How low can the economy go?

Ebenstein, Lanny
May 2009
Liberty (08941408);May2009, Vol. 23 Issue 4, p23
The author reflects on the passage of the American Recovery and Reinvestment Act of 2009 by the government and Congress in response to the economic decline in the fourth quarter of 2008. According to the author, funds will be directed to states to allow them to continue to pay public employees' wages and benefits that employees in the private sector do not receive. The author claims that the federal budget deficit will exceed $1.5 trillion, which is about 10% of gross domestic product (GDP).


Related Articles

  • Two years on a brighter prognosis. Roberts, Douglas // Fund Strategy;12/13/2010, p9 

    The article presents a forecast regarding the portended global economic growth. It mentions the possible improvement of employment condition and the increase of gross domestic product (GDP) in the U.S. after the implementation of the American Recovery and Reinvestment Act (ARRA). Meanwhile, it...

  • Springtime outlook. Thredgold, Jeff // Enterprise/Salt Lake City;3/23/2009, Vol. 38 Issue 39, p9 

    The article offers an outlook of the global economy as of March 23, 2009. Economic recovery plans of the U.S. include home price stabilization strategies and stimulus package. It is stated that the U.S. economy is nearing its 16th month in recession which officially began in December 2007....

  • THE BEAST AT HAND. Wolpin, Bill // American City & County;May2009, Vol. 124 Issue 5, p6 

    The author focuses on the lack of clarity of the U.S. stimulus package. He claims that the package will not solve the nation's economic problems or fill the deficits in local and state budgets. The transparency of federal governments is said to be an important element of the stimulus package. He...

  • Grant scores leave applicants in limbo. Wadman, Meredith // Nature;8/6/2009, Vol. 460 Issue 7256, p676 

    The article reports on the applicants of the Challenge Grants sponsored by U.S. National Institutes of Health (NIH) which is part of the American Recovery and Reinvestment Act. It is argued that the competition for the $1 million grant is fierce as the agency received more than 21,000...

  • Federal Government as Angel Investor for Environment & Energy Projects? Bligh, Shawna M.; Wendelbo, Chris A. // Natural Resources & Environment;Summer2009, Vol. 24 Issue 1, p25 

    The article provides an overview on the Emergency Economic Stabilization Act of 2008 (2008 Stimulus Bill) and the American Recovery and Reinvestment Act of 2009 (2009 Stimulus Bill) in the U.S. It reveals that both legislations focus on offering financial support to business enterprises and...

  • States grapple with gaps.  // Disclosures;Mar/Apr2010, Vol. 23 Issue 2, p2 

    The article focuses on the significance of the 37% financial assistance from American Recovery and Reinvestment Act (ARRA) in filling the record budget shortfalls in Virginia.

  • The Jobs Crisis: How to Solve It and Begin to Fix Our Broken Economy. GOLDBERG, GERTRUDE SCHAFFNER; ROSENTHAL, MARGUERITE G. // New Politics;Winter2011, Vol. 13 Issue 2, p60 

    The article examines methods of addressing unemployment and invigorating the economy within the U.S. Statistics associated with the escalation of the unemployment rate following the recession of 2008 are analyzed, and it is attested that joblessness impedes economic recovery. The author...

  • Voodoo vs. Can-Do. J. M. C. // Progressive Populist;7/1/2011, Vol. 17 Issue 12, p2 

    The author opines that the U.S. Republican voodoo economics has failed given the low job totals in May 2011 but views that the U.S. can recover from the economic downturn. The author attributes the deficit to spending on wars and tax cuts that benefited the rich, and to the American Recovery and...

  • THE RECESSION MAY HAVE ENDED BUT THE DOWNTURN CONTINUES TO CAUSE FINANCIAL STRAIN FOR SCHOOLS. Donlevy, Jim // International Journal of Instructional Media;2009, Vol. 36 Issue 4, p367 

    Although many economists are proclaiming the end of this very steep recession, the pain will linger far longer. The depth of the recession will require continuing budget Cuts in schools and districts, as revenue shortfalls persist for the foreseeable future. This article discusses these...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics