32 flavors of stimulus, ordered by deliciousness
The table above comes from CBO's most recent report (pdf) on the stimulus, by way of Brad DeLong. What you're seeing -- and click on it to see it larger -- are estimates of the multipliers on various stimulus projects. Estimates, in other words, of how much stimulus the government gets for its dollars. Before we get into it, it's worth tossing this CFRB graph showing the composition of the stimulus package:
Leading the list of high-multiplier items is direct spending by the federal government, infrastructure aid to states and localities, other types of aid to states and localities, and transfer payments (think unemployment insurance and food stamps) to individuals. At the bottom of the list are corporate tax cuts, the new homeowner's tax credit and individual tax cuts.
Of course, of that list, the only policy we've rushed to expand is the homeowner's tax credit, which turns out to be among the two worst approaches if you're worried about stimulus. The good news is that Kent Conrad says there's support for expanding aid to states and localities in the Senate, but I'll believe that when I see it.
December 2, 2009; 11:41 AM ET
Categories: Charts and Graphs , Stimulus
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