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November 14th, 2009

Friday federal funding facts

Published on November 14th, 2009 | By: pwray@ceramics.org

The DOE has finally reached the $1 billion mark in funds paid out, but it’s still just the tip of the iceberg considering that $19 billion (93%) remains committed but unpaid. Thus, the cash flow problem is still a major cause for concern.

The Recovery Act homepage boasts that over 640,000 jobs have been saved due to the distribution of recovery funds. But how many jobs have been cut because this money is being allocated at a snail’s pace? Come on people, let’s get this ball rolling. The money is there, what exactly is the hold up?

NSF’s cash flow is even more constipated with only 2% actually doled out:

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