The $787.2 billion stimulus plan is a lightning rod for criticism and second guessing, but love it or hate it, the massive program's funds are flowing as planned.
According to Obama administration figures that date back to July 31, $240.4 billion, or more than 29%, of stimulus funds are now available for use. That's better than the roughly 25% that the Obama administration estimated for the end of July.
Just $120.4 billion, or 15% of the stimulus total, has actually been paid out so far...
Obama administration officials say the government is on pace, and in some areas ahead of pace, to spend about a quarter of the stimulus funds by the end of 2009 and 70% by the end of 2010. They also stand by their claim that stimulus will have created 750,000 jobs by Sept. 4 -- the 200th day since the bill's passage.
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