Comments on: Stimulus Funds Not Being Spent as Promised. http://progressconservative.com/2009/10/28/stimulus-funds-not-being-spent-as-promised/ Tue, 03 Jan 2012 18:45:04 +0000 hourly 1 http://wordpress.com/ By: Mike http://progressconservative.com/2009/10/28/stimulus-funds-not-being-spent-as-promised/#comment-2690 Wed, 28 Oct 2009 19:35:49 +0000 http://progressconservative.com/?p=4405#comment-2690 I hope you are right Phillip – and I hope this money actually creates some jobs.

]]> By: Philip H http://progressconservative.com/2009/10/28/stimulus-funds-not-being-spent-as-promised/#comment-2689 Wed, 28 Oct 2009 18:57:43 +0000 http://progressconservative.com/?p=4405#comment-2689 MIke,
Well . . . speaking from inside one of those federal agencies . . . an office in our bureau got $170M to hand out in grants to state and local entities. We ran a grant availability announcement almost literally the day after the $$ arrived from Treasury (which took a couple of weeks after the President signed the bill); then we ran as open, fairnad fast a competition as we could for the funds. Review of applications was nearly a month long process. Not because the reviewers were slow, but because we had over $500M in applications for our $170M and we wanted to make sure that the best projects were picked. That process was completed at the end of June, and we awarded the $$ in July to the state and local recipients. The onus to spend it on the projects has been up to them since then.

My point here is that many, if not most federal agencies have run their ARRA programs as efficiently as they can. While there in deed may be laggards, I suspect that the wheels of governmetn have turned as fast as possible.

I also expect to see those numbers change as we go forward.

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