In the Loop
The 50-Year Recovery Plan
By Al Kamen
The White House is pledging to make sure all taxpayers know exactly how the money in that nearly $1 trillion stimulus plan -- also known as the American Recovery and Reinvestment Act -- is being doled out. To that end, they've set up a Web site, www.recovery.gov, featuring a short video explanation from President Obama saying the site "will be the online portal for these efforts."
The site will "provide projections, based on the planning that went into the legislation," he says, and "once the money starts to go out ... you will be able to see where and when it is spent." Obama urges us to "take a look now, but come back often," because the site "will changing and growing a lot in the weeks and months ahead."
Or maybe the years ahead.
There's a handy "Timeline" at the bottom to chart the milestones.
For example, on March 3, federal agencies were to "begin reporting use of funds." In May, the agencies are to report on "allocations for entitlement programs" and begin reporting on grants and contracts. On July 15, recipients are to start reporting on their use of the money.
After that, the dates are not filled in, not even a date for an annual report. But the timeline goes on and on. And on. And on. All the way to at least the 50th year of the Obama presidency. Exhaustion prevented us from scrolling further, but it looks like this economy is going to need stimulating for a long time to come.
Posted at 12:17 PM ET on Mar 10, 2009
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