It gets more difficult by the day to figure out exactly where the Obama administration stands on their
stimulus plan. Early this week the spin seemed to be that we need to give the stimulus a chance to work, that only a small part of the money had been put to work and blah, blah, blah. Now Peter Orszag says on his blog that they are ahead of schedule in spending the money.
Today on Capitol Hill, OMB Deputy Director Rob Nabors testified in front of the House Government Oversight and Reform Committee about the Recovery Act. A major focus at the hearing was a report issued today by the Government Accountability Office (NYSE:GAO), the non-partisan, independent government watchdog. GAO found that Recovery Act spending was ahead of schedule and was helping to mitigate the economic downturn.