CBO analysis finally lets us get to the bottom of the much-disputed question of whether or not the recovery package is genuinely fast-acting. For the remainder of FY2009, we’ll have about $185 billion in tax cuts and new spending, and for FY2010, we’ll have about $400 billion in tax cuts and new spending. That adds up to 74 percent of the total cost of the bill, meaning that the congress has essentially hit President Obama’s goal of spending out 75 percent of stimulus funds in the first eighteen months.
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