Friday, May 15, 2009

Problems with the stimulus are mounting

Great article today in the DC Examiner by Byron York - "Biden's rosy report can't hide stimulus problems." It's worth a read even for this nice spring Friday afternoon.
The real news about the stimulus is buried inside the Biden report. It says that as of May 5, $88 billion has been "obligated" for spending. "Obligated" is federalese for money that has been committed but not yet spent. A much smaller number, $28.5 billion, has actually been shoved out the door -- that is, $28.5 billion out of the stimulus total of $787 billion has so far been spent.

Posted by: Press Secretary

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