Talk of The Villages Florida - View Single Post - Who Is Stimulus $$$ Stimulating? Teachers.
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Old 03-11-2010, 03:44 PM
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Originally Posted by bkcunningham1 View Post
" Can someone who is more articulate and conversant with this stimulus thing answer a simple question for me? According to the link provided, over 400,000 education jobs were created or saved by Obama's stimulus funding. How will it be funded next year?

Can anyone give an example of a stimulus incentive that will not require the continuous, increasing and perpetual infusion of equal or greater future tax dollars?

I would also like to know who the recipients of the education stimulus cash were and how they were selected.....or would that be connected.
"

I'm not articulate and don't have a lot of knowledge with the stimulus, but I'll give your questions a try for the sake of discussion.

Unless another stimulus is passed, there won't be any more of the money that created or saved those jobs. Unless the money is in the local budget, the jobs will be cut. This money was, IMHO, a blown up life preserver with a leak and no life boat in sight. States and local governments will have to tighten their belts.

According to an excellent article in the NY Times, "About $65 billion of the $100 billion in education stimulus money went to states in three pots: $39.5 billion as part of a stabilization fund intended to bolster the finances of state public education systems, $13 billion for the federal program for poor students known as Title I, and $12.2 billion for students with disabilities. Congress directed the rest of the $100 billion to smaller initiatives, including $4.3 billion to a school improvement grant program the Obama administration calls Race to the Top."

Localities had to apply for the money through the state. I think distribution on the state level is based on a complex formula which includes, among other things, a ratio which consists of a daily count of students at each particular school.

I'll have to think about an example of a stimulus incentive that will not require continuous, increasing and perperutal infusion of equal or greater future tax dollars.

http://www.nytimes.com/2010/02/08/ed...=10&sq=&st=nyt
Good job BK....

Question...

Did not a few governors question accepting funds due to the condition attached to continue in the future ? Does this not make us even more dependent on federal government ?