5/26/11 CBO Says Stimulus Boosted Growth, Will Add More to Deficit

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The economic stimulus package passed by Congress in 2009 raised gross domestic product, created jobs and helped lower the country’s unemployment rate this year, but also increased budget deficits by $830 billion over a 10-year span, the Congressional Budget Office said Wednesday. The Obama administration and Congressional Democrats said the American Recovery and Reinvestment Act, passed while the U.S. struggled to emerge from a severe recession, would save or create 3.5 million jobs while cutting taxes, investing in roads, bridges and other infrastructure, extending unemployment benefits and expanding aid to states.

For more information:
http://blogs.wsj.com/economics/2011/05/25/cbo-says-stimulus-boosted-growth-will-add-more-to-deficit/?mod=google_news_blog