Category Archives: Stimulus

Congress may OK short-term stimulus, but fiscal train wreck looms

By doris | Published: February 4, 2012

Full Story at NBCPoliticsmsnbc.msn.com The signs look hopeful for a short-term accord in Congress on extending the payroll tax cut and unemployment benefits. But right after Election Day, a lame-duck Congress will face a horrific fiscal train wreck: sharp tax increases, combined with automatic spending cuts — and scanty reserves of political goodwill to help [...]

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Earmarks ban may loom, but lawmakers find ways to fund pet projects

By doris | Published: December 29, 2010

Full Story at msnbc.com WASHINGTON — No one was more critical than Representative Mark Steven Kirk when President Obama and the Democratic majority in the Congress sought passage last year of a $787 billion spending bill intended to stimulate the economy. And during his campaign for the Illinois Senate seat once held by Mr. Obama, [...]

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Study: Schools face shortfalls after stimulus ends

By doris | Published: December 22, 2009

Full Story at msnbc.com ALBANY, N.Y. – Using federal stimulus money to avoid layoffs at schools is going to create a shortfall even more difficult for states and schools to contend with when that money runs out, according to a first-of-its-kind study released Monday. New York alone will see a $2 billion shortfall after stimulus [...]

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Stimulus debate heats up as Dems push aid for small business

By doris | Published: October 23, 2009

Full Story at CNN.com The House of Representatives will debate a bill next week increasing the ceiling on Small Business Administration loans from $2 million to $5 million. The bill, backed by President Obama, also would increase the maximum size of SBA-backed microloans from $35,000 to $50,000. On Wednesday, Obama unveiled a separate measure designed [...]

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Are states following stimulus plan rules for schools?

By doris | Published: October 21, 2009

Full Story at CNN.com And according to a preliminary report on stimulus funding for schools by the Department of Education and the Domestic Policy Council, the stimulus plan has created jobs. State governments have created and saved at least 250,000 education jobs — and restored nearly all their projected education budget shortfalls for fiscal years [...]

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GOP slams Obama stimulus as ineffective

By doris | Published: July 9, 2009

Full Story at CNN.com They criticized the White House for referring to the number of “jobs created or saved” by the $787 billion package — a metric, they claimed, that is impossible to verify. The White House Office of Management and Budget defended the plan, arguing that every federal dollar spent has, by definition, helped [...]

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TEA Party activists rally at Capitol

By doris | Published: July 5, 2009

Full Story at CNN.com Activists said the TEA Party Day — an acronym for “Taxed Enough Already” — was in response to what they called runaway government spending. They are taking to task the Obama administration’s stimulus program and health care initiative, and say Congress is not giving constituents enough information about where their tax [...]

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White House focuses on stimulating the stimulus

By doris | Published: June 9, 2009

Full Story At CNN.com Vice President Joe Biden on Monday is presenting to President Obama the “Roadmap to Recovery,” a plan to accelerate the implementation of the $787 billion stimulus plan in its second 100 days. Obama signed into law the American Recovery and Reinvestment Act in February, vowing the program would create or save [...]

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Stimulus yet to reach ‘double-whammied’ Selma

By doris | Published: May 17, 2009

Full Story At  CNN.com SELMA, Alabama (CNN) — To cross the Edmund Pettus Bridge into Selma is to share a stage with history. And these days, it is to come face-to-face with a bleak present. Storefront after storefront is closed, and many of the buildings in the famous photos from the days of the historic [...]

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GOP Govs Get Dose Of Stimulus Reality

By doris | Published: April 11, 2009

Full Story At  CBS News he list of governors threatening to decline federal stimulus money last month read like a list of Republicans considering running for president in 2012: Governors Mark Sanford, Bobby Jindal and Sarah Palin led the anti-stimulus charge. But what began with a bang is ending with something closer to a whimper. [...]

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Social Security, SSI recipients to receive $250 check in May

By doris | Published: March 27, 2009

Full Story At  CNN.com Biden also announced the distribution of $3.2 billion in new funding for state and local energy efficiency programs from the Department of Energy. The $250 checks “will make a big difference in the lives of older Americans and people with disabilities — many of whom have been hit especially hard by [...]

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Congress budget outlines close to Obama plan

By doris | Published: March 26, 2009

Full Story At  msnbc.com WASHINGTON – In a springtime show of unity, congressional Democrats unveiled budget blueprints Wednesday that embrace President Barack Obama’s key priorities and point the way for major legislation this year on health care, energy and education.

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