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The American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 is a federal public law passed by the 111th United States Congress and signed into law by President Barack Obama. Based largely on broad proposals made by President Barack Obama, the Act is intended to provide a stimulus to the U.S. economy in the wake of the economic downturn brought about by the subprime mortgage crisis and the resulting credit crunch. The bill includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. President Obama signed the bill into law at an economic forum he was hosting in Denver, Colorado, on Tuesday, February 17, 2009.
What's in the Act for Pennsylvania?
Allocations to states constitute 69% of the total cost of the Act. According to the Center for American Progress, Pennsylvania is likely to receive 4.31% of its gross state product, or $22.9 billion, to create jobs with clean, efficient energy; modernize roads, bridges, transit, and waterways; structure education for the 21st century; help workers hurt by the economy; save public sector jobs and protect vital services; cut taxes to make work pay; and perform other taxes to stimulate consumption.
On this site: What? How? With what effects?
Tracked on this site is information and analysis about what funds will flow to Pennsylvania under the authority of The American Recovery and Reinvestment Act of 2009, how the money will be used, and what effects spending resulting from the Act will have on the Pennsylvania economy. We also will follow and comments on other legislation, policy directives, events, or actions that are likely to affect the success of the implementation of the Act. In addition, we will add our own original commentary and analysis to the mix of articles posted to this site.
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You may comment on any article after, first, registering. Articles are written by Rose Baker, Maria Kirby, David Passmore, and Eleanor Schiff--who are not following Pennsylvania's economic recovery because it is their job responsibility, but because they are curious. Information and analysis gathered and offered on the Tracking Pennsylvania's Economic Recovery web site is managed by leaders of Penn State’s Workforce Education and Development Initiative, an alliance between Penn State Outreach and Penn State’s College of Education. The opinions expressed by authors of articles and commentators on articles on Tracking Pennsylvania's Economic Recovery are their own, not those of Penn State. Copyright resides with the authors of articles and comments, who, by their submissions of postings, allow their work to be displayed through this web site. Tracking Pennsylvania's Economic Recovery is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License and is served in Ireland by http://blogsome.com through WordPress 1.5.1.