ACCORDING TO U.S. Rep. Jim Moran (D-8), the American Recovery and Reinvestment Bill of 2009, also known as the economic stimulus, will be marked up, voted on and passed through both houses of Congress before the end of the month.
The bill, which was introduced last week, will contain more than $500 billion in spending that — coupled with more than $200 billion in tax cuts — Congress hopes will stimulate the economy and drag the country out of recession.
But where will all this spending go? No one’s exactly sure, Moran said, and that is why now is the time for localities across the country to be lobbying for a piece of this federal funding.
“The biggest threat, these economists tell us, is that whatever the government does it will be too little and too late. So we’re going to act posthaste,” Moran said. “Those communities, those organizations that are ready with projects that can begin immediately are the ones who are going to get the money.”
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