$ 787 billion stimulus was endorsed Barack Obama Friday 13, 2009 (date Hope is not a harbinger of how they'll make the stimulus.) Many people ask, 'which is exactly what the stimulus payments include and what do I get out of the packaging. "Well, here is a brief description of some of the stimulus measures and who gets what out of it. In the first two parts of this series we discussed how the economic recovery plan affects taxes, health care, country's infrastructure, energy and the school system. In this final section, we'll talk about how it affects public debt, environment, police, higher education and the poor.
National debt
The economic recovery plan to help generate new jobs and slow down or even reverse the recession is a hope that we can all share. One certainty is that although the stimulus package of $ 787 billion will certainly increase the national debt. This will affect taxpayers annually, and the most likely future generations, even our grandchildren.
One of the problems we face is the probability of increased taxes in the near future to help with mounting debt. Another problem is that even if the government has increased spending, the country collects less tax number of the most affected companies and people. This makes the government to continue borrowing from foreign countries such as China, Japan, Saudi Arabia, Britain and many others.
Our national debt is almost a whopping $ 11000000000000. This means November 1 with twelve zeros after. ($ 11,000,000,000,000) What this means is that every man, woman and child in America, including the poor and children who do not pay taxes in the first place, would have to pay $ 36,000 to pay this debt. This does not include the payment of $ 500 billion a year in interest that the national debt generated. The only interest on the national debt is already one of the largest expenses in the country only after Medicare Medicaid, Social Security and national defense.
ENVIRONMENT
The economic recovery plan provides $ 9.2 billion for projects in the environmental protection agency like turning off abandoned mines, which helps protect the drinking water supply and visitor centers of energy efficiency in national parks and wildlife refuges. It is expected that these projects production of about 100,000 jobs over the next two years. Unfortunately this will begin to pay for the huge list cleaning and repairs in the list of pending tasks of the EPA. Approximately $ 800 million will be used to clean up hazardous sites nations that leaking gasoline storage tanks. And $ 9.2 billion, $ 735 million will be spent on the repair and maintenance of roads in national parks, despite the $ 9.2 billion would be in the amount of necessary repairs.
POLICE
The stimulus is also shell out some green for our men and women in blue. Over $ 3.7 billion was invested in police programs. $ 2 billion of it will be used for hiring new staff, drug control, after school programs and the rehabilitation of prisoners. The COPS (oriented policing community, not the TV) program will be re-established with an allocation of $ 1 billion for the purchase and payment of staff salaries. The program was eliminated during the Bush administration. The remaining funds are divided into the following categories. 225 million million million $ for general criminal justice programs as mentors for youth, $ 225 to the police for Indian tribes, $ 125 for police in rural areas, $ 100 for victims of crime , $ 50 million to fight Internet crimes against children and $ 40 million for the Border Patrol on the border with Mexico.
HIGHER EDUCATION
Pell Grant recipients receive an increase of $ 7 million. The donation helps the lowest low-income students with tuition. Students will receive $ 5,350 from 1 July 2009 and raised $ 5,550 in 2010 and 2011, against the current $ 4,731. The funding will help about 800,000 students with their tuition. IT purchases can now be included as a tax deductible expense 529 plans for education savings. Many a stimulus of $ 15 billion be allocated for scientific research in universities. All together, the greater the stimulus education reached about $ 32 billion.
THE POOR
The economic recovery plan will be pouring a massive amount to offer more services to the poor. Persons already supported by food stamps, about 30 million, are in line for more. In addition, low income families will be given even more reason to have children when they learn the existing child tax credit has been extended. The Earned Income Tax Credit, a credit that also has to do with the number of children they have and should be called the "missing credit on income", also expanded. This stimulus plan will help prevent 2 million poor Americans fall into poverty 800,000 of them are children. Besides a $ 87 billion stimulus will be provided to States to help boost their Medicaid programs, which is the program provided medical help for the poor who can not afford health care themselves. Unemployment checks will increase by about $ 25 and keep these upcoming stimulus checks.
Although the recovery plan includes many programs as individuals, we must begin to create our own economic stimulus plan. We will show our country and everyone in the world that is not only our country, but also to us as individuals who make plans for our financial success and freedom. We will find a way to contribute to our own financial stability first. Be financially stable we first is the only way we can learn to help our country. We can be part of the American people who are just taking our incredible country, or part of the American people that face our country. We will learn to create wealth for ourselves and have the ability to contribute to worthy causes they support the building of our country.
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