Search the web
Sign In
New User? Sign Up
UnboundedEducation · Unbounded Education Group
? Already a member? Sign in to Yahoo!

Yahoo! Groups Tips

Did you know...
Show off your group to the world. Share a photo of your group with us.

Best of Y! Groups

   Check them out and nominate your group.
Having problems with message search? Fill out this form to ensure your group is one of the first to be migrated to the new message search system.

Messages

  Messages Help
Advanced
Infographic: Swift and Responsible Recovery   Message List  
Reply | Forward Message #1079 of 1122 |

America Progress

Infographic: Swift and Responsible Recovery

The American Recovery and Reinvestment Act was signed into law a month ago, and now it's time to ensure the money is spent quickly yet wisely. Conservatives, however, show little appetite for supporting the series of measures that will help get our economy moving again. Rush Limbaugh has famously said that he "hopes Obama fails." Eric Cantor appeared on Meet The Press on Sunday and again criticized the "waste and pork barrel spending" in the recovery plan.

The simple fact is that the law has now been passed and everyone should be doing as much as possible to ensure that the money is well spent . The chart below shows Congressional Budget Office and Joint Committee on Taxation projections of the pace of recovery spending, and how the money will be spent broken down into five categories—help for those most in need; aid for states and localities; green investments; other investments for transport, utilities, health, education, broadband, etc; and tax cut stimulus.

recovery chart

At a minimum, 75 percent of the spending will take place by the conclusion of fiscal year 2010 in September 2010, and 91 percent by September 2011. Last week, OMB Director Peter Orszag announced measures to ensure that recovery plan dollars are not, "stuck in a bottleneck because of inadequate systems or overwhelmed network servers." Some investments will be spent after September 2011, but this is generally because they are large projects that will be started in 2009 or 2010 but will take longer to complete.

The revolutionary accountability measures put in place by President Obama will help prevent waste. As outlined by our colleague Reece Rushing, the plan requires regular public reports and disclosure of detailed data on investments, an Accountability and Transparency Board to monitor progress achieved, and a website to provide detailed data on each contract awarded.

See more from CAP on the American Recovery and Reinvestment Act:

Background brief: Recovery and Reinvestment 102

Animation: How the Recovery Act Works

Interactive Maps: Recovery Beyond the Beltway

Infographic: The Stimulus: Four Reasons We Can't Afford Not to Have One



Sun Jul 12, 2009 2:40 am

baypointmike
Offline Offline
Send Email Send Email

Forward
Message #1079 of 1122 |
Expand Messages Author Sort by Date

America Progress Infographic: Swift and Responsible Recovery By Will Straw, Julie Baewer | March 18, 2009 E ...
baypointmike
Offline Send Email
Jul 12, 2009
2:41 am
Advanced

Copyright © 2009 Yahoo! Inc. All rights reserved.
Privacy Policy - Terms of Service - Guidelines - Help