Posts Tagged ‘stimulus’
According to data obtained from recovery.gov (the federal government’s official American Recovery and Reinvestment Act website), San Diego County’s five congressional districts were awarded a combined total of $1,712,455,003 in stimulus funds during the first quarter of 2010. In this same time period, stimulus recipients reported that in exchange for the awarded tax dollars, 1,955.3 jobs were created. So, after doing a bit of long division, this Rostrafian has concluded that it takes approximately $875,801 to create 1 job in San Diego.
The White House has announced a new program to help seniors next year. In lieu of a cost-of-living increase in their monthly Social Security checks, the Obama Administration has asked that $250 checks be sent out to curb the soon to be outcry.
For the first time in years seniors will not get a cost-of-living increase inserted into the monthly checks. Last year the Bush Administration doled out a 5.8 percent increase to Social Security checks.
Responding to concern that is sure to cause hardship, the President has decided to address the issue head on. “Even as we seek to bring about recovery, we must act on behalf of those hardest hit by this recession,” Obama stated. Keep reading http://www.examiner.com/x-10317-San-Diego-County-Political-Buzz-Examiner~y2009m10d14-Obama-proposes-250-stimulus-checks-for-seniors
In February of this year, the President signed into law the American Recovery and Reinvestment Act of 2009 (H.R. 1), also known as the stimulus bill, allocating $787 billion to create jobs and to stimulate the economy. Today, according to the State of California’s Employment Development Department, San Diego County is facing the highest unemployment rate in recent history: 10.2 percent. Statewide unemployment in the Golden State has risen to 12.2 percent, and this number is projected to increase.