Heavy Lifting - thoughts and web finds by an economist
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Sunday, February 15, 2009

Here is hope and change

Here is an "executive summary" of the bailout/sellout plan. One wonders if those who voted for the plan had a chance to see a list as detailed as this one?

Here a few choice nuggets:

  • $13 billion for Title 1 to help close the achievement gap and enable disadvantaged students to reach their potential.

  • $1 billion total for NASA.
  • $2 billion for the redevelopment of abandoned and foreclosed homes.
  • $7.2 billion for Broadband to increase broadband access and usage in unserved and
    underserved areas of the Nation, which will better position the U.S. for economic growth, innovation, and job creation.
  • $53.6 billion for the State Fiscal Stabilization Fund, including $39.5 billion to local school districts using existing funding formulas, which can be used for preventing cutbacks, preventing layoffs, school modernization, or other purposes; $5 billion to states as bonus grants for meeting key performance measures in education; and $8.8 billion to states for high priority needs such as public safety and other critical services, which may include education and for modernization, renovation and repairs of public school facilities and institutions of higher education facilities.
  • $12.2 billion for Special Education/IDEA to improve educational outcomes for disabled children. This level of funding will increase the Federal share of special education services to its highest level ever.
  • Stimulus? Not really. Permanent increase in spending? More likely.

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