Stimulus slush? NY Torch

[See update at end of item.] Buried in one of the nine state budget bills now pending in Albany is what looks like a $1 billion federal stimulus aid slush fund, which could be "suballocated" by the governor to "to any state department, agency or publ...

It’s official: most stimulus $ will be spent NY Torch

Governor Paterson and state legislative leaders announced today that they've agreed to use most of New York's unfettered federal stimulus money to restore spending to the governor's budget and to avoid any further spending cuts.  The result will be ...

Not quite Japan NY Torch

Today's Times article on the lessons that America can draw from Japan's experience in investing in public works as economic stimulus made some good points. However, some of the numbers the article cites -- on which kind of public investments delive...

Bloomberg’s budget: The good, the bad, and the ugly NY Torch

Mayor Bloomberg announced his budget this afternoon for the fiscal year that starts in July. The mayor expects that a combination of federal stimulus, state funds, tax hikes, spending cuts, and labor givebacks will close a $4 billion budget gap tha...

Stimulus and infrastructure: What’s in the bill now? NY Torch

The House passed the $819 billion stimulus last night. The final version contains some amendments that affect the (tiny) infrastructure-investment part of the bill. Two amendments are good, though not good enough to outweigh the fact that only five p...

Another “stimulus” myth NY Torch

In a passage reflecting House Democratic spin on the supposed economic benefits of the stimulus package, today's Washington Post reports that the bill includes aid "that many economists agree will enter the economic bloodstream quickly and trim furth...
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