In February the government passed a $787 Billion dollar stimulus package designed to help bring our country back afloat from this recession we are sinking into. The large amount of money being spent has been criticized by many and questioned by all as to where the money is being allocated. If you recall towards the end of the Bush saga, he too released a stimulus package which was suppose to help “wall street as well as main street” and this package gave the media a new catch phrase of which was beaten like a dead horse, it was still unclear to many where all the money went. Of course almost all the banks on Wall Street received funds but the money was clearly not managed properly or allocated appropriately as we are still in a mess of trouble.
Well with this new stimulus package it seemed like déjà vu. Talk of hundreds of billions of dollars to be spent in an attempt to jumpstart our way out of recession. Fortunately this time under the Obama administration, they have clearly outlined how all the money will be allocated throughout the country. Some of the biggest spending will be given to agencies such as the Department of Agriculture, which is receiving $28 billion dollars in government funds expected to aid rural development programs and to give assistance to farmers. Another agency receiving large sums of aid is the Department of Transportation who is receiving $27 billion in an effort for states to make critical repairs to damaged roads and bridges. There are several agencies, which are receiving large amounts of aid such as the Department of Education’s $141 billion dollar piece of the pie as well as the Department of Health and Human Services whom will be receiving $59 billion.
Overall this new stimulus package seems to be much more transparent and its allocation of money is clearer than that of the Bush administration’s. Hopefully this is what our country will need to get us on the path to recovery.
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