American Recovery Act

Topics: United States, Democratic Party, Barack Obama, United States public debt / Pages: 2 (276 words) / Published: Feb 20th, 2012
Envision a tightly knit family in the midst of losing their home to foreclosure and the anchor of their household having been thrown into the purgatory of unemployment. The recession is more evident than ever, especially to this family. When one doesn’t know whether there will be food on the table or a roof over their head how can one be optimistic? This instance represents a widespread dilemma for Americans everywhere, and my family also has been engulfed by it. My father went from earning a six figure salary to being without a job. The recession has hit Americans all around this great nation including us. As President Obama was sworn into office families rejoiced that maybe this could be the change that America needed in order to dig itself out of the hole that it created. The national debt now exceeds $10 trillion dollars (U.S. National Debt Clock). On February 14th 2009, President Obama announced that economic recovery in the United States “Will be measured in years, not months” (Spillius). Three days later the American Recovery and Reinvestment Act of 2009 was signed in Denver, Colorado signaling the largest economic undertaking in US history. Whether aid comes in the form of tax cuts or governmental spending programs, the urgency of the situation is now more evident than ever because of the recession and its effects on Americans. The American Recovery and Reinvestment Act of 2009 contains both governmental spending programs, the urgency of the situation is now more evident than ever because of the recession and its effects on Americans. The American Recovery and Reinvestment Act of 2009 contains both governmental spending

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