Other | Budget, Taxes, and Public Investment

An Assessment of the American Recovery and Reinvestment Act

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On July 14, 2010, Economist Josh Bivens testified before the House Budget Committee, where he outlined data showing the 2009 American Recovery Act had served as an effective means to create jobs, and that more fiscal support should be provided to prop up the economy.

“While the economy today would be worse off if the Recovery Act had not been passed, unemployment still sits at 9.5% today and will surely rise above 10% over the coming year, returning to pre-recession levels only several years from now unless more fiscal support is provided,” Bivens said.

Read Bivens’ full testimony here