President Obama talked about how he plans to get us out of the recession last night. One thing that caught my ear was a Web site he set up to explain how he is spending the $800 billion bailout (aka the American Recovery and Reinvestment Act, or ARRA).
The site is called Recovery.gov and it has a chart, above, that divides the massive spending bill into eight categories. Tax relief gets the biggest chunk, at $288 billion.
The site will soon have information about how the money is being allotted by state, congressional district, and federal contractor. You can share your recovery story as an individual or business owner. Or read FAQs about the site. The site’s goal is to be so transparent with how our tax dollars are being spent that citizens get involved and feel confident their money is being well spent.
Does Recovery.gov make you feel better about the $800 bailout? It assuages my fears, if only a little.