stimulus spending a year later

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Where’s The Stimulus?

What Happened?What’s Next?

Our Government’s Analysis

• American Recovery and Reinvestment Act – Passed February 2009

• Congressional Budget Office Report – Dated November 2009

– 640,000 direct jobs created– Over 50% in the education field

– 1.2% to 3.2% increase in GDP

– Unemployment reduced by 0.3% to 0.9%

$787 Billion Appropriated

• $288 Billion to tax benefits

• $224 Billion to entitlement programs

• $275 Billion to grants, contracts and loans

How Much Is Circulating?

Appropriated Obligated Spent %

Entitlements $224 B $224 B $95.7 B 42.7%

Tax Relief $288 B $288 B $92.8 B 32.2%

Grants ContractsLoans $275 B $158.7 B $68.5 B 24.9%

Highway Construction• $27 Billion Appropriated

• 75% Obligated

• 15.7% Spent

• Impediment – winter conditions

Housing Construction

•$3 Billion appropriated

•6% Spent

•Mostly reimbursement of prior preconstruction expenditures

•Impediment – winter conditions

Housing Weatherization

• $5 Billion appropriated

• 2% Spent

• Labor Department prevailing wage study completed September 3, 2009

• Impediments– Winter conditions– National Historic Preservation Act

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