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December 5, 2009
Graph of the Day for December 5, 2009
"House Speaker Nancy Pelosi said yesterday that the federal government may have to spend even more money to shore up the nation's ailing economy, on top of the more than $1.6 trillion so far approved by Congress." The Washington Post, March 2009.
"When I look at those unemployment projections... That is, to me they make the case FOR another stimulus." Paul Krugman, July 2009.
"If there is to be another stimulus -- and that's being hotly discussed and very seriously considered within the administration as well as members of Congress -- it needs to be very targeted, very specific and we need to be very mindful of the deficit as well." Gary Locke, Commerce Secretary, November 2009.
"A second stimulus would be helpful." Robert Reich, December 3, 2009.
Source: The Reason Foundation's Annual Privatization Report.
Hoven's Index for December 5, 2009
Percentage increases in Federal Budget spending categories, from FY2008 to FY2009:
Social Security: 8.6%.
Unemployment benefits: 154.8%.
Overall: 18.2% (from $2.978 trillion to $3.522 trillion).
Source: Congressional Budget Office's latest (Nov 2009) Monthly Budget Review.
Graph of the Day Archive.