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, [...]
Stimulus Update
As a quick update to the previous post, the Senate has trimmed down the total amount of the stimulus package and reached a tentative deal. The value of the package will be closer to $780 – $820 billion rather than the $900+ billion deal that was on the table. (Source: WSJ.com)
Stimulus and Bailout – 2 Different Things
Because the amount of money being doled out are similar in both cases, there is often confusion that the U.S. government’s bailout policy is the same thing as the stimulus package currently in the news. Make no mistake, they are very big, very expensive, and very different things. The $700 billion bailout is known as [...]
