More Evidence Of Stimulus Effectiveness
The White House is releasing a report today that shows that the stimulus package was under budget, had few reported cases of abuse or fraud, and was able to fund more projects than expected.
The Washington Post reports today: “Report gives stimulus package high marks”
In addition to assessing how the stimulus program has been carried out, the study restates the administration’s case that the package has been effective economically, arguing that it staunched the worst bleeding in employment and led the economy to rebound late last year.
Many prominent economists agree with that assessment. The CBO has forecast that the package may be on track to meet the administration’s goal of preserving 3.5 million jobs by the end of the year.
The number of complaints and fraud and abuse investigations were attributed to the oversight the Administration implemented from the outset:
Stan Soloway, president of the Professional Services Council, which represents government contractors, said the unprecedented focus on oversight clearly paid off and should be analyzed for lessons that could be applied throughout the government.
Compare and contrast that with the way money was handled in Iraq and Afghanistan ( “Audit: U.S. lost track of $9 billion in Iraq funds” and “Corruption Suspected in Airlift of Billions in Cash From Kabul” ).
It seems clear that there is a difference when people who think government can be an effective tool to reach our collective goals are in charge — and when people who think government is a problem run things.
- It’s Official: The Stimulus Isn’t a Waste of Money (time.com)
- The Stimulus May Have Saved the Economy, but It Won’t Matter in November (dailyfinance.com)
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