LEONARD’S DIGEST

Dec 01 2009 ∞

CBO: Three-Quarters Of Stimulus Unspent

Only $100 billion of the $787 billion stimulus package passed nine months ago has actually been spent by the federal government so far, with another $90 billion of stimulus coming in the form of tax reductions, the nonpartisan Congressional Budget Office reported Monday evening. That leaves three quarters of the package — and its stimulative effects — yet to come.

Slow as that pace may seem, it’s in line with initial CBO estimates.

To read more click here!

Also take a look at:

Krugman: Deficit Hawks Trying To Scare People With Big, Out-Of-Context Numbers

Comments
Page 1 of 1