Monday, February 9, 2009

American Recovery and Reinvestment Act of 2009


"The question we ask today is not whether our government is too big or too small, but whether it works—whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. Those of us who manage the public's dollars will be held to account—to spend wisely, reform bad habits, and do our business in the light of day—because only then can we restore the vital trust between a people and their government."

President Barack Obama in his Inaugural Address

It is expected that the American Recovery and Reinvestment Act will be signed by the President on February 16, assuming we can get it passed. That legislation won't list the projects to be funded. Instead, it will appropriate money for federal grant programs, such as the Community Development Block Grant (CDBG) or Surface Transportation Program, which will then use the appropriated stimulus money to make grants to cities.

In the case of CDBG, for example, the Department of Housing and Urban Development will be the agency that will decide (using a formula) which of the projects requested by the mayors will be funded. That said, the funding Congress approves for these programs, and thus how much money cities will actually receive for their projects, may exceed or fall short of the mayors' suggestions.

This means that not every project requested by the mayors will be funded. And that is why it's important for citizens to register their opinions on which projects they believe are critical and which are not.

The best site so far, non governmental, is StimulusWatch. Clean Site ...use it.

StimulusWatch.org was built to to help the new administration keep its pledge and to hold public officials to account.

No comments: