. Well, tomorrow the House Appropriations Committee, the committee that deals with spending will start its legislative work on the $825 billion spending proposal, that stimulus proposal that Democrats have been offering. And in the Appropriations Committee, they’re talking about some $360 billion that would come out of the committee and the Congressional Budget Office, a non- partisan organization, has actually done what they call in the parliaments (ph), the scoring of it, which is to say an analysis, and it has some information that Republicans have seized on to immediately attack. [Fox News, 1/20/09]

13) BRETT BAIER: You mentioned the realities of the office setting in, especially on the economy. Today we see a story that really wasn’t covered. The Congressional Budget Office yesterday put out figures in estimate of the infrastructure spending in the proposed stimulus package that House Democrats, at least, have laid out. And it says that less than half of the $30 billion in highway construction funds, for example, would be released into the economy over the next four years. That’s from the CBO. Less than 4 billion (dollars) in highway construction would reach the economy by 2010 and only one in seven dollars of 18.5 billion (dollars) investment in energy efficiency and renewable energy would be spent within a year and a half. [Fox News, 1/20/09]

14) Jim Angle: Republicans armed with fresh ammunition from the nonpartisan Congressional Budget Office are complaining this huge amount of money won’t create the jobs it’s supposed to. A CBO preliminary analysis found that infrastructure spending, such as construction and repair of highways and schools, will hit the economy much more slowly than anticipated. Republicans intend to amend the bill because some of the money wouldn’t be spent, according to the CBO, for as long as 10 years. They say that doesn’t look like stimulus to them. [Fox News, 1/20/09]

15) JIM ANGLE: What prompted Republicans to press the matter was a preliminary report from the non-partisan Congressional Budget Office saying money for such things as construction and repair of highways and schools will only drip into the economy instead of gushing as intended. [Fox News, 1/21/09]

16) JIM ANGLE: The Democratic proposal sets aside $358 billion for new infrastructure projects. Even though Speaker Nancy Pelosi says such spending should be timely, temporary and targeted, the CBO analysis found that the current bill is none of those things. [Fox News, 1/21/09]

17) BRIT HUME: That has been underscored by that Congressional Budget Office report we’ve been talking about that found that only about a third of the money proposed would be spent in the next two years. And one Republican congressman did the math and found that if even you accept the sponsor’s estimates of the jobs created by this current plan, you end up with each one costing about $223,000. That’s about four times the normal cost of a private-sector job. [Fox News, 1/21/09]

18) SEAN HANNITY: The Congressional Budget Office has already released numbers this week that have raised concerns about how effective this plan might be. We’ll have more on that in “HANNITY’S AMERICA” in just a few minutes. [Fox News, 1/21/09]

19) SEAN HANNITY: Tonight, it’s still your money segment as brought to you by Obama stimulus package which isn’t looking like much of a stimulus after all. Now the nonpartisan Congressional Budget Office predicts less than half of the $350 billion allocated to infrastructure projects will be spent in the next two years. [Fox News, 1/21/09]

20) CARL QUINTANILLA: One more sign of the times, you could argue, isn’t that right? Stimulus might not get the same treatment though, right? We got the CBO report out today saying a lot of these stimulus that we were hoping would jump-start the economy, now, not just second-half projects but more 2010 projects. [CNBC, 1/21/09]

21) ANDREA MITCHELL: — and how the stimulus package should be divided. Some arguments in the Senate Finance Committee today as the Tim Geithner confirmation hearing — that even the Congressional Budget Office is very skeptical about the rapidity with which that stimulus, this set of proposals, can move through, and that it could be four years before we see the results. [MSNBC, 1/21/09]

22) ANDREA MITCHELL: Congressman, just one last thing. The House Republicans have now, in writing, requested a meeting with the president tomorrow about the stimulus package and their concerns about the Congressional Budget Office. Do you think that that’s a good idea? Do you think that it — they’re pressing him too soon, too hard? Or do you think that that’s, you know, the right way for the process to proceed? [MSNBC, 1/21/09]

23) REP. ERIC CANTOR (R-VA): Unfortunately, here on the Hill, what we’re seeing now is the congressional Democrats propose massive amounts of spending that — in fact, today the Congressional Budget Office came out with a report; said that it’s just not stimulus. It won’t help the economy grow. So I’m hopeful we’ll be able to work very closely with the — President Obama in making sure we get a real stimulus bill. [Fox News, 1/21/09]

24) JOHN ROBERTS: Well, certainly, he’s getting some resistance on his economic stimulus plan. He’s getting a lot from Democrats, the economy issue number one here. The Congressional Budget Office yesterday issued an analysis that said that the spending on infrastructure projects is not going to have an impact on jump- starting the economy for years. [CNN, 1/21/09]

25) BRIANNA KEILAR: House GOP leaders have seized upon a new report by the nonpartisan Congressional Budget office that shows many of the Democrats’ so-called shovel ready infrastructure projects won’t get started until 2011. [CNN, 1/21/09]

26) STEPHEN HAYES: Well, that was a result of a Congressional Budget Office study that suggested that a lot of the spending was pushed too far back into 2010 and beyond even to have any real stimulus effect to the economy. [CNN, 1/21/09]

27) JONATHAN KARL: Geithner said he’s confident the $825 billion mix of spending and tax cuts will get the economy moving. But Republicans seized on a new report by the Congressional Budget Office that says much of the construction money in the bill won’t be spent until the end of 2010. [ABC NEWS, 1/21/09]

28) ANDREA MITCHELL: …that finance committee hearing with Tim Geithner is a Congressional Budget Office study that says that only half of the stimulus projected would kick in — and not for four years. I’ll have to check the numbers on that because it just came up in the hearing, but it was a much longer time frame for when the stimulus would kick in. And he said that he had not personally gone over the CBO study, but the CBO is highly regarded up on Capitol Hill. [MSNBC, 1/21/09]

29) CHUCK TODD: Well, it is. And one thing we have to remember is that when we’ve heard that figure — $825 billion is the latest figure — that’s the house democratic version of the stimulus package — one thing we always — that’s part of the fine print sometimes of our coverage is it’s over a two-year period already on the spending front. So it makes sense that the CBO would look at it and say, okay, if you’re spending $825 billion, over a two year period, whether it’s in the form of tax cuts or…[MSNBC, 1/21/09]

30) LARRY KUDLOW: This CBO report — the CBO is run by democrats right now — of $355 billion, most of which is infrastructure, some of it is cash outlays, that is only half of it okay. Only half of it will be spent by the end of 2010, two years from now. Moreover, of the roughly hundred billion dollars of infrastructure, David, only a quarter of it, $26 billion, will be spent in 2009. Now that ain’t muich stimulus, even if you believe in Keynesian government stimulus, which I don’t. What’s your take? [CNBC, 1/22/09]

31) LARRY KUDLOW: Christian Weller, this CBO report pulls the stimulus rug out from under the Democrats and team Obama. Why not just give it up and start from scratch and let’s put some genuine incentives in to get investors and capital working again? [CNBC, 1/22/09]

32) HAMPTON PEARSON: That the stimulus in its current form spends too much and the spending comes much too late to lift the country out of recession. As I reported last night, they’re hanging their hat on a Congressional Budget Office analysis that among other things points out that only about 136 billion of 355 billion in the infrastructure projects would be spent by October 2010. That’s the current fiscal year. [CNBC, 1/22/09]

33) VIN WEBER: Number 1, they believe that they are not going to get 40% in tax cuts as President Obama indicated that he would like to have. And number two they’re worried about a congressional budget office studt that came out last week that showed only 7% of the appropriated money would actually be spent this year. [MSNBC, 1/22/09]

34) NEIL CAVUTO: Are you troubled, Congressman, when your own Congressional Budget Office says $1 out of every $10 appropriated for this sort of stimulus is going to make its way into the economy in the next two years? That means $9 out of $10 are not. [Fox News, 1/22/09]

35) JIM ANGLE: More lawmakers from both parties are questioning the spending part of the stimulus aimed at things such as construction and repair of highways and schools after the Congressional Budget Office found two thirds of the money would not be spent until 2011 and the years beyond, which concerns not just Republicans but also Democrats. [Fox News, 1/22/09]

36) NEWT GINGRICH: Look, the Congressional Budget Office has reported that less than 10 percent of the bill will be spent the first year. Some of it would not be spent for 10 years. This is not a stimulus package, this is a bigger government, more bureaucracy, more powerful politician package in the guise of a stimulus. [Fox News, 1/22/09]

37) JOHN ROBERTS: And on this idea of the fiscal stimulus, a congressional budget office, the day that the president was inaugurated, came out with an analysis that said that the infrastructure spending portion of the stimulus package would not have a positive effect on the economy for years because of the amount of time that it would take for that money to get through. So, is this package going to work, Chrystia? [CNN, 1/22/09]

38) KATE BOLDUAN: Republicans are calling for more business tax cuts, less spending, arguing that that’s the way to help jumpstart the economy, rather than massive infrastructure spending projects. But they are argue, and they also hold up a new Congressional Budget Office report that says that that’s not going to help create and save jobs, because those spending projects won’t start immediately. They could start a few weeks out. [CNN, 1/22/09]

39) PAT CADDELL: The problem with the stimulus is he’s going to get one shot at this. And I saw when the CBO report came out, and I’m concerned about whether it works or not. I want it to work. [Fox News, 1/22/09]

40) TARA WALL: So I think between the Congressional Budget Office saying that, you know, all that money is not going to get out there — less than 40 percent they’re saying. In addition to now, you know, Republicans saying the stimulus package isn’t so stimulative and it’s — and it’s, you know, veering off further and further from what Obama originally said. [CNN, 1/22/09]

41) CARL QUINTANILLA: That’s good stuff. Leader Hoyer, let me start with you in the stimulus, obviously, in appropriations it went along party lines even despite these attempts by Republicans to massage it somehow, put PAYGO in one way or maybe make sure that this CBO report about how the money would come too late that that doesn’t happen. [CNBC, 1/22/09]

42) DAVID GERGEN: They had a bad report from the Congressional Budget Office yesterday that said their stimulus plan for spending on infrastructure actually less than half of that money will be spent in the next couple of years or so. But most of it will go out pretty late. [CNN, 1/22/09]

43) REP. ERIC CANTOR (R-VA): Because we have seen the Congressional Budget Office come out with reports on the congressional Democrats’ spending plan, and frankly that report is fairly clear: the spending plan proposed by congressional Democrats does not stimulate the economy. [CBS, 1/22/09]

44) MIKE VIQUEIRA: Well, you know, it’s interesting. This $825 billion colossus of a stimulus package, which some leading democrats say is probably not going to be enough — they might have to expand it as we go through the process over the next month here — has a lot of republicans shaking their heads. And they have some ammunition this week in the form of a Congressional Budget Office report that ends up saying that as little as 7 percent of all the outlays for this fiscal year will be spent on what are called, or what the President refers to as, “shovel-ready transportation projects.” In the minds of republicans, it’s not gravel and dirt that they’ll be shoveling this year, but perhaps another substance. [MSNBC, 1/22/09]

45) REPORTER: The Congressional Budget Office yesterday said that one-fourth of this $825 [billion] to one trillion probably won’t be spent before 2011. [Fox News, 1/22/09]

46) MICHELLE MALKIN: And then, I think the second piece of this Neil is you have to tie this into the congressional budget office report from last week which pointed out that a large portion of this money that they’re going to apparently be spending on construction funds isn’t going to get into the economy. [Fox News, 1/23/09]

47) STEPHEN MOORE: I think the American people are starting to look at this for two reasons. One is the price tag, people are starting to say wait a minute we already have a trillion dollar deficit do we really want a 2 trillion deficit? And the second thing is, and you talked about this the other day, that Congressional Budget Office report, which said that 2/3 of these spending projects won’t happen until after 2011. [Fox News, 1/23/09]

48) MIKE EMANUEL: The Congressional Budget Office basically says that 2/3 of the money wouldn’t be spent until 2011 and so a lot of people in both parties are starting to ask would that stimulate the economy or is it just a massive spending package? So we expect that the president will look across the table at leaders from both parties in the house and say we need to work together our economy is in deep trouble and we need to make this happen as quickly as possible to get the economy rolling again. [Fox News, 1/23/09]

49) RON CHRISTIE: You had two committees — the Committee on Joint Taxation, which is a bipartisan committee in the congress, and the Congressional Budget Office — both issue reports this week that have indicated that this gargantuan stimulative package isn’t going to stimulate the economy. So republicans are very concerned about this package. We want to see more tax cuts; but, first and foremost, will this actually be a good return investment to the American taxpayers, and I think the answer to that question, at this size, is absolutely not. [MSNBC, 1/23/09]

50) DAVID BROOKS: First of all, the Congressional Budget Office, which Ray referred to earlier in the program, found that a small percentage, a minority will go out within two years, and a very, very small percentage in the next year. [PBS, 1/23/09]

51) RAY SUAREZ: Democratic leaders sought to play down a Congressional Budget Office report that raised doubts about how effective the stimulus plan would be at creating jobs quickly. The Senate`s top Democrat, Harry Reid, said the new director of the Office of Management and Budget, who just left the CBO, told him the report was incomplete. [PBS, 1/23/09]

52) NEIL CAVUTO: All right. It comes on the same week, Congressman, the Congressional Budget Office has said much of the stimulus is backloaded. By that, I mean the real bang for the buck comes in outer years, some two or three years out, and that 7 percent of it would be more immediate, 93 percent would not. What do you make of this whole debate now? [Fox News, 1/23/09]

53) CHARLES KRAUTHAMMER: Look, this is one of the worst bills in galactic history. It’s not only on the timing of it–as we saw from the Congressional Budget Office, more than half of the infrastructure stuff with the bridges and roads will not be spent until two years hence when the recession will be likely over or coming out of it, and it will only add to inflation, not jobs. [Fox News, 1/23/09]

54) MAJOR GARRETT: On another front, even some Democrats have begun to worry the $800 billion of stimulus might be too slow to turn the economic tide. The Congressional Budget Office says more than $200 billion of it won’t be spent until the year 2011. [Fox News, 1/23/09]

55) REP. BRIAN BILBRAY (R-CA): At least — even the Congressional Budget Office says half of this money will not stimulate the economy within two years. So why don’t we take that out. [MSNBC, 1/23/09]

56) ED HENRY: Well that was another question raised in this Congressional Budget Office study. It was suggesting that a lot of the spending proposals in the original plan would not really take effect for a couple of years, so it wouldn’t clearly help create jobs in the first two years of the president’s administration. [CNN, 1/23/09]

57) ED HENRY: Despite those comments, Republicans are still expressing some concerns and skepticism, pointing to a Congressional Budget Office study earlier this week that showed that some of the money in this stimulus plan may not really stimulate the economy. [CNN, 1/23/09]

58) ED HENRY: The latest iteration of that has projects like that. And it’s getting Republicans wondering whether is it really going to get the economy going. Is it really going to create jobs? And, in fact, the Congressional Budget Office on Tuesday put out a report that was pretty scathing about the economic recovery plan. [CNN, 1/23/09]

59) FOX NEWS HOST: Did you see the CBO – congressional budget office report—in which they said look, best case scenario this thing isn’t going to stimulate anything for two years, and we’re going to be out of it by then. [Fox News, 1/24/09]

60) FOX NEWS HOST: Now the other issues, guys, is the timing. The congressional budget office says that $250 billion won’t be spent until 2011. And the purpose of a stimulus package is to pop a lot of money into the economy fast to get it going again. [Fox News, 1/24/09]

61) PAT BUCHANAN: More importantly, the Congressional Budget Office analyzed it and found that its real impact doesn’t kick in, a lot of it, until more than two years from now. Republicans feel like the tax cuts that were promised, that they think would really work – and I happen to think some of them would really work – they’ve been scaled back on the demands of the liberal democrats. [MSNBC, 1/24/09]

62) FRED BARNES: For one thing, they have a lot of prominent free market economists and journalists and not just conservative journalists, but a lot of them, who have poked holes in the whole stimulus package. It’s identified with Obama and was drafted by congressional Democrats. And they cleverly leaked that report from the Congressional Budget Office on that infrastructure part of the stimulus package, $275 million. [Fox News, 1/24/09]

63) REP. JOHN BOEHNER (R-OH): Unfortunately the trillion-dollar spending plan authored by congressional democrats is chockfull of government programs and projects, most of which won’t provide immediate relief to our ailing economy, according to the nonpartisan Congressional Budget Office. [CNN, 1/24/09]

64) REP. JEB HENSARLING (R-TX): And only 7% of the money can even be spent int he first year according to the democrat controlled congressional budget office. Again, this isn’t a bill to help the economy. It’s a bill to help big government. [MSNBC, 1/25/09]

65) SEAN HANNITY: The Congressional Budget Office has already realeased numbers this week that have raised concerns over how effective this plan might be. We’ll have more on that on Hannity’s America in just a few minutes. [Fox News, 1/25/09]

66) FOX NEWS HOST: Host: But beyond the question of does it have a republican signature on it or a democrat signature on it, the Congressional Budget Office, which is non-partisan, analyzed most of the spending – 350 of the 550 billion of spending, the money specifically going for infrastructure. And they said most of that 350 billion won’t even get into the economy for the next two years. That’s not stimulative. [Fox News, 1/25/09]

67) NINA EASTON: And the timing of some of this stimulus plan is that the congressional budget office said spending isn’t going to come in until the end of this cycle. So I’m not sure you get a take two and you’re not going to know for quite a long time when it – you know. For what impact its had. [Fox News, 1/25/09]

68) FOX NEWS HOST:As the bill now stands, its basically about 2/3 spending, 1/3 taxes. Interestingly enough, and you referred to it, the Congressional Budget Office, a non-partisan group. Said that they took a look at the infrastructure spending – about $350 billion – and said most of it wouldn’t get to the economy within two years. [Fox News, 1/25/09]

69) ALAN BLINDER: I think the key thing on the stimulus is less the overall size, although you don’t want to make it too small–I’m not discontented with the size and the magnitude people are talking about, 800 billion or so. But the key thing is that there be a substantial fast-acting component or components. We can’t have this all backloaded into the end of two years or even beyond two years, as some of the CBO reporting has suggested. We have to push spending forward. [CNBC, 1/29/09]

70) DAVID GREGORY: Let’s talk about what can be achieved this year, this calendar year. It’s a big concern, you want that up-front stimulus to jump-start the economy. The CBO, the Congressional Budget Office issued a report this week, and it was also echoed by a research report done by the investment bank Goldman Sachs. [NBC, 1/25/09]

71) CHRIS WALLACE: Let me ask you specifically about one part of it. The non- partisan Congressional Budget Office did a review of the $355 billion that’s going to be the spending that’s going to be primarily for the infrastructure, and they say that less than half of that $$355 billion would actually be spent in the next two years while the recession is at its worst. [Fox News, 1/25/09]

72) MARA LIASSON: Well, I think that was one of the most interesting things that happened this week. You know, the CBO, as you pointed out, put out this report that said only 50 percent of it can be spent in the next two years or 18 months. [Fox News, 1/25/09]

73) JOHN KING: The Congressional Budget Office says it’s $825, $850 billion total. The CBO says only about $135, $136 billion designated for infrastructure will actually be spent quickly, that a lot of the spending is down the road. Number one, can you support this package as it is? And number two, do you think even if you can’t support it, is there enough in there to actually create jobs in the short term? [CNN, 1/25/09]

74) REP. JOHN BOEHNER (R-OH): Unfortunately, the trillion-dollar spending plan authored by congressional democrats is chock-full of government programs and projects, most of which won’t provide immediate relief to our ailing economy, according to the nonpartisan Congressional Budget Office. [MSNBC, 1/25/09]

75) A.B. STODDARD: In the weeks to come, though, before they actually have to take that final vote, I think you are going to see a lot of strong debate — fierce debate — about the fact that John Boehner, the minority leader, is right, that the Congressional Budget Office is concerned that less than half of that infrastructure job investment money is gonna be spent by the end of fiscal 2010, that there’s lots of money in there for stuff that’s not gonna create jobs, and they’re going to make a strong case. [MSNBC, 1/25/09]

76) BRIANNA KEILAR: What they’re holding up is a cost assessment on the spending part of this bill from the Congressional Budget Office, which is a nonpartisan office, and it showed, as of a week ago before this legislation had gone through some changes, that really not a whole lot of money — only about half of it, maybe less than half of it — would be actually rolled out in the next two years. [CNN, 1/26/09]

77) BRIANNA KEILAR: Republicans say it’s not gonna be spent fast enough and, therefore, it’s not gonna be creating jobs. They’re holding up a report by the nonpartisan Congressional Budget Office; it’s really an assessment — a partial assessment — that came out last week that showed less than half of the spending part of this bill would be rolled out in the next two years. [CNN, 1/26/09]

78) STEVE DOOCY: You kind of touched on the Congressional Budget Office saying that less than 40 percent of the discretionary amount of money would be spent in the first 18 months. We want it all spent immediately, I think a lot of people would say, to get things going. But are you confident, Senator, that this is going to work? [Fox News, 1/26/09]

79) ALEXIS GLICK: It’s creating a lot of controversy, as one would expect, because the concern is two things: one, the Congressional Budget Office did a survey of the discretionary part of the funding of the $825 billion; they looked at $350 billion of it, and they said “how much of this will work its way into the economy?” They found only $27 billion in the first year. The second issue is what it’s going to mean for the federal budget deficit going forward. [Fox News, 1/26/09]

80) STEVE DOOCY: How about $20 million worth of sod for the National Mall. How does that stimulate the economy? There’s an item that has just come out from the Congressional Budget Office that says — you know, the whole idea is to stimulate the economy right now. Get the paddles out and shock the patient into — you know, right now the patient is dead, if you listen to people up on Capitol Hill. And yet, according to the CBO, 40 percent of the discretionary stimulus money won’t be spent — 40 percent won’t be spent in the first 18 months. [Fox News, 1/26/09]

81) GLENN BECK: We had the numbers from the non-partisan, radical hatemongers, what a bunch of racists over at the Congressional Budget Office. They say, according to the CBO, only $26 billion. Just over 3 percent, will be spent in this emergency, quick get the money to the people, stimulus package this year. Three percent. [Fox News, 1/26/09]