The Obama Stimulus Plan

The Obama Stimulus Plan

President Obama wants to spend 75 percent of the $825 Billion Stimulus Plan in the first 18 months.
There is a resistance from the Republican party to large amounts for 'economic stimulus packages' and that's why the Obama administration on Wednesday said $3 of every $4 in the package should be spent within 18 months to have maximum impact on jobs and taxpayers. Policy makers want to see results fast and clear!

Peter Orszag, the director of the White House Office of Management and Budget, said Wednesday that if House or Senate versions of the bill do not spend the money as quickly, the White House will work with lawmakers to achieve the 75 percent goal. Congress is working on a stimulus bill of at least $825 billion.
In an interview with the Associated Press, Orszag responded to a Congressional Budget Office assessment that money targeted for infrastructure under a House proposal would take years to be spent. He said the issues identified by CBO could be easily corrected.
"There are relatively straightforward changes to increase the spend-out on that part of the bill,"