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Monday, Jul 28, 2014
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colin strother  
October 24, 2010 8:02pm
 
here is what the SA Business Journal and the REPUBLICAN Susan Combs and REPUBLICAN Perryman Group said:

San Antonio Business Journal (Texas) - Texas recovery funding is filling some gaps

What has this $787 billion recovery plan meant for Texas thus far? Here are some highlights.

Much of the ARRA funding was allocated to the expansion of existing federal benefit programs, and more than one-third of it was earmarked for tax cuts and incentives for individuals and businesses. The remainder has been and continues to be awarded competitively across states either directly from federal agencies or, by extension, through local and state governments.

Second-quarter 2010 reports for State agencies and public institutions in Texas show that Texas has received some 1,393 federal awards totaling over $9.8 billion.

The Texas Comptroller’s office estimates that these funds generated some 40,583 full-time equivalent jobs.


While institutions and businesses across the state are still competing for ARRA funds, the Texas Legislature has appropriated $14.4 billion of stimulus money for fiscal 2009-2011, with 93 percent going to five state agencies: Texas Education Agency, Health and Human Services Commission, Texas Department of Transportation, Texas Department of Housing and Community Affairs, and the Texas Workforce Commission.

When all of these elements are considered, The Perryman Group estimates that the stimulus likely created or preserved at least 150,000 jobs in the state, enough to lower the unemployment rate by about 1.2 percentage points from where it would be otherwise. [10/22/10]

and Alvin is 100% correct about the "creation" of the internet. of course the govm't would have choked the life out of it...but they did finance the infrastructure that led to the largest revolution in democracy, communications and technology in human history.
     
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