Similarly, after a
period of stimulus spending that increased spending and debt, the government is moving its spending back to traditional levels.
Bank of Montreal chief economist Doug Porter says he might not advise a new
round of stimulus spending as long as the economy is «plodding» along, but it also would not concern him.
Worse, PBO head Kevin Page claimed that the bulk of this deficit was «structural» — that is, not a
consequence of the stimulus spending and automatic stabilizers that kicked in during the recession.
With the ending
of the stimulus spending announced in the Economic Action Plan, coupled with the incremental impacts of the various restraint measures announced in previous budgets, one would have expected a much larger improvement in the deficit for 2013 - 14.
Biden, in 2009, was put in
charge of the stimulus spending approved in the wake of the recession — government funds meant to support a host of local - level projects.
Whether a better grid would be considered an infrastructure investment
worthy of stimulus spending by the Obama administration is not clear; the work would not produce legions of jobs and would create economic benefits only slowly.
To reassure a public that thinks at least
half of the stimulus spending has been wasted and has recoiled at inside deals like the late and unlamented «Cornhusker kickback,» as well as states that come up empty, you'd think Duncan would be at pains to make the evaluation process as transparent and credible as possible.
The immediate
impact of stimulus spending also tends to be muted in open economies like Canada's, where money easily flows across borders — an uptick in GDP is likely to be offset by a corresponding rise in the value of the loonie, which, in turn, weighs down exports.
One alternative that's been under development at Michigan State University for years is picking up momentum, in large part because of $ 2.5 million in seed money as
part of the stimulus spending from the Advanced Research Projects Agency, Energy, in 2009.
The president is scheduled to announce the financing plan at the Argonne National Laboratory near Chicago, which received money in early
stages of the stimulus spending during the recession for research aimed at improving vehicle batteries.
One interesting facet of the graph above is how
much of the stimulus spending has been focused on carbon capture and sequestration, the process of catching CO2 as it leaves a power plant, compressing it and stashing it in the earth for safekeeping.
Rail at Center of Stimulus Package China's high speed rail build - out is at the front and
center of its stimulus spending, in large part out of fear: little is more intimidating to Beijing's leaders than the sight of thousands of unemployed workers.
Silver, however, said he saw no possibility that the federal government would provide the states with a third
round of stimulus spending, especially since Republicans will control the House of Representatives next year.
With the
ending of the stimulus spending, the deficit is forecast to decline steadily over the medium term, with a surplus expected towards the end of the period (2015 - 16 or 2016 - 17).
With the ending
of the stimulus spending, coupled with the incremental impacts of the various restraint measures announced in previous budgets, one woulkd have expected a much larger improvement in the deficit for 2013 - 14, from that reported in 2012 - 13.
Despite $ 1 - trillion (US)
of stimulus spending, America is still struggling under enormous debt and trying to stave off deflation.
But America's government, despite $ 1 - trillion (U.S.)
of stimulus spending, isn't doing nearly enough.