Three years ago, in the midst
of a severe recession, Congress passed the American Reinvestment and Recovery
Act. All told, more than $800 billion was allocated, and Vermont received $1 billion as part of the federal stimulus
The debate over the 787 billion dollar federal stimulus package pits those who see it as an ineffective and ultimately damaging effort to revive the economy against those who argue only government had the resources to do what was necessary to avert disaster. Justin Wolfers is associate professor of business and public policy at the Wharton School at the University of Pennsylvania. Jeffrey Miron is director of undergraduate studies at Harvard University. The two are in town for a University of Vermont debate on the federal stimulus. They spoke with VPR’s Jane Lindholm about the debate.
Vermont’s chief recovery officer hopes to turn the $720
million economic stimulus dollars the state is slated to receive into a billion
or more — through successful bids for grants
that will be awarded competitively.
Patrick Leahy and Bernie Sanders of Vermont have voted for President Barack
Obama’s economic recovery plan, which would provide approximately $374.9
million in federal stimulus money to Vermont to help revive the sagging