The Washington Post reports on the effect of the spending package on the Washington DC area:
The nearly $790 billion measure is expected to provide a windfall for
road repairs, energy projects, education and hospitals. Information
began to trickle out yesterday about its impact on the Washington area
as officials await the release of additional details.
The region would benefit not only from new education,
transportation, Medicaid and other funds provided to all states, but
also from an extra jolt of money for repairing government buildings and
helping federal institutions, officials said.
The Obama administration predicted that the bill would create or
save 66,000 jobs in the next two years in Maryland, 12,000 in the
District and 93,000 in Virginia. Some economists said the
administration's figures appeared too high, however, and others
cautioned that it was difficult to predict exactly how the stimulus
package would translate into jobs.
The article goes on to quote other numbers from the White House. No mention is made of the costs of achieving these benefits. The only qualification is this:
Some economists said the administration's figures appeared too high,
however, and others cautioned that it was difficult to predict exactly
how the stimulus package would translate into jobs.
