Only 6% of Stimulus $ has been paid out.

[dkf]

http://www.nytimes.com/2009/05/13/us/politics/13stimulus.html?_r=1

Stimulus Aid Trickles Out, but States Seek Quicker Relief

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By MICHAEL COOPER
Published: May 12, 2009

Nearly three months after President Obama approved a $787 billion economic stimulus package, intended to create or save jobs, the federal government has paid out less than 6 percent of the money, largely in the form of social service payments to states.

Although administration officials say the program is right on schedule, they have actually spent relatively little so far.

The stimulus bill has directly injected around $45.6 billion into the economy, mostly to help states cover the costs of Medicaid and unemployment benefits, one-time $250 checks that were mailed to Social Security recipients last week, and income tax cuts that began to take effect this spring.

Although states around the country are beginning roadwork projects, the Department of Transportation had spent only about $11 million on highway projects through the first week of May.

The intent of the stimulus program was to pump money into the economy quickly, and many members of Congress said at the time of its passage that speed was of the essence. But the huge program has been a challenge to administer for both a new administration and for states and local governments grappling with their own fiscal problems.

http://www.nytimes.com/2009/05/13/us/politics/13stimulus.html?_r=1

[mkultra]

1. if thats true they need to speed up

That money needs to get out the door very soon.