It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Billions of dollars in stimulus funds have not been paid out, according to a government Web site that tracks the $787 billion approved by Congress to fund the American Recovery and Reinvestment Act of 2009.
The distribution of those funds is detailed in the “Overview of Funding” section of the Recovery.gov Web site.
The data, said to be valid as of July 22, shows that a total of $125.8 billion remains to be distributed in three categories of funding.
In the tax benefits category, $259.9 billion of the $288 billion allotted has been paid out, leaving 28.1 billion unpaid. In the contracts, grants and loan category, of the $275 billion allotted, $217.5 billion has been paid out, leaving $60.5 billion remaining. Under entitlements, $224 billion has been paid out, with $37.2 billion yet to be distributed.
The Web says one the stated goals of the stimulus is to “create new jobs and save existing ones.” Almost three years after the act was passed, however, the national unemployment rate as reported by the Bureau of Labor Statistics stood at 9.2 percent in June – up from the 8.2 unemployment rate recorded in February 2009, the month the stimulus bill became law