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Next steps for stimulus

NA-BE342A_STIMY_NS_20100216215620.gif

As something of a follow-up to the previous post, this Wall Street Journal graphic (look up) is a neat way of conceptualizing the composition of the program and the trends in the spending. Year one focused on the spending that's quickest to deliver: Tax cuts and support for existing social services. Year two is when the infrastructure spending really enters the mix. There's $195 billion left in tax cuts to dole out, and quite a bit left in the support for public programs, as well.

The problem for the stimulus is that the money stops pretty abruptly in year three. The infrastructure spending is ongoing, but the tax cuts and public programs largely stop. Aside from health-care reform, extending those elements is likely to be the Senate's main focus this year.

By Ezra Klein  |  February 17, 2010; 4:23 PM ET
Categories:  Stimulus  
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Comments

Ezra Klein,
When you stated that a very small miniscule amount may have been mispent you cannot have read the bill. It is a lot of pages I warrant but there are many many expenditures for very meaningless projects like a turtle tunnel in Tampa, a study of the sexual habits of college coeds just to name a couple and there are many more that are pure pork. Also jobs were entirely in the public sector and the vast majority are not still existing and were for 2-6 months or less. Lasting jobs in the private sector were not created at all. Many of the jobs saved were exactly that as government jobs and some Public sector union jobs or bail-outs for union programs retaining union workers.

Posted by: bclark5 | February 17, 2010 5:43 PM | Report abuse

Great chart, thanks for posting, it answered my question (in the comments of an earlier post) about the status of stimulus dollars. However, the fact that only $93 billion of tax cuts have been paid kind of takes some wind out of the sails of your point in the previous post (on tax cuts not creating jobs, b/c you use the @288 bn figure). However, what's worse is Olbermann parrotted your point on that tonight, without providing the context of this chart. Sorry to say it - but I don't have as much respect for how issues are explained on cable news as I do for how it is explained on sites like yours..

Posted by: gocowboys | February 17, 2010 8:28 PM | Report abuse

Of course there is going to be pork in a bill. There has to be pork in order to get a bill through congress. But what percentage of the bill is pork? If it is more than 25% pork, then you are right to complain.

... But how many jobs does the bill create? Would you prefer that all those people NOT work in order to prevent the construction of that turtle tunnel?

Posted by: michael_chaplan | February 17, 2010 9:17 PM | Report abuse

slush fund.In california we have used the money for saving state and county union jobs that would have been cut by now.So a year later we are now making those cuts.Delay of necessary cuts in labor and services have only provided a dull rusty knife and extended the pain to those state and county workers.When sold to the country we were told the money needed to get to the people fast,and would reduce unemployment it has done neither.Like the credit card bill and mortgage assistance all smoke and mirrors.I am laughing at the three marxists running our country into the mire of debt and dismay,knowing we will soon forget them and move on to repair the damage caused to our childrens freedom and solvency....

Posted by: jmounday | February 18, 2010 9:37 AM | Report abuse

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