March 26, 2009

Stimulus Plan

Marcia Franklin and her guests demystify some aspects of the American Recovery and Reinvestment Act of 2009 (ARRA), designed to help stimulate America's sagging economy. Almost half of the nearly $800 billion in ARRA funds will be devoted to federal social programs, with another $288 billion going to tax cuts and $144 billion going to state and local municipalities.

Franklin and her guests will talk about where the money will be spent, including the $45 million in discretionary state funds, which Gov. Otter has proposed to spend mostly on road building and water projects. They will also talk about ways in which entities such as universities and businesses are applying for stimulus money through federal agencies, and whether the plan will help Idaho's economy.

Guests include: U.S. Rep. Walt Minnick (D-ID); U.S. Rep. Mike Simpson (R-ID); Wayne Hammon, administrator of the Idaho Division of Financial Management; and Marty Peterson, former administrator of the Division of Financial Management and a member of Gov. Otter's Stimulus Committee.

Read the Summary on HR 1, the American Economic Recovery and Reinvestment Act (the "stimulus" bill). The measure won final Congressional approval on Friday, February 13, 2009.