one trillion is only in your imagination.
ARRA had three spending categories. It cut taxes by $288 billion. It spent $224 billion in extended unemployment benefits, education and health care. It created jobs by allocating $275 billion in federal contracts, grants, and loans.
Congress designed the Act to spend $720 billion, or 91.5 percent, in its first three fiscal years. It allocated $185 billion in FY 2009, $400 billion in FY 2010 and $135 billion in FY 2011.
The Obama administration did better than planned. By the end of FY 2009, it spent $241.9 billion. Of that, it spent $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits and $62.6 billion in job creation grants.
In the FY 2012 budget, the Congress allocated additional funding to raise the total to $840 billion. By December 31, 2013, the administration spent $816.3 billion. Of that, it spent $290.7 billion in tax relief, $264.4 billion in benefits, and $261.2 billion in contracts, grants and loans. (Source: Recovery.gov.)
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