Can we spend our way out of this recession?

People all across America are arguing about what steps need to be taken to solve our economic crisis. President Obama has taken a very unique approach to fix our economic problems, and that is to spend his way out of this recession. Many people are wondering why in the world we are spending ridiculous sums of money when our economy is going down the drain. If a family is having monetary troubles, shouldn't they be saving rather than spending? Shouldn't a country with monetary problems be saving rather than spending? This question could be debated by radicals on each side without ever coming to a conclusion of what the best way is to get out of the recession that we are currently in. It is clear where President Obama and his economic advisers stand on this issue. While many ask where the money is going to come from and what this will mean for future generations, President Obama has stressed the importance of acting now and acting fast. Aside from spending money to do things like create jobs and get our educational system back on track, and making long term investments in energy, what else do you propose be done about America's current economic crisis? It is easy to find blame, but hard to find solutions. Below is a summary of what/where President Obama is spending America's stimulus dollars.

The stimulus plan that is currently underway in the United States divides $789.2 billion dollars between spending (24%), aid (38%), and tax cuts (38%). Spending will go to modernizing our electric grid, energy efficiency, road and bridge construction/modernization, grants/loans for water infrastructure and food prevention, equipping schools with 21st century classrooms/labs/libraries, etc. Aid will come in the form of helping local school districts balance their educational budgets, temporary increase in federal funding for Medicaid to states, increases in student aid, extra grants for colleges work-study programs, extending jobless benefits, etc. And finally tax cuts will come in the form of helping workers who earn less than $75,000/year (married couples $150,000) get payroll tax credits, increasing tax credits to first time homeowners buying between April 2008 and June 2009, etc. (Wall Street Journal Friday, February 13 2009)