Happy Birthday, Stimulus
Today is the anniversary of the American Recovery and Reinvestment Act, commonly known as the stimulus package. Thankfully, it’s working to bring jobs to working families and stabilize our fragile recovery.
Just ask mainstream thinkers like David Leonhardt, the New York Times’ economics reporter. Or non-partisan economy observers like Moody’s or the Congressional Budget Office. Or MinnPost.com’s self-described deficit hawk, Eric Black.
You can also ask the 200,000 North Carolinians the stimulus kept out of poverty, too, of course.
We need more, not less, federal support for the recovery. That includes state fiscal relief and aid for working families. Both have proven again and again to be the right prescription for sustainable growth.