The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5),  nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S.  Congress and signed into law by President Barack Obama in February 2009.  Developed in response to the Great Recession, the ARRA's primary objective  was to ...
baseline budget projections. CBO (2010b) projects the 2010 deficit to be $1.4  trillion, about 9.4 percent of GDP. Other than 2009, this represents the largest  deficit ... Even very substantial and sustained reform of health care will slash only  a small share of ... introduced or substantially expanded by the stimulus package.  4.
Aug 30, 2017 ... Many critics pointed out that Obama's stimulus package did not succeed because  the economy contracted 2.8 percent in 2009. The Congressional Budget Office  projected ARRA would stimulate GDP growth by 1.4 percent to 3.8 percent that  year. That meant growth in gross domestic product would be 1.4 ...
Jul 15, 2011 ... Federal spending ("outlays" in budget jargon) is expected to equal 24.1 percent  of the nation's gross domestic product in the current fiscal year, which ends Sept.  30. The figure was 25 .... For all of fiscal 2009, the deficit amounted to 40 cents of  every dollar spent, and it was 37 cents in fiscal 2010. Where the ...
stimulus plan. These include: Won't economic stimulus add to the federal budget  deficit when our total public debt is. • already out of control? Who will lend the ...  dollars, the overall size of the economy was reduced by 40 percent in only three  years. .... study measured the U.S. public debt at only 37 percent for the same.
The Congressional Budget Office "estimates that only 15 percent of this stimulus package will be spent in 2009" and only 37 percent in 2010.