A state of recovery? Arizona edition.

July 27, 2010

In preparation for Vice President Biden’s visit today to Grand Canyon National Park in Arizona to discuss the American Recovery and Reinvestment Act (aka the “stimulus”) and Washington’s plan for the road ahead, below are some facts to consider:

Arizona’s share of the $862-billion “stimulus” bill awarded: $4,275,180,000
(=2.1% of the $202 billion that has already been given to states).

Arizona’s share of population = 2.1%

Arizona’s unemployment rate was 8.3% when the “stimulus” was enacted in February 2009; today it is 9.6%.

Arizona’s 9.6% unemployment rate is higher than the national average of 9.5%.

Arizona lost 80,300 jobs between February 2009 when the “stimulus” was enacted and June 2010.

For FY2011, Arizona’s estimated budget shortfall is $3.1 billion, as of 7/15/2010.

Arizona’s number of foreclosed homes was 18,119 when the “stimulus” was enacted; today that number has fallen to 14,424.

Example of “stimulus” spending:

Half a million dollars went to Arizona State University to study the genetic makeup of ants. University Of Arizona received $450,000 to study the division of labor in ant colonies.

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