Thursday, February 12, 2009

U.S. Financial Crisis: American Recovery and Reinvestment Plan 2009

USA.gov launched the American Recovery and Reinvestment Plan 2009 website. This website informs and allows public to follow recent developments of the recovery plan. It provides some basic information under its Frequently Asked Questions section; however people can also submit their questions, comments, and concerns via e-mail or strike a live chat conversation with a government representative.

The full text of the American Recovery and Reinvestment Act of 2009 is available on the Thomas web site. This Act lays out a new plan to address this financial crisis. It was passed by the House of Representatives on January 28, 2009, and by the Senate on February 10, 2009. The Act proposes unemployment and welfare expansion, tax cuts, and investment in infrastructure, healthcare, education, and energy.

Some of the goals of the Act are to:
  • Create 3 to 4 million jobs over the next two years.
  • Computerize every citizen's medical records in five years.
  • Double renewable energy generating capacity over three years.
  • Provide healthcare coverage for nearly 8.5 million Americans.
  • Enhance the security of 90 major ports.
  • Increase food stamp benefits for over 30 million Americans.

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