Monday, January 26, 2009

Pressure Building for Stimulus

So there has been more and more talk about the Stimulus Package coming. However the more I look the harder it is to follow. One of the major issues is that the stimulus package seems to be administered by federal agencies instead of the "earmark process". The bad thing about this is that now that it is not a legislative earmarked program you can not just look at the authorizing and appropriating bill to find the answer.

I just think that is hard to follow.

Here are a few interesting articles that I found regarding the stimulus.
California could reap $21.5 billion from U.S. stimulus plan.-SacBee
On Thursday, staffers of the House Transportation Committee estimated that California would receive $4.5 billion to spend on highways, bridges and other projects. But that's only a small part of the overall package, as the new numbers make clear.

Economic stimulus or just more pork?-SF Gate
In his first presidential radio address Saturday, he said it would accomplish big things: renovate 10,000 public schools, build 3,000 miles of new electric grid, computerize all Americans' health records in five years, weatherize 2.5 million homes, provide Pell Grants to 7 million college students, and protect the health insurance of 8 million Americans who risk losing coverage during the downturn.

Obama stimulus, Schwarzenegger budget plans at odds- San Jose Mercury

Within the next few weeks, President Barack Obama is expected to sign an enormous package of federal spending and tax cuts in a bid to revive the nation's economy.

Around the same time, Gov. Arnold Schwarzenegger hopes to sign a budget plan imposing steep tax increases and spending cuts to wipe out a $40 billion deficit.

The contradiction underscores a difficult reality: The solution to the state's yawning budget deficit may well blunt the effects of the federal stimulus here.

When I find out more I'll pass it along.

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