The Obama Economic Recovery Package to stimulate the economy.
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Posted By: Marta Fernandez on February 07, 2009 -Breakdown and where the funds are currently being allocated. Please understand when the bill passes in the Senate, it will go to a "Special Committee" for review and consideration, then back to the House and Senate for final confirmation. As you all know, today the unemployment numbers were released 598,000 jobs lost in the month of January. Transportation MORE THAN $43 BILLION IN TRANSPORTATION INFRASTRUCTURE INVESTMENTS $27 BILLION FOR HIGHWAY, ROAD AND BRIDGE INVESTMENTS $8.4 BILLION FOR PUBLIC TRANSIT INVESTMENT $2 BILLION FOR HIGH SPEED RAIL $1.3 BILLION FOR FAA AIRPORT IMPROVEMENT FACILITIES AND EQUIPMENT $850 MILLION FOR AMTRAK $250 MILLION FOR GRANTS TO STATES FOR INVESTMENT IN HIGH SPEED AND INNER CITY PASSENGER RAIL $100 MILLION TO MARITIME ADMINISTRATION FOR ASSISTANCE TO SMALL SHIPYARDS Education MORE THAN $76.8 BILLION IN EDUCATION INVESTMENTS $39 BILLION FOR STATE FISCAL RELIEF TARGETED DIRECTLY FOR EDUCATION $13.9 BILLION FOR PELL GRANTS $13.5 BILLION FOR SPECIAL EDUCATION FUNDING -- This would bring the federal government closer to the promised 40 percent of the national average per pupil expenditure for every child in special education. This will help relieve the increasing burden at the local level to cover the rising costs of special education, and allow districts the flexibility to retain support staff and teachers in the classrooms where they are so desperately needed. $10.4 BILLION FOR TITLE I- The additional investment in Title I is a critical investment towards children in poverty. As more and more children are classified as poor during this economic downturn, this substantial additional investment will help local school districts ensure that their academic needs are being met. ENVIRONMENT $6.4 BILLION FOR WATER AND SEWER INFRASTRUCTURE Work Force MORE THAN $3 BILLION FOR JOB TRAINING $3.25 BILLION FOR WORKFORCE INVESTMENT PROGRAMS $160 MILLION FOR JOB CORPS HEALTHCARE $87 BILLION IN TEMPORARY AND TARGETED MEDICAID RELIEF TO STATES Leading economists have found that targeted aid of this sort will generate increased economic activity of $1.36 for every $1 spent. Moreover, with unemployment up, the number of people who are eligible for Medicaid also rises. Increasing the federal investment in Medicaid will shore up the safety net for those vulnerable families. HOUSING $5 BILLION FOR SUPPLEMENTAL GRANTS TO PUBLIC HOUSING AUTHORITIES FOR CAPITAL NEEDS ENERGY $4.7 BILLION FOR STATE AND LOCAL ENERGY EFFICIENCY BLOCK GRANTS $4.4 BILLION FOR SMART GRID to improve the reliability of electricity transmission grid $2.9 BILLION FOR WEATHERIZATION PROGRAMS $2 BILLION FOR ADVANCED BATTERY MANUFACTURING $7 BILLION FOR LOAN GUARANTEES FOR STANDARD RENEWABLES HOMELAND SECURITY $800 MILLION FOR CONSTRUCTION OF PORTS OF ENTRY $500 MILLION FOR FIREFIGHTERS ASSISTANCE GRANTS SCIENCE $1.2 BILLION FOR NATIONAL SCIENCE FOUNDATION If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
Comments
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Hello Clark--I remember there are specifics in his book regarding 8a set asides!"Change we Can Believe In--
Sunday, February 8th 2009 at 3:58PM |
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Bill Cooper
HI Marta! It's been a while. I have been busy in several locales in Alabama, Florida, Georgia, and Tennessee anticipating how our company's role will play out in putting cash "directly into the hands of main street individuals, the homeless, rural residents, those of low income in general. We are ready to distribute any "cash in hand" payments called for in this stimulus package. It is our style to go directly to those who would feel "there is nothing in it for me", the churches, local agencies such as the department of human resources, Spanish-American advocacy repre- substitute teacher, consultant, former law student at City Board of Education, freelance paralegal,business consultant sentatives and the like. I am following your comments and value any points of view you are receiving and evoking from your other respondents. As a result I sent out an email on hbcuconnect.com, regarding the incredible number of persons eligible for but ap- parently will not file for their earn income tax credit in 2009 and earlier years. You should have received your copy for reviewing. When you get a chance, go to the IRS website (www.irs.gov and try out their new interactive tool they call the EITC ASSISTANT. It is really neat in helping to determine who is a candidate for this tax benefit and payment amount: One of our recent clients was determined to be due $70 as her earned income credit: she has no children, is a mentally challenged young lady who transports others to keep appointments, runs errands for them and earns about $1000 a year to supplement her SSA/SSI monthly payments. This temporary 'boost" in income was a godsend in these difficult economic times. Think of how many more eligibles out there. So, spread the word, especially of the EITC ASSISTANT. We'll chat more and compare notes later as we await the final outcome that rolls out to President Obama for his signature! Sunday, February 8th 2009 at 7:45PM |
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hey bill cooper--too cool! will do just that!!
Monday, February 9th 2009 at 4:37PM |
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Yeah it's "We the People" or as you and remember "Power to the People"!
Thursday, February 12th 2009 at 10:00AM |
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