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American Recovery and Reinvestment Act

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This powerpoint is making a brief overview of the American Recovery and Reinvestment Act (ARRA) and how it effects Education.

This powerpoint is making a brief overview of the American Recovery and Reinvestment Act (ARRA) and how it effects Education.

Published in: Business, Economy & Finance

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  • 1. The American Recovery and Reinvestment Act
    By: Apollo Schuch
  • 2. Introduction to the American Recovery and Reinvestment Act
    American Recovery and Reinvestment Act (ARRA)
    Passed on February 13, 2009 by the 111th US Congress
    Signed on February 17, 2009 by President Barack Obama
    Proposed by President Barack Obama (The Act)
    Author: U.S. Senate Office of Tom Coburn
  • 3. The Importance of the ARRA
    The American Recovery and Reinvestment Act
    Proposed to help with current economic crisis
    The Act is designed to create jobs, jumpstart growth in economy, turn economy for competition in 21st century. (Berger, B. T., & Gaffney, S)
  • 4. What is the ARRA?
    Economic Stimulus package
    Directed to respond to the economic crisis with three goals in mind:
    The creation of new jobs
    Stimulation of the Economy
    “Foster unprecedented levels of accountability and transparency in government spending”(The Act)
    Intended to relieve stress on the U.S Economy due to the economic downfall. (The Act)
  • 5. What is the ARRA? cont.
    To achieve goals:
    Tax cuts and benefits
    Increase in education and health care funds
    Federal contracts, grants and loans
    Public records of stimulus spending (The Act)
  • 6. What is the ARRA? cont.
    ARRA was signed for the amount of $787 billion.
    The funds are distributed through a series of loans and grants
    Funds used for multiple things like:
    Education
    Technology
    Energy
    And more… (Berger, B. T., & Gaffney, S. )
  • 7. What is the ARRA? cont.
    Some specific uses for the ARRA funds
    Financial Aid directly to local school districts
    Expansion of Child Tax Credit
    Computerized health records
    Creation/Retention of jobs (Berger, B. T., & Gaffney, S)
  • 8. The Impact of the ARRA on K-12 Education
    Increase in funds in local school districts
    Helps fund programs
    Extra-curricular and Curricular programs
    Better equipment and books
    More staff (Berger, B. T., & Gaffney, S)
    Author: strngwrldfrwl
  • 9. The Impact of the ARRA on K-12 Education cont.
    Increase in technological advances
    More computers
    Up to date programs and systems
    Interactive and explorative (Berger, B. T., & Gaffney, S )
    Author: Piotrus
  • 10. What actions are being taken to implement ARRA in schools?
    More grant opportunities for schools
    Teachers use funds for many things
    Technological advancements
    Up to date textbooks
    Fieldtrips
    Lab materials and equipment
  • 11. Possible future problems
    Distribution of funds
    Will the money go where it actually needs to?
    Who decides where the funds really belong?
    Author: SodaHead
  • 12. Conclusion
    Stimulation of the economy
    Creation of jobs
    Better the quality of schools
    Better the quality and efficiency of everyday life
  • 13. References
    Berger, B. T., & Gaffney, S. (April 2009). President Signs Stimulus Package. Government Finance Review. 25(2), 60-5.
    Piotrus. (2007, March 20). File:pitt wwph2 comuter lab.jpg. Retrieved from http://commons.wikimedia.org/wiki/File:Pitt_WWPH2_comuter_la b.JPG
    Recovery.gov (2009). The Act . Retrieved from http://www.recovery.gov/About/Pages/The_Act.aspx
    Recovery.gov. (2009). Track the money. Retrieved from http://www.recovery.gov/Pages/home.aspx
  • 14. References cont.
    SodaHead. (2009). Shouldn't we have the most intelligent people in the country fix the economy?. Retrieved from http://www.sodahead.com/business/shouldnt-we- have-the-most-intelligent-people-in-the-country-fix-the-economy/question- 251496/?link=ibaf
    State of Michigan. (2009). Building MI Future: Michigan Recovery and Reinvestment Plan. Retrieved from http://www.michigan.gov/recovery
    strngwrldfrwl. (2001, April 03). File:classroom 843785861.jpg. Retrieved from http://commons.wikimedia.org/wiki/File:Classroom_843785861.jpg
    The Economic Stimulus Bill. (April 2009). Government Finance Review. 25(2), 4-5.
    U.S. Senate Office of Tom Coburn.(2006). File:coburn and obama discuss s. 2590.jpg. Retrieved from http://en.wikipedia.org/wiki/File:Coburn_and_Obama_discuss_S._2590.jpg

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