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Letter to the Honorable Paul Ryan 1 (January 2009)

handle is hein.congrec/cbo8539 and id is 1 raw text is: O CONGRESSIONAL BUDGET OFFICE U.S. Congress Washington, DC 20515 January 27, 2009 Honorable Paul Ryan Ranking Member Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Congressman: As you requested, the Congressional Budget Office has estimated the costs of additional debt service that would result from enacting H.R. 1, the American Recovery and Reinvestment Act of 2009. Such costs are not included in CBO's cost estimates for individual pieces of legislation and are not counted for Congressional scorekeeping purposes for such legislation. Under CBO's current economic assumptions and assuming that none of the direct budgetary effects of H.R. 1 are offset by future legislation, CBO estimates that the government's interest costs would increase by $0.7 billion in fiscal year 2009 and by a total of $347 billion over the 2009- 2019 period (see enclosed table). If you would like any additional information, we would be happy to provide it. The CBO staff contact is Eric Schatten. Sincerely, Douglas W. Elmendorf Director Enclosure cc: Honorable John M. Spratt Jr. Chairman

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