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Reseña del editor
Excerpt from Job Creation and the Economic Stimulus Package: August 1978
Economists and policy makers alike know that a dollar of expenditure has a greater economic impact than simply the dollar itself.l An economic disturbance (change) in the economy has secondary effects of a certain, at least crudely measurable magnitude. The analogy of a stone thrown into a pond is useful to illustrate that secondary economic effects rise, spread, diminish and eventually die over time. The stone creates a large splash and waves (in all directions) which fade with time, in a manner that is depend ent on the size of the initial splash and on the distance from the impact site. Thus, each dollar of new public or private spending will generate a new flow of goods and services whose value is greater than one dollar.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Reseña del editor
Excerpt from Job Creation and the Economic Stimulus Package: August 1978
In response to the economic downturn of 1974, a series of federal programs has emerged to provide short-term stimulus to lagging local economies. The Emergency Jobs and Unemployment Assistance Act of December, 1974 authorized Title VI of CETA, created the Job Opportunities (Title X) Program of EDA and extended state unemployment insurance and federal Supplemental Benefits by up to 26 weeks of additional federally-financed Special Unemployment Assistance (SUA). A continuing sluggish economy encouraged Congress to legislate additional counterrecessionary measures. The Local Public Works Capital Development and Investment Act of 1976 authorized $2 billion for public works projects in selected local areas. Most recently, the Economic Stimulus Appropriation Act of 1977 created a two-year $21.1 billion package designed to reduce unemployment and quicken economic recovery.
The key features of this Economic Stimulus Package (ESP) are: (1) a $4 billion increase in the Local Public Works program (LPW) administered by EDA; (2) a $2.25 billion appropriation for Anti-Recessionary Fiscal Assistance (ARFA) from the Treasury Department to state and local governments; and (3) a $6,847 billion expansion of DOL's Public Service Employment program (PSE) under CETA Titles II and VI. The Local Public Works program is funding local capital improvement projects, such as dams, roads, public buildings, sewers and repair and maintenance of public facilities. LPW funds are intended to be concentrated in cities and pockets of poverty with particularly high unemployment. Anti-Recessionary Fiscal Assistance grants are also concentrated in areas of high unemployment, allocated according to a formula relating local unemployment rates to general revenue sharing appropriations. The Public Service Employment expansion program provides public or nonprofit jobs to the long-term unemployed whose annual income does not exceed 70 percent of the lower living standard income level and to members of AFDC families. Funds are distributed to "prime sponsors" under a distribution formula intended to concentrate jobs in areas of high unemployment. Under recent amendments, all Title VI jobs above "sustainment" levels must be in "projects" lasting no more than one year, and at least one-third of Title VI funds must support project jobs in nonprofit agencies.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- VerlagForgotten Books
- Erscheinungsdatum2018
- ISBN 10 1332266622
- ISBN 13 9781332266623
- EinbandTapa blanda
- Anzahl der Seiten76
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