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.

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American Recovery and Reinvestment Act

  1. 1. The American Recovery and Reinvestment Act<br />By: Apollo Schuch<br />
  2. 2. Introduction to the American Recovery and Reinvestment Act<br />American Recovery and Reinvestment Act (ARRA)<br />Passed on February 13, 2009 by the 111th US Congress<br />Signed on February 17, 2009 by President Barack Obama<br />Proposed by President Barack Obama (The Act)<br /> Author: U.S. Senate Office of Tom Coburn<br />
  3. 3. The Importance of the ARRA<br />The American Recovery and Reinvestment Act<br />Proposed to help with current economic crisis<br />The Act is designed to create jobs, jumpstart growth in economy, turn economy for competition in 21st century. (Berger, B. T., & Gaffney, S)<br />
  4. 4. What is the ARRA?<br />Economic Stimulus package<br />Directed to respond to the economic crisis with three goals in mind:<br />The creation of new jobs<br />Stimulation of the Economy<br />“Foster unprecedented levels of accountability and transparency in government spending”(The Act)<br />Intended to relieve stress on the U.S Economy due to the economic downfall. (The Act)<br />
  5. 5. What is the ARRA? cont.<br />To achieve goals:<br />Tax cuts and benefits<br />Increase in education and health care funds<br />Federal contracts, grants and loans<br />Public records of stimulus spending (The Act)<br />
  6. 6. What is the ARRA? cont.<br />ARRA was signed for the amount of $787 billion. <br />The funds are distributed through a series of loans and grants<br />Funds used for multiple things like:<br />Education<br />Technology<br />Energy<br />And more… (Berger, B. T., & Gaffney, S. )<br />
  7. 7. What is the ARRA? cont.<br />Some specific uses for the ARRA funds<br />Financial Aid directly to local school districts<br />Expansion of Child Tax Credit<br />Computerized health records<br />Creation/Retention of jobs (Berger, B. T., & Gaffney, S)<br />
  8. 8. The Impact of the ARRA on K-12 Education<br />Increase in funds in local school districts <br />Helps fund programs <br />Extra-curricular and Curricular programs<br />Better equipment and books<br />More staff (Berger, B. T., & Gaffney, S)<br /> Author: strngwrldfrwl<br />
  9. 9. The Impact of the ARRA on K-12 Education cont.<br />Increase in technological advances<br />More computers<br />Up to date programs and systems<br />Interactive and explorative (Berger, B. T., & Gaffney, S )<br /> Author: Piotrus<br />
  10. 10. What actions are being taken to implement ARRA in schools?<br />More grant opportunities for schools<br />Teachers use funds for many things<br />Technological advancements<br />Up to date textbooks<br />Fieldtrips<br />Lab materials and equipment <br />
  11. 11. Possible future problems<br />Distribution of funds<br />Will the money go where it actually needs to? <br />Who decides where the funds really belong?<br />Author: SodaHead<br />
  12. 12. Conclusion<br />Stimulation of the economy<br />Creation of jobs <br />Better the quality of schools<br />Better the quality and efficiency of everyday life<br />
  13. 13. References<br />Berger, B. T., & Gaffney, S. (April 2009). President Signs Stimulus Package. Government Finance Review. 25(2), 60-5.<br />Piotrus. (2007, March 20). File:pitt wwph2 comuter lab.jpg. Retrieved from http://commons.wikimedia.org/wiki/File:Pitt_WWPH2_comuter_la b.JPG <br />Recovery.gov (2009). The Act . Retrieved from http://www.recovery.gov/About/Pages/The_Act.aspx<br />Recovery.gov. (2009). Track the money. Retrieved from http://www.recovery.gov/Pages/home.aspx<br />
  14. 14. References cont.<br />SodaHead. (2009). Shouldn&apos;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<br />State of Michigan. (2009). Building MI Future: Michigan Recovery and Reinvestment Plan. Retrieved from http://www.michigan.gov/recovery<br />strngwrldfrwl. (2001, April 03). File:classroom 843785861.jpg. Retrieved from http://commons.wikimedia.org/wiki/File:Classroom_843785861.jpg<br />The Economic Stimulus Bill. (April 2009). Government Finance Review. 25(2), 4-5. <br />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<br />

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