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Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review August 17, 2009 / 27 Menachem-Av 5769

On stimulus, still some questions

By David Broder



http://www.JewishWorldReview.com | Before the opponents of health-care reform turned congressional town meetings into shouting matches, they had picked another target. The naysayers announced to the world that the economic stimulus bill signed by President Obama in February was a dismal failure, too.


That judgment seemed premature at the time, and it looks even shakier now that the Federal Reserve Board has concluded the economy, which was in free fall last winter, has stabilized and "is leveling out."


To probe the question further, I spent the other morning at the Brookings Institution, a Washington think tank, which scheduled a panel discussion on the topic. Three Brookings scholars and a suburban Washington mayor agreed on one thing: No one can realistically pronounce the massive $787 billion stimulus bill either a flop or a triumph at this point.


As one of the panelists said, the bill that was quickly assembled and hastily passed by a Congress frightened that the economy might collapse at any moment "was a hodgepodge package, and we are getting hodgepodge results."


Economist Barry Bosworth launched the discussion on a skeptical note, saying that the recession may be ending but "the government stimulus did not have a lot to do with the recovery." He complained that last autumn, when the election was uppermost on politicians' minds, Congress was tardy in responding to the warning signs of what became the worst slump since the Great Depression. As a result, funds have been delayed in reaching hard-hit communities.


But Bosworth later conceded that when consumers' disposable income was dropping early this year at an annual rate of half a trillion dollars, the government stepped in with tax cuts, direct payments and extended unemployment benefits that "completely offset" the hemorrhaging of the private economy. "That's a pretty amazing accomplishment," he said. Other panelists pointed to more familiar accomplishments — the stimulus money to states and local governments that will postpone or avoid layoffs of teachers and police. Most of those benefits have not registered yet with the public because, as school finance specialist Grover J. "Russ" Whitehurst pointed out, of the $115 billion in stimulus funds allocated to the Education Department, checks have been written for only $13 billion. A mere $25 million has been contracted for specific projects.


Obviously, this strengthens the critics' argument that much of the stimulus money — all of it borrowed from our overseas creditors — won't be spent until the economy is already on the mend.


But the most important thing I learned from the session was not what was right and wrong about the stimulus bill. After all, it is not likely to be rescinded or significantly altered by the Congress that passed it.


Rather, what emerged in much clearer focus is what we are likely to face when 2010, the year when stimulus spending will peak, is over and we have to figure out what to do next. At that point, Obama will be under great pressure to slow down the frantic pace of federal spending and to address the unprecedented deficits of this year and next.


But, as Amy Liu, the panel's expert on state and local finances, pointed out, the vast differences in local economies will clearly leave some cities and metropolitan areas in need of help. As of March, unemployment rates ranged from a low of 5.1 percent in Provo, Utah, to a high of 17.5 percent in Modesto, Calif. Long after Provo can dispense with federal aid, Modesto and other cities, such as Toledo and Detroit, are likely to require assistance. Congress will not be eager to pass another big national stimulus bill, but some way will have to be found to funnel funds to the places where they are most needed.


Meantime, there's no quick fix for many communities. Chris Zimmerman, a member of the Arlington County Board, pointed out that property taxes — the mainstay of local budgets — typically take two years to recover after the bottom of a recession. This means that at best, mayors and council members will be looking for help even when 2011 rolls around.

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