Federal Stimulus Package

Great article about the federal stimulus package. Give the package some time. It took years to get into this economic recession, lets give it at least some months to see the full effects.

However, there really is no excuse for funds not to be allocated to their respective states already, whether it be for infrastructure or urban development. White House officials estimated that the government had committed $158 billion for spending around the country, but only about one-third of that had been spent so far...

"We must let it work the way it’s supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity.” - President Obama in his weekly address

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Breakdown of the Federal Stimulus Package:

1. Infrastructure - Rebuilding our highways, bridges, schools, etc. alongside creating more renewable energy (39% of total)
2. State Relief - Helping the states with unemployment benefits, budget shortfalls, medicaid, and the like (13% of total)
3. Struggling Citizens – Increase food stamps, unemployment insurance coverage, and provide insurance for the jobless (12% of total)
4. Tax Cuts – Tax cuts to individuals and business (36% of total)
   
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