Sunday, February 22, 2009

$787 Billion - Where your money is going

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Great article in the American Statesman this morning with a graphic to explain how the American Recovery and Reinvestment Act money will be spent. Unfortunately there doesn't seem to be a web based copy of it.
I did go to Recovery.gov and there's lots of good info there.

Unlike the untold jillions we've spent on the Iraq war, and the billions spent on the bail-out, the $787 billion we're about to spend is supposedly going to be "transparent". Here's a quick chart overview of the propose spending:


The Statesman graphic is much more in depth and worth reading. But you'll have to buy a paper to get it. None the less-very interesting.

This from Recovery.gov:

The President has made it clear that every taxpayer dollar spent on our economic recovery must be subject to unprecedented levels of transparency and accountability. He has identified five crucial objectives for Federal agencies, to ensure that:

  • Recovery funds are awarded and distributed in a prompt, fair, and reasonable manner;
  • The recipients and uses of all recovery funds are transparent to the public, and that the public benefits of these funds are reported clearly, accurately, and in a timely manner;
  • Recovery funds are used for authorized purposes and every step is taken to prevent instances of fraud, waste, error, and abuse;
  • Projects funded under the recovery legislation avoid unnecessary delays and cost overruns; and,
  • Programs meet specific goals and targets, and contribute to improved performance on broad economic indicators.

To meet these objectives, the President is directing Federal agencies to take critical steps in preparation for the Act’s implementation. See here, for the White House’s February 9, 2009 initial implementation memorandum and February 18 detailed guidance memorandum.


I'm going to bookmark Recovery.gov and see if this experiment in transparency actually teaches me anything. Kudos to President Obama for at least trying. And I don't see a little circle on the break out with Dick Cheney's name on it. That's a good start.
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