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Feb 23 2009

Preliminary allocation of state stimulus funds

Here is the preliminary allocation of state stimulus funds from the federal stimulus package.

It is not a good idea to spend money that you don’t have; whether you are a state, local or federal government or a family - spending money you don’t have is a bad idea.

However, when you are in debt you take what income you can get - and if the federal government wants to give California money, we should take it and be good stewards with the money. The government should show the people that in return for being bailed out by our tax dollars, they are doing something good with the money.

Here is the preliminary breakdown of funds for California:

Californai is getting $5.96 billion for fiscal stabilization. Of that money, $4.87 billion is targeted for education and the rest for “general purposes.” There is also $2.56 billion for highways and bridges.

In total, California is receiving over $26 billion in stimulus funds. Some of the money is spread out unti l2010-11 for expenses regarding Medicare. A lot of the money is tied to various programs. Some programs - such as unemployment -would require changes of law before the money oculd be recieved.

For more information on the stimulus plan, you can visit www.recovery.gov - which is the government’s website so that taxpayers can see where the money is going.

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