Category: stimulus



Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years.

So does the U.S. have “a spending problem,” as Republicans keep repeating in the current debate over how to reduce the nation’s record deficits? Or is the problem that taxes are not high enough? Those questions frame a long-running partisan debate, and as usual we won’t offer an opinion one way or the other. But for those seeking their own answers, we can offer some fiscal history and factual context.

Some key facts we think are worth considering:

 

Fiscal FactCheck | FactCheck.org.


“The president has made it a priority to reform government and make it more effective and efficient for the American people, which is why his budget reflects a commitment to streamlining government and saving taxpayer dollars,” White House spokeswoman Amy Brundage said in response to the report.

Upon taking office, Obama quickly appointed a chief performance officer, a new position meant to tackle government organizational issues.

Federal Eye – Government overlap costs taxpayers billions, GAO reports.


Recovery Act: How Obama’s Stimulus Is Changing America – TIME.

Yes, the stimulus has cut taxes for 95% of working Americans, bailed out every state, hustled record amounts of unemployment benefits and other aid to struggling families and funded more than 100,000 projects to upgrade roads, subways, schools, airports, military bases and much more. But in the words of Vice President Joe Biden, Obama’s effusive Recovery Act point man, “Now the fun stuff starts!” The “fun stuff,” about one-sixth of the total cost, is an all-out effort to exploit the crisis to make green energy, green building and green transportation real; launch green manufacturing industries; computerize a pen-and-paper health system; promote data-driven school reforms; and ramp up the research of the future. “This is a chance to do something big, man!” Biden said during a 90-minute interview with TIME.

Read more: http://www.time.com/time/nation/article/0,8599,2013683,00.html#ixzz0y78ROJON

%d bloggers like this: