The News & Observer explores today some details of federal stimulus spending in North Carolina. The article includes the following passage:
The stimulus, designed to jump-start the
economy and improve the nation’s infrastructure, includes money for
construction projects such as roads and weatherizing buildings, and
also assistance payments for food stamps and school systems.As
unemployment nationwide has hit 9.5 percent, a 26-year high,
Republicans have criticized the stimulus as ineffective. One problem
has been that money hasn’t been spent as fast as the Obama
administration hoped.Benton said there has been a
longer-than-expected lag time in federal agencies issuing rules as to
how the money must be spent. But he said North Carolina is moving
quickly to spend the money.
I can see Roy Cordato shaking his head as he reads that passage. Click play below to learn what Roy thinks about the prospect of any government stimulus plan helping the economy:
