Stimulus vs Bailout

Where are your tax dollars going, and how is the money being spent?Well, it depends upon who you ask.Go to Recovery.gov, and they focus on the economic impact:

The American Recovery and Reinvestment Act targets investments towards key areas that will save or create good jobs immediately, while also laying the groundwork for long-term economic growth. The charts and numbers below give you an idea of where the money is going.

Over the upcoming months, we will provide more information on the distribution of funding by Federal agencies. In order to give small businesses and Americans across the country a chance to apply for recovery dollars to create and save jobs, some funding may not be distributed until this summer.

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Go to right.org, and they focus on how much it is going to cost you:

Family earning $50k in salary

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Funny thing is, they both tell the same story — just different sides of it  . . .


Originally published at The Big Picture blog and reproduced here with the author’s permission.

One Response to "Stimulus vs Bailout"

  1. Guest   February 26, 2009 at 11:27 am

    How about a critical look at the $8.5 trillion number used? That can only include guarantees plus loans (while assuming 0 repayment) and asset purchases (while assuming 0 ultimate recovery).Zero? Those are simply not credible assumptions, and the $8.5 trillion number has no relationship to what it will actually cost taxpayers.We need an honest examination of the costs, but this obviously slanted nonsense and phony math is worse than useless. Why are you giving prominence to “right.org,” when the don’t even have the guts to identify where they are getting their money from?