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

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

This morning, the state Supreme Court will hear oral arguments in the pivotal case of Silver, et al. [...]

These are extraordinary times in the American experiment with representative democracy. In Washingto [...]

Public education in North Carolina has its share of challenges, not the least of which has been the [...]

The post Time to come clean appeared first on NC Policy Watch. [...]

Tax Day in 2018 in North Carolina presents an opportunity to make sure our tax code allows us to mee [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.