Wednesday, March 24, 2010

Stimulus Tracking

ProPublica has been tracking the progress of federal stimulus spending and while the $800 billion dollar figure has stuck in the national psyche, here's what they've been pointing out for months:
Stimulus spending by the Obama administration has reached roughly $321 billion, according to the latest numbers from Recovery.gov. That number includes $202 billion in spending and an estimated $119 billion in tax cuts. Overall, slightly more than 40 percent of the nearly $800 billion stimulus package has entered the economy.
In other words, whatever good has been done, has been done with considerably less than $800 billion - and a third of the actual money spent came in the form of tax cuts.

No comments: