Tuesday, March 9, 2010

More money about to go up in smoke

I'm hearing that a $149billion "jobs bill" has just passed a procedural hurdle in the Senate.

Just in the nick of time, too.

Of the $787 stimulus bill - I wouldn't want to confuse that with a jobs bill - $499billion remains to be awarded.  I say awarded instead of spent, because even after being awarded much of this money is just lying around.

Even in the most direct job-creating piece of the stimulus (Contracts, Grants and Loans), $193billion of the $275billion total has not even been awarded yet.  These people simply do not care.

From Recovery.gov

Copyright 2010 AlphaNinja

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