Thursday, March 12, 2009

Gov Breaks Down Bailout Money

In case you're wondering where the bailout monies are going, the government has a breakdown here:

It's not a perfect breakdown--the government puts $8 billion into the category of "Other." As Krugman and other economists have pointed out, the stimulus may not be enough to create jobs, because around 20% of the monies are going to prevent government job cuts/layoffs. I would like to see a breakdown of which government employees/entities are receiving the $144 billion. That area is ripe for abuse and corruption, because the government is doling out money to itself.

The Peterson Foundation's analysis is below:

No comments: