Monday, February 9

U.S. Financial Crisis: American Recovery and Reinvestment Act of 2009

The United States is in the midst of a serious financial crisis. The American Recovery and Reinvestment Act of 2009 is a new plan to address the crisis currently being debated in the U.S. Congress. It was passed by the House of Representatives on January 28, 2009, but must also pass the Senate before it can be presented to the President to sign into law. This bill proposes unemployment and welfare expansion, tax cuts, and investment in infrastructure, healthcare, education, and energy.

Some of the goals of the Act are to:

Create 3 to 4 million jobs over the next two years.
Computerize every citizen's medical records in five years.
Double renewable energy generating capacity over three years.
Provide healthcare coverage for nearly 8.5 million Americans.
Enhance the security of 90 major ports.
Increase food stamp benefits for over 30 million Americans.
If the Act is passed, citizens will have the ability to see how the funds are spent at Recovery.gov.

http://answers.usa.gov/cgi-bin/gsa_ict.cfg/php/enduser/std_adp.php?p_faqid=8486

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