And now they are coming down.
"Anxiety rises as stimulus dries up; Federal cuts may stall state recovery" August 22, 2011|By Casey Ross, Globe Staff
Massachusetts is running low on tools to boost the economy as the state exhausts its federal stimulus money amid renewed economic turmoil and looming budget cuts in Washington that could strip millions of dollars from key programs.
Of the $7.4 billion in US stimulus funds awarded to the state in 2009, only about $300 million, or roughly 4 percent, is left to deploy, according to officials in Governor Deval Patrick’s administration. Most of the stimulus programs will wind down during the next six months - when officials said the state will most need help in staving off a second recession.
Actually, the first one never ended for most of us.
“We’ve got to keep up a head of steam right now, and I wonder whether we’re going to be able to keep it going,’’ said Jeffrey Simon, director of the Massachusetts Recovery and Reinvestment Office, charged with overseeing the state’s stimulus funds. “I see the positive impact it’s had on people here, so I’m a little puzzled by what’s going on in Washington.’’
Although economists debate the overall impact of the $787 billion stimulus package, most agree on two points: It acted as a buffer against the worst downturn since the Great Depression by creating much-needed jobs; at the same time, however, it has failed to lift the economy out of a malaise that appears to have deepened in recent weeks.
What jobs are they f***ing talking about?
Related: Administration Telling the Truth About Stimuloot
Have YOU had it with the AGENDA-PUSHING BULLSHIT, dear readers, because I SURE HAVE!!
Btw, a STIMULUS means CREATING a GOING CONCERN that will CONTINUE to GROW and CREATE JOBS -- not a BACKFILL(?) so NOT AS MANY LAY-OFFS will occur!
Even the FRAMING of the "debate" by the media is a DISTORTION!
By some measures, the Massachusetts economy is faring better than the nation’s....
And by OTHER MEASURES: Boston Globe Giving You the Business
But....
What is ONE MORE LIE in an ENDLESS PARADE of them in the PAPER, 'eh?
The possible impact of cuts to those programs is illustrated by a key fact: Even with stimulus spending on private-sector development, Massachusetts is not collecting as much tax revenue as it did in fiscal year 2008, a sign of underlying economic weakness from consumers pulling back on spending and employers putting off hiring....
What it tells is THERE NEVER WAS ANY "recovery."
The only "recovery" was AT the TOP,
Wonder what a shit rush feels like, readers?
--more--"
Makes you sick, doesn't it?
