American Recovery and Reinvestment Act

4 Feb

What $884 billion will and won’t do to goose the economy.

The most recent version of the American Recovery and Reinvestment Act, otherwise known as the stimulus package, is 736 pages long. The Congressional Budget Office estimates it will cost $884 billion if passed.

It’s a huge, risky bet. The interest alone on the spending could cost future taxpayers an additional $500 billion. So what’s in there? And, more important, will it help the economy? Those are the two biggest questions in Washington ahead of a likely vote by the Senate next week. Senators are just now looking at the entirety of the legislation.

Sounds good and sounds fishy all at the same time. the average American Citizen will be in for it if this doesn’t work.

Here’s the rest of the article, which shows some distinction in where the money would go.

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