About What Time

We are starting to breakdown the stimulus bill because there are two questions we are all asking - how does this affect me, and how does this affect me.

And oh yeah, when does the great recession start to recede.

So the breakdowns are coming through. Most of the money will come into the economy in a year or even later. Some tax breaks kick in relatively soon.

Like it or not, its on the way.

McClatchy: Stimulus will flow rapidly to some projects, trickle to others

Spending on contracts takes more time, however. The Congressional Budget Office estimates that about 23 percent of the stimulus will be spent before Sept. 30, and that a total of 74 percent of the $787 billion will be out a year later.

The (Neighborhood Stabilization Program) gives state and local governments funds to buy and redevelop foreclosed properties to stem neighborhood abandonment and blight.

The stimulus bill includes provisions that will send the money out quickly, and a Recovery Accountability and Transparency Board, a seven-member panel appointed by Obama, will oversee federal agencies' use of the funds. Its findings will be posted at the official government recovery Web site.