Trillions of Dollars - Page 4

Lesson in Economics - Econ 101 - Page 4

Trillions of Dollars

In response to the U.S. Department of Transportation estimate that the $1 billion appropriated for the system was almost exhausted by July 30, 2009, due to very high demand, Congress approved an additional $2 billion for the program with the explicit support of the Obama Administration. On July 31, 2009, the House of Representatives approved the extra $2 billion for the program, and the Senate approved the extension on August 6, defeating all six amendments presented. President Barack Obama signed the bill into law on August 7, and the appropriation was exhausted by August 24, 2009.

We've been assured, though, that they will do a much better job with our health care. I feel better already. And you thought you could manage your money better than the government can.

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