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Stimulus spending at $32 billion monthly

Posted By admin On February 17, 2010 @ 12:44 pm In Money Watch | Comments Disabled

Tami Luhby
CNN Money [1]
Feb 17 2010

Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials.

The federal government expects to distribute $32 billion in Recovery Act funds per month, up from an average $27 billion a month over the past year, according to Vice President Joe Biden, who will release his annual stimulus progress report on Wednesday.

“…the year ahead will see a capitalizing on an inventory of work that is awarded and “ready to go”,” according to the report.

The report comes on the one-year anniversary of the largest economic stimulus program in the nation’s history. The controversial $787 billion program has elicited both praise and scorn from many sectors of the country.

Full article here [1]

Stimulus spending at $32 billion monthly 190110banner4 [2]


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URLs in this post:

[1] CNN Money: http://money.cnn.com/2010/02/16/news/economy/stimulus_one_year_anniversary/index.htm?hpt=T1

[2] Image: http://www.prisonplanet.tv

[3] VP Biden: If stimulus fails, ‘I’m dead’: http://www.prisonplanet.com/vp-biden-if-stimulus-fails-im-dead.html

[4] The Full List Of How Obama Spent $792 Billion On Fiscal Stimulus: http://www.prisonplanet.com/the-full-list-of-how-obama-spent-792-billion-on-fiscal-stimulus.html

[5] More Than $125 Billion In Stimulus Funds Still Not Paid Out: http://www.prisonplanet.com/more-than-125-billion-in-stimulus-funds-still-not-paid-out.html

[6] Biden: ‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’ Yes, at $412,500 Per Job: http://www.prisonplanet.com/biden-%e2%80%98nobody-can-look-you-in-the-eye-and-tell-you-stimulus-did-not-create-jobs%e2%80%99-yes-at-412500-per-job.html

[7] House to seek $825 billion in economic stimulus: http://www.prisonplanet.com/house-to-seek-825-billion-in-economic-stimulus.html

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