Do You Know Where the Money Is Going?

You may know that Obama is calling for a new stimulus plan. But do you know how the money is actually being divvied out?

• $58 billion - Energy
  
  
  
  • $32 billion – towards funding a smart electricity grid
    
  • $20 billion+ -Tax credits and cuts related to renewable energy and research for clean/efficient energy
    
  • $6 billion - Weatherize modest-income homes
    
  
  
• $275 billion - Tax cuts:
  
  
  
  • Tax credit of $500 a person/ $1,000 for married couples, targeting payroll taxes
    
  • $2,500 tax credit for of higher education, up to 4 years
    
  • $7,500 first-time home buyer's credit, does not have to be repaid
    
  
  
• $141.6 billion - Education
  
  
  
  • $62 billion - School districts, modernizing schools
    
  • $39 billion – Aid to school districts/public colleges to prevent cuts in services
    
  • $15.6 billion - Reward states reaching performance standards
    
  • $25 billion - Prevent layoffs
    
  
  
• $90 billion - Infrastructure:
  
  
  
  • $30 billion - Highways
    
  • $10 billion - Rail/transit
    
  • $31 billion – Making public buildings energy efficient (saves money in the long run)
    
  • $19 billion - Water projects
    
  
  
• $102 billion - Aid to the poor and unemployed
  
  
  
  • $43 billion – Unemployment and job training
    
  • $39 billion – Unemployment health insurance
    
  • $20 billion - Food stamp benefits increased b y 13%
    
  
  
• $111.1 billion - Health care
  
  
  
  • $87 billion – Aid for Medicaid
    
  • $20 billion – Computerization of health records
    
  • $4.1 billion – Making sure patients are getting the best treatment and preventing health problems
    

The infractructure program in particular sounds like a good plan since it will create many new jobs. I suggest you read the USA Today article since it gives a good description of how the money will help the different areas the money is being relegated to.