Max 1 page, or 2 to 3 paragraphs.
Your textbook notes that Congress passed and President Barack Obama supported the 2009 American Recovery and Reinvestment Act, also known as the “Federal Stimulus,” in an effort to support the flagging US economy.
After reviewing this section of your textbook,
research the current level of the federal budget deficit.
Compare this to Congressional Budget Office (CBO) projections.
Given your findings, evaluate the success of the Federal Stimulus.
Discuss the following questions using your findings:
Did the stimulus package pump enough money into the economy to prevent a complete failure of the economic system?
Would the government have reemerged from the recession without the stimulus?
Is the US better or worse off, economically speaking?
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