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So What Happened to the 2009 Stimulus Package? And How Much did E-town Get?

Dec 24th, 2011 | By | Category: Features, Front Page

The original stimulus package, or the American Recovery and Reinvestment Act (ARRA), provided $840 billion in tax cuts, infrastructure spending, and payments to state and local governments for health and education. As of Dec 16, 2011, $736 billion, or 88 percent, has been paid out. Tax Benefits accounted for $300.1 billion; contracts, grants, and loans $219.5 billion; and entitlements $216.3 billion.

Has the ARRA proven to be effective? By most estimates, the stimulus, along with a strong dose of monetary measures by the Federal Reserve, prevented a bad economic recession from getting worse. In 2008-09, the private sector had ceased to generate much economic activity, and without the increased aggregate demand from the government side, unemployment would likely have risen much further, contributing to hundreds of thousands of additional layoffs.

If you want details on the Recovery Act spending, go to Recovery.gov. Here you can drill down by state, congressional district, even zip code, to determine where the funds went.

How much did E-town get by way of federal contract, grant, and loan awards? Here’s the data for 17022:

Total Amount: $11.8 million
Period: February 17, 2009 – October 30, 2011
# of Awards: 8
Total Population: 30,118

Recipients

1. Borough of Elizabethtown, $8.3 million, of which $8 million for train station renovation.
2. EASD, $2.2 m – to maintain educational programs, curriculum and instructional staff levels
3. E-town College, $390,000, of which $330,000 to acquire a spectrometer (NSF grant)
4. Leo Kob Co, $910,000, to construct Troop Training Quarters (Air Force project)
5. Masonic Village, $100,00 – energy conservation

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  1. This is very useful information. And The comment, “By most estimates, the stimulus, along with a strong dose of monetary measures by the Federal Reserve, prevented a bad economic recession from getting worse. In 2008-09, the private sector had ceased to generate much economic activity, and without the increased aggregate demand from the government side, unemployment would likely have risen much further, contributing to hundreds of thousands of additional layoffs.” may seem to be in conflict with some of the assertions in the previous post “He’s a Successful Businessman….”. In fact it is not. The previous post was focusing primarily on the initial part of the response known as TARP (Troubled Asset Relief Program) and the sometimes stealthily-made fund transfers by the Government and the Fed. In fact, many of those who have adopted the neo-liberal philosophy complex were opposed to much of ARRA or any plan filtered through the government.

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