DENVER -- The state of Colorado is getting a bigger chunk of federal funding that previously expected.
The Colorado Economic Recovery Accountability Board estimated the state will receive $5.5 billion over the next three years in American Recovery and Reinvestment Act funds. Colorado was originally allocated $3 billion.
http://www.thedenverchannel.com/news/20714043/detail.html
Either this “stimulus” money is not really about stimulus or else the government is expecting the economy to remain in the doldrums and will need more stimulus for at least the next 3 years. The irony is that the more “stimulus” the government tries to create, the more likely it is that the economy will continue to deteriorate. The best thing the government could do to help the economy in the long run is pay off debt, reduce taxes on everyone and remove the barriers to growth the government has put up.
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