Posts Tagged ‘ARRA’

President Obama’s budget plan for 2009 and beyond includes $3.9 trillion in spending in 2009 and $3.6 trillion in 2010 (see “eye”-chart above for summary). Receipts for each year amount to a little more than $2 trillion, so budget deficits for these same periods are $1.75 trillion and $1.17 trillion, respectively. We’re talking about a whole […]

The Senate has just voted to pass the American Recovery and Reinvestment Act. Now, if we could just get the Senate’s version to match the one approved by the House. Right now, the House version is $819 billion and the Senate’s is $838B–a lot of money–but the Senate’s version is only 2% higher. The difference reflects […]