The most recently passed Federal Stimulus Package will hit down hard on the economy. There are many people waiting for answers on what the package will be made up of and where all of the money will go. The stimulus package is in excess of one trillion dollars.
The downfalls of this Federal Stimulus package are that some people do not qualify for the money. Non eligible people will have to suffer the consequences of the already broken down economy. The stimulus package will bail out many needy businesses who ultimately may have gone under. All of the money that we are borrowing will be paid back by future generations.
The package will be made up of $825 billion. Some will help those that are unemployed and need a job as soon as possible. The package will mostly be used to assist in education, health insurance, and unemployment money. The federal stimulus package is trying to get public works projects to help create jobs for the unemployed. The package has to date spent $350 billion in bailout money for the large corporations and businesses.
The package is trying to get Americans the most for their money by giving them environmentally friendly ways to spend it. The stimulus package is supposed to benefit those that are in need as well as assist the economy as a whole. Only time will tell if the stimulus has an effect on the economy.
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