Tuesday, February 3, 2009

Stimulus Plan Explained

Here is a good Summary of the Senate Stimulus Bill that is pending right now. This breaks it down and gives a short explanation of each part of it and makes it easier to understand without going through all 747 pages... It is only 5..much easier...lol

As it explains here:
"The American Recovery and Reinvestment Act of 2009 combines two essential ingredients needed to bring our economy back to life," said Senate Appropriations Chairman Daniel K. Inouye (D-Hawaii). "We will create four million jobs in the near-term, and invest in America's future by rebuilding our crumbling infrastructure for the long-term. In addition, this bill includes more than $301 billion to aid state and local governments as they struggle to meet increasing demand for social services amidst plummeting tax revenues. As we address this crisis, we must never lose sight of our responsibility to avoid wasteful spending by providing strict accountability and oversight measures. We must invest this money quickly, but also wisely."

"Millions of Americans will get back to work and our economy will get back on track with the job-creating tax cuts and smart investments in the American Recovery and Reinvestment Act, " said Senate Finance Committee Chairman Max Baucus (D-Mont.). "Working families will get a financial boost, small businesses will finally catch a break, and the whole country will reap the benefits of a growing green energy sector, revitalized schools, and higher-quality health care. This bill has been carefully crafted to produce meaningful improvements to our economy in the short term, and to improve America's fiscal strength and stability for the future."

It further explains that the breakdown is as follows:
To accomplish these goals, The American Recovery and Reinvestment Act provides $888 billion in investments and tax cuts. Of this total, $694 billion will enter the economy by the end of Fiscal year 2010, meaning that 78 percent of the monies allocated will reach the American people by September 30, 2010, providing an immediate boost to the overall economy and creating an estimated four million jobs.

It then goes on to explain it in more detail and make it very easy to read. Each section is broken down and divided so you know exactly what you are looking for and what it is. For example under the Infrastructure there is this entry:

$2.25 Billion for the HOME Investment Partnerships Program block grant to enable state and local government, in partnership with community-based organizations, to acquire, construct, and rehabilitate affordable housing and provide rental assistance to poor families.

Hard for anyone to argue with that now. Hmmm do you suppose this is for ACORN...lol

I hope this will help anyone who is interested..everyone should be. This is what we are basing our future on and the future of our economy on. So we should be reading it and making sure we understand it and making sure it works.

So, check it out. Write to your congress person and let them know what you think. We need to get something done folks.. more jobs are being lost everyday. Friday the new numbers come out. Already it is looking like they won't be good. Yet our leaders in Washington are just fiddling around. We have to get this moving... How many more jobs are we going to lose before this will pass.

Now we hear the Republicans talking Filibuster. What will it take for them to realize these are people's lives they are talking about, not just numbers?? What will it take to get through to these idiots and these people who think they are so important that we little people don't matter to them any more. They don't care what we want, they don't care what we think.

Write, call, email, something to your representatives and let them know how you feel this week.. Especially if they have been talking on the TeeVee machine and are saying they are not going to support this stimulus plan. Please.. our lives may depend on it.


Vast said...

There are a lot of lists and summaries floating around of the package. I'm definitely going to have to do some digging into them this weekend.

Annette said...

Thanks for stopping by Vast.. This one is from US News and World Report.. and is pretty simple.. one of the easiest to read I have found.