NY Times has an article regarding the stimulus package which the House passed yesterday. The article breaks the package down into its components, and describes how each piece may help the overall component.
- Tax Cuts - question whether people will spend tax breaks or payoff debt or save.
- Aid To States - relatively effective for struggling states (consideration: states cannot print their own money, the federal government can).
- Infrastructure - question value to economy, may just increase deficit
- Education / Health Care/ Alternative Energy - little near term help for economy
- Automatic Stabilizers - Food stamps and unemployment benefits
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