President Obama's Economic Recovery Act is incredibly good news for Texas and for Houston, at just the right time. According to the Texas Legislative Budget Board and other analysis, Texas stands to receive:
At least $17 and up to $37 billion in overall funding;
$6.2 billion for education, which includes $3 billion for Houston-area schools and $158 million for HISD;
$5.8 billion for Health and Human Services, for Medicaid, food stamps, foster care, adoption and other services;
$2.8 billion for transportation;
$1.3 billion for Pell Grants to Texas students;
$1 billion for job search assistance and training and for child care;
$161 million for criminal justice;
$1 billion for housing.
The Economic Recovery Act is already working in Texas. Upon President Obama's signature, the Texas Associated General Contractors of Texas said 5,000 Texas jobs would be saved this month and that 5,000 jobs previously lost will be rehired this spring. Overall, the stimulus plan is expected to help create or save 269,000 jobs in this state.
Texas makes out so well under the Obama stimulus plan because, as noted above, we have so many needy citizens. While state leaders often brag about our low taxes and tight budget, we continue to provide too little to tens of thousands of needy and middle class Texans.
To examine the Economic Recovery Act in detail, go to: http://www.recovery.gov/
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