Maybe this is why the stimulus isn’t creating tons of jobs yet

July 8, 2009

Here is what the Government Accounting Office is saying about the progress of stimulus spending:

Across the United States, as of June 19, 2009, Treasury had outlayed about $29 billion of the estimated $49 billion in Recovery Act funds projected for use in states and localities in fiscal year 2009.

And how is that $29 billion being spent? Like this (hint, not on infrastructure projects):


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