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