BLOG.JMHAMILTONPUBLISHING.COM: "Congress has approved over $1 trillion in spending and tax measures to stimulate the economy." STILL WAITING FOR HELICOPTER - BEN!
"Congress has approved over $1 trillion in spending and tax measures to stimulate the economy." STILL WAITING FOR HELICOPTER - BEN!
SOURCE: Alan S. Blinder, Princeton University, and Mark Zandi, Moody's Analytics | The Washington Post - August 11, 2010
Piecing together the stimulus
With the passage of a $26 billion state aid package Tuesday, Congress has approved over $1 trillion in spending and tax measures to stimulate the economy, according to a recent summary of the legislation by two independent economists. This fiscal stimulus has been just a part of the government's response to the recession, which also includes policies such as TARP, homeowner assistance and initiatives by the Federal Reserve.
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