Our colleagues at the Yankee Institute have published a new study on stimulus spending in Connecticut. Among the highlights:
The majority of that money goes to relatively strong industries: The two industries that get the most stimulus funding - health care and public education - are also the two industries least affected by the current recession. These sectors, along with government employment, have actually added jobs during the current recession.
Spending in the future isn't stimulative today: Despite all the talk of "shovel-ready" projects, the Congressional Budget Office analysis of ARRA estimates that only 21 percent of spending will take place this fiscal year.
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