Why is the federal government spending billions on an economic stimulus?

Posted by admin

On Wednesday, the Obama administration will send $1.6 billion in stimulus checks to states and localities in the first installment of a package that will also boost spending on infrastructure.

The checks will help fill a $4.2 billion gap that has left states and cities with a shortfall of nearly $500 million in federal money to cover a shortfall in state and local funding of about $3.5 billion.

The money will be used to help state and municipal governments purchase up to $10 billion worth of equipment and services, and to expand education and health care, the administration said in a statement.

Obama’s proposal comes amid a recession in the nation’s second-largest economy.

Economists and some analysts say that while the stimulus may have the desired effect, it will likely exacerbate the problem, because it will help only those states and communities with the greatest need.

“The stimulus is going to be really ineffective,” said Doug Holtz-Eakin, a senior fellow at the Brookings Institution and former chairman of the President’s Council of Economic Advisers.

“It won’t make the problem go away.

It’s going to do nothing.”

In a statement, a White House official said that the president’s plan is intended to help “those states and jurisdictions that have already experienced a sharp decline in their tax base, but still are unable to provide the services and capital that the economy requires.”

Obama also said he will create a federal job training program to give low-wage workers the skills and training they need to find jobs.

The plan also includes a $500 billion infrastructure fund, which will be available for states to use to help finance infrastructure projects that will create jobs, expand health care and help the country meet its greenhouse gas reduction targets.

The announcement comes amid increasing public pressure on Obama to make further progress on the country’s economic recovery.

The unemployment rate is still above 7 percent and the economy is still in a recession, which has caused the unemployment rate to rise sharply, as has the cost of housing.

A new report from the Congressional Budget Office (CBO) says the cost to the economy from these new tax hikes alone will amount to $4 trillion by 2022, a cost of more than $1,000 per person per year.


한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.