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Wednesday, August 10, 2011

Could Unspent Stimulus Money Be Used To Fend Off A New Recession?

The nation's top economists are already giving odds on a double-dip recession [1]. The Federal Reserve has only a few bullets [2] left in its gun. And Congress seems politically paralyzed to come up with any new infrastructure or tax-cut plan that would fire up the economy.

So, it seems all the more surprising that the federal government still has $100 billion to $150 billion in stimulus money left to spend. That's about as much as the Making Work Pay tax credit that gave $800 apiece to middle-class families in 2009 and 2010. And it's twice as much as Congress gave to states to stabilize budgets and save education jobs.

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2 comments:

Anonymous said...

NO, Im sure it will go fend off welfare

Anonymous said...

It could be given to some of the richest bankers in America and they could allow it to trickle down to the little people.

For instance some of them might eat at a restaurant one extra time this week. The waiter might recieve a $20 tip - and he could share that with the bus boy and cook.