Dan Stockman, The Journal Gazette
On Feb. 13, 2009, Congress passed the stimulus bill, meant to rush cash to projects that would quickly save jobs and create new ones while investing in the nation’s infrastructure.
But a year later, more than half of the $5.4 billion awarded to Indiana under the American Recovery and Reinvestment Act is still on the books of state agencies, according to a Journal Gazette analysis of federal stimulus reports.
Data reported by companies, organizations and local governments that have received stimulus money through Dec. 31 show awards that total only $2,336,145,641, while state agencies reported $3,053,936,445.
“That doesn’t stimulate,” said Purdue professor Larry DeBoer Jr., an expert in government policies. “You’ve got to spend in order to stimulate.”