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Author Topic: Stimulus plan: Spend now, details later (promise)  (Read 1204 times)

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Offline bijou

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Stimulus plan: Spend now, details later (promise)
« on: March 18, 2009, 08:31:24 AM »
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WASHINGTON (AP) — President Barack Obama wants governors to hurry up and begin building bridges and schools to revive the economy. His administration is learning that spending $787 billion as quickly and transparently as promised is no easy task.

States wanting desperately to tap into the new money are having trouble keeping track of the application deadlines and requirements in the 400-page stimulus bill. Governors must sign pledges saying they'll spend the money appropriately, but the administration is still figuring out what the rules are.

"Well, that's kind of scary," said Richard Eckstrom, South Carolina's comptroller general.

Hanging over all of this are two threats. The first was written into the law, saying that if states miss a deadline or don't spend the money fast enough, they lose the cash. Vice President Joe Biden delivered the second threat last week, warning that if states misspend the money, "don't look for any help from the federal government for a long while."

Yet figuring out how to spend the money correctly isn't easy. For example:

_The Housing and Urban Development Department is offering $1.5 billion for homeless prevention, but there's confusion over who qualifies.

_Governors are required to report how many jobs are being saved or created, but there has been no explanation of how to count them. ...
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Offline Chris

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Re: Stimulus plan: Spend now, details later (promise)
« Reply #1 on: March 19, 2009, 06:17:48 PM »
Barry can't even give away money without screwing up.  Way to go.

I'll bet ACORN doesn't have to jump through hoops like this.
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Offline bijou

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Re: Stimulus plan: Spend now, details later (promise)
« Reply #2 on: March 20, 2009, 02:44:06 AM »
Quote from: Chris on March 19, 2009, 06:17:48 PM
Barry can't even give away money without screwing up.  Way to go.

I'll bet ACORN doesn't have to jump through hoops like this.
If it was so urgent to pass the stimulus,' there's no time to waste, we're all going to die, :ohnoes: ' then you might have thought a little advance planning on the terms of the distribution would have been helpful. 
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Offline thundley4

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Re: Stimulus plan: Spend now, details later (promise)
« Reply #3 on: March 20, 2009, 04:20:27 AM »
Interesting that  they make the states jump through hoops but they gave the money to the bailed out corporations with little or no oversight.  :hammer:
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