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Tuesday, January 13, 2009

Don't call it stimulus

Politico reports that parts of the so-called Obama stimulus package is going to include increased aid to states to help them pay their education expenses for two years.
Federal aid for education could grow as much as $140 billion under a two-year economic stimulus bill now taking shape in Congress, where Democrats are proposing a new block grant for states and a $15 billion expansion of annual Pell grants to low-income college students.

The numbers are sure to be refined as House and Senate Appropriations Committees complete their drafts this week. But like Medicaid, education has clearly emerged as a favorite channel through which Washington will pump massive amounts of aid to states struggling with huge budget deficits aggravated by the economic downturn.
States, many of which are required to produce balanced budgets are really suffering right now with the economic downturn. The federal government may feel the need to step up to help out. But that is not stimulus in the sense of pumping money into the economy as fast as possible to get the economy growing as soon as possible. They claim that there will be a two-year limit in this money and that states will have to be back on their feet after that time. Sure, I'm certain that that will happen. We've seen how rarely federal spending on some program goes down once it has been allocated the first time.

Just labeling it stimulus doesn't make it a stimulus. But I guess the feeling is that they can pack in every spending measure they support and call it stimulus and get a dispensation from the public for the massive increase in federal spending.
Labels: Education

posted by Betsy Newmark permalink 6:26 AM 0 comments

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Politico reports that parts of the so-called Obama stimulus package is going to include increased aid to states to help them pay their education expenses for two years.

Federal aid for education could grow as much as $140 billion under a two-year economic stimulus bill now taking shape in Congress, where Democrats are proposing a new block grant for states and a $15 billion expansion of annual Pell grants to low-income college students.

The numbers are sure to be refined as House and Senate Appropriations Committees complete their drafts this week. But like Medicaid, education has clearly emerged as a favorite channel through which Washington will pump massive amounts of aid to states struggling with huge budget deficits aggravated by the economic downturn.

States, many of which are required to produce balanced budgets are really suffering right now with the economic downturn. The federal government may feel the need to step up to help out. But that is not stimulus in the sense of pumping money into the economy as fast as possible to get the economy growing as soon as possible. They claim that there will be a two-year limit in this money and that states will have to be back on their feet after that time. Sure, I'm certain that that will happen. We've seen how rarely federal spending on some program goes down once it has been allocated the first time.

Just labeling it stimulus doesn't make it a stimulus. But I guess the feeling is that they can pack in every spending measure they support and call it stimulus and get a dispensation from the public for the massive increase in federal spending.

Labels: Education

posted by Betsy Newmark permalink 6:26 AM 0 comments

Comments: Post a Comment

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Tuesday, January 13, 2009

Don't call it stimulus

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HOME Betsy neither necessarily uses, nor endorses, the products advertised on this site. The truth about Avesil Cheap Hosting Atlanta Bankruptcy Attorney Dallas Bankruptcy Attorney Wikio Get exclusive travel deals and book discount cheap flights Online Bachelors Degree Comments from an AP history and government teacher in Raleigh, NC. e-mail betsynewmark AT gmail.com Commissions earned from selling items through Amazon will go towards buying materials for my classes. Thank you. Site Feed		Tuesday, January 13, 2009 Don't call it stimulus Politico reports that parts of the so-called Obama stimulus package is going to include increased aid to states to help them pay their education expenses for two years. Federal aid for education could grow as much as $140 billion under a two-year economic stimulus bill now taking shape in Congress, where Democrats are proposing a new block grant for states and a $15 billion expansion of annual Pell grants to low-income college students. The numbers are sure to be refined as House and Senate Appropriations Committees complete their drafts this week. But like Medicaid, education has clearly emerged as a favorite channel through which Washington will pump massive amounts of aid to states struggling with huge budget deficits aggravated by the economic downturn. States, many of which are required to produce balanced budgets are really suffering right now with the economic downturn. The federal government may feel the need to step up to help out. But that is not stimulus in the sense of pumping money into the economy as fast as possible to get the economy growing as soon as possible. They claim that there will be a two-year limit in this money and that states will have to be back on their feet after that time. Sure, I'm certain that that will happen. We've seen how rarely federal spending on some program goes down once it has been allocated the first time. Just labeling it stimulus doesn't make it a stimulus. But I guess the feeling is that they can pack in every spending measure they support and call it stimulus and get a dispensation from the public for the massive increase in federal spending. Labels: Education posted by Betsy Newmark permalink 6:26 AM 0 comments Comments: Politico reports that parts of the so-called Obama stimulus package is going to include increased aid to states to help them pay their education expenses for two years. Federal aid for education could grow as much as $140 billion under a two-year economic stimulus bill now taking shape in Congress, where Democrats are proposing a new block grant for states and a $15 billion expansion of annual Pell grants to low-income college students. The numbers are sure to be refined as House and Senate Appropriations Committees complete their drafts this week. But like Medicaid, education has clearly emerged as a favorite channel through which Washington will pump massive amounts of aid to states struggling with huge budget deficits aggravated by the economic downturn. States, many of which are required to produce balanced budgets are really suffering right now with the economic downturn. The federal government may feel the need to step up to help out. But that is not stimulus in the sense of pumping money into the economy as fast as possible to get the economy growing as soon as possible. They claim that there will be a two-year limit in this money and that states will have to be back on their feet after that time. Sure, I'm certain that that will happen. We've seen how rarely federal spending on some program goes down once it has been allocated the first time. Just labeling it stimulus doesn't make it a stimulus. But I guess the feeling is that they can pack in every spending measure they support and call it stimulus and get a dispensation from the public for the massive increase in federal spending. Labels: Education posted by Betsy Newmark permalink 6:26 AM 0 comments Comments: Post a Comment