American Recovery and Reinvestment Act of 2009

This plan will spend an astonishing amount of money.  The proposed law provides significant details on the various expenditures.  I skimmed through the entire 258 page document.  It is reasonable to expect many changes before final passage.  Considering the fact that many companies are closing their doors and putting thousands out of work (Circuit City employed 34,000 people), there is no option unless we want to follow the follow the Herbert Hoover model and let totally free capitalism function without government interference.

 

According to MSNBC this is a summary of the expenditures

$295 Billion

For Food Stamps/Unemployment/Green Jobs

$275 Billion

For Tax Relief

$170 Billion

For State Medicaid/Education

 $85 Billion 

For Infrastructure Projects

$825 Billion

TOTAL

 

Then again who borrows more money to get out of debt?  Perhaps food stamps and unemployment insurance are the only two items that should be approved.

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