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American Recovery and Reinvestment Act of 2009

The American Recovery and Reinvestment Act of 2009, abbreviated ARRA (Pub.L. 111-5) and commonly referred to as the Stimulus or The Recovery Act, is an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.

To respond to the late-2000s recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and ‘green’ energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The Act also included many items not directly related to economic recovery such as long-term spending projects (e.g., a study of the effectiveness of medical treatments) and other items specifically included by Congress (e.g., a limitation on executive compensation in federally aided banks added by Senator Dodd and Rep. Frank).

The rationale for ARRA was from Keynesian macroeconomic theory which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.

Provisions of the Act

Section 3 of ARRA listed the basic intent behind crafting the proposal. This Statement of Purpose included the following:

1. To preserve and create jobs and promote economic recovery.

2. To assist those most impacted by the recession.

3. To provide investments needed to increase economic efficiency by spurring technological advances in science and health.

4. To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.

5. To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.

The Act specifies that 37% of the package is to be devoted to tax incentives equaling $288 billion and $144 billion or 18% is allocated to state and local fiscal relief (more than 90% of the state aid is going to Medicaid and education). The remaining 45% or $357 billion is allocated to federal spending programs such as transportation, communication, waste water and sewer infrastructure improvements; energy efficiency upgrades in private and federal buildings; extension of federal unemployment benefits; and scientific research programs.

The following are details of the final bill relating to Communications, Information and Security

Communications, information, and security technologies

Total: $10.5 billion

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Exede Internet availabily was based on: Exede internet is available in almost all areas of United States please call us, your local authorized dealer in High Speed Satellite Internet to talk with an internet specialist today. Exede Satellite Internet Requires a clear view of the southern sky. © 2014 WildBlue Communications, Inc. Service not available in all areas of High Speed Satellite Internet United States. Please call to check for service availability. Minimum 24 month commitment term. One-time setup fee of $149.99 (currently on special for $49.99) and $9.99/month equipment lease apply (or pre-pay a 24-month lease and save almost $40). Actual speeds will vary. Non-standard installations may result in additional charge. Equipment must be returned upon cancellation of service, otherwise unreturned equipment fees apply. Taxes and monthly service fees apply. Prices subject to change. All offers valid for a limited time and may be changed or withdrawn at any time. Requires a clear view of the southern sky. Use of the Exede service is subject to data transmission limits measured on a monthly basis as described in the Data Allowance Policy. For complete details and the Data Allowance Policy, visit www.exede.com. Exede Satellite Internet is a service mark of ViaSat, Inc. This website is owned and operated by an independent distributor of Exede Satellite Internet from ViaSat Communications, Inc. Some content on this website may be copyrighted by ViaSat Communications, Inc.