Sunday, February 15, 2009

Obama Government passes 787 Billion Dollar Bill - American Recovery and Reinvestment Act of 2009.

Omaba Government has passed $787 billion stimulus bill which will reach its book and become a law when President Obama signs it .The bill got 60 votes the minimum it needed to pass with support from just 3 republicans.

Where would the Stimulus Money go?

Some $308.3 billion or 39 percent will go for appropriations spending Which also includes $120 billion on infrastructure and science and more than $30 billion on energy-related infrastructure projects and more.
Some $267 billion or 34 percent on direct spending, including increased unemployment benefits and food stamps.
And finally $212 billion or 27 percent for tax breaks for individuals and business.This is what all the normal people will be interested in soon i will break down this part.

This Bill is called American Recovery and Reinvestment Act of 2009.Via

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