Uncategorized

Economic Recovery Act is a tourniquet

A new report from the Center on Budget & Policy Priorities found that the Economic Recovery Act (ARRA) has served as an economic tourniquet of sorts in keeping at least 200,000 North Carolinians from living in poverty this year.

Provisions like increased food stamp benefits, the Making Work Pay Tax Credit, unemployment insurance extensions, and expansions of current tax credits like the Earned Income Tax Credit have proved critical to the thousands of North Carolinians struggling in this Great Recession.

But the Recovery Act is doing more than just stopping the bleeding—it’s also significantly boosted economic activity and preserved or created thousands of jobs. In other words, it’s helping us heal.

One Comment


  1. Charles Malone

    December 17, 2009 at 4:35 pm

    It is encouraging to hear good news about recovery efforts by the federal government, for, Lord knows, we will hear what is not working or what is making things worse.

    It took a while for our country to get into the economic mess it is in and it will take a while to climb out of the same economic mess. The right path is always a cooperative effort between the government and the private sector, not one against the other.

    Charles Malone
    Raleigh

Check Also

Falling Behind: State funding for early care & education plummets

Despite a contracting economy over the course of ...

Top Stories from NCPW

  • News
  • Commentary

Congress has just a few days left this month to enact legislation that would address the immigration [...]

12.2 million - the number of people nationally who signed up for health care coverage using HealthCa [...]

Frenches Creek Finishing lies in the watery lowlands of Bladen County, near Lion Swamp, Conkill and [...]

Historical commission member weighs in on monuments, free speech Valerie Johnson is the Mott Disting [...]

“All speech is free, but some speech is more free than others.” This seems to be the motto of the cu [...]

Trumpists prepare to raze another vital common good law It’s hard to keep up these days with the flo [...]

The post That’s how ‘Humbug’ is done appeared first on NC Policy Watch. [...]

The solid citizens of Johnston County, N.C. – in a fateful quirk of geography – for several years ha [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more