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.
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:
Labels:
Economy,
Government
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