The American Recovery and Reinvestment Act: Is Government Turning a New Page in Accountability, Transparency and Intergovernmental Relations?

In response to the worst economic conditions US has faced since the Great Depression of the 1920s, Congress passed a stimulus bill of spending increases and tax cuts totaling $787 billion to get the economy moving again -- $288 billion in tax benefits; $275 billion in contracts, grants and loans; an...

Full description

Saved in:
Bibliographic Details
Published in:The journal of government financial management 2010-04, Vol.59 (1), p.12
Main Authors: Steinhoff, Jeffrey C, Posner, Paul L
Format: Article
Language:English
Subjects:
Accountability
American Recovery & Reinvestment Act 2009-US
Economic conditions
Federal legislation
Fraud
Government agencies
Government grants
Government spending
Intergovernmental relations
Internal controls
Managers
Presidents
Reporting requirements
Resource Conservation & Recovery Act-US
Tax Cuts & Jobs Act 2017-US
Transparency
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In response to the worst economic conditions US has faced since the Great Depression of the 1920s, Congress passed a stimulus bill of spending increases and tax cuts totaling $787 billion to get the economy moving again -- $288 billion in tax benefits; $275 billion in contracts, grants and loans; and $224 billion in increased entitlement spending. The American Recovery and Reinvestment Act of 2009 (Recovery Act) includes unprecedented accountability and transparency provisions designed to help address the pledge in the president's inaugural address. The Office of Management and Budget has provided leadership from the outset, issuing its initial implementing guidance on Feb 18, 2009, only one day after the ink had dried on the Recovery Act, and following that up with additional guidance and continuing strong leadership. The challenges will be compounded by the fact that all levels of government, to some degree, face resource constraints and use management information systems that were not designed to accommodate Recovery Act reporting requirements.
ISSN:1533-1385