Economic Recovery Bill Would Add Little to Long-Run Fiscal Problem
 
The $825 billion economic recovery package offered by congressional leaders will have only a very small impact on the nation's long-term fiscal problem, adding just 3 percent to the budget shortfall through 2050.

Even without the proposed recovery legislation, 97 percent of the projected long-term fiscal shortfall would still remain."

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Additional analyses in this series:
	Aid for Struggling Families and States Will Create Jobs
	Payroll Tax Holiday a Poor Stimulus Idea
	Capital Gains Tax Cut Would Be Poor Stimulus
	Assistance for Hard-Pressed Families Is One of the Best Ways to Preserve and Create Jobs
	Chad Stone on the December Employment Report
	Number of Homeless Families Climbing
	Converting State Fiscal Relief to Loans Would Render It Ineffective as Stimulus
	UI Reforms Should Be Part of Economic Recovery Package
	Policy Points: Sobering Jobless Data Highlight Need for Recovery Package to Focus on Hard-Hit Families and States

At least 33 states have made or proposed budget cuts that threaten vital services, including health care and education.  Read more

State Budget Problems Worsen
 
Combined [state] budget gaps for the remainder of this fiscal year and ... fiscal years 2010 and 2011 are estimated to total more than $350 billion."
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Additional background:
	Understanding the Center's State Budget Estimates
	Most States Are Cutting Education
	Policy Points: Overview of States and the Weak Economy
	Revenue Numbers Plummet

Paul Van de Water

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Washington Post Columnist Steven Pearlstein's profile of the Center

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