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"Temporary" Programs That You're Still Funding
September 6, 2013
The American Recovery and Reinvestment Act (ARRA) was passed in 2009 as one of President Obama's first major efforts to dig the U.S. economy out of a deepening recession. Designed to employ more Americans, repair aging infrastructure, and provide additional assistance to the ever-increasing number of families who needed it, the bill authorized a variety of programs that were touted as temporary, timely and targeted.
Nearly five years later, as the economy continues along the slow road to recovery, many of those "temporary" programs are still receiving taxpayer funding in spite of doubts over their effectiveness. In this week's edition of the Taxpayer's Tab, NTUF took a look at a few in particular, including:
These programs alone represent $2.9 billion in spending that was originally intended to be merely a "temporary" economic stimulus. As the late Milton Friedman said, "[n]othing is so permanent as a temporary government program."
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