Yes, Another Post About the Stimulus
Discussion about the government’s stimulus package won’t go away, so either will my posts about it. Right now, it appears that Congress has agreed to a package valued at $789 billion, more towards the low side of recent estimates. Wondering what that money is actually for?
According to WSJ.com:
“About $282 billion of the bill, or 35%, is dedicated to tax cuts, split roughly evenly between incentives for businesses and individuals. The rest is spending, including expanded unemployment benefits, food stamps and construction of highways and bridges, water-treatment facilities and high-speed Internet service, among other things.”
Many of the numbers have not been finalized, but if you are looking for a detailed list of what comprises the package, check out the two links below. The one comparing the House’s proposal with that of the Senate is a couple days old, so the numbers are not as relevant but the chart shows just about everything imaginable in the package.
Read on:
WSJ.com – The Stimulus Plans – How They Differ (chart from 02.10.09)
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I wonder how much of the stimulus package is actually going to banks to lend back into the financial markets. Loosening up the credit crunch – wasn’t that how we were going to get out of this mess?