The New York Times reported this morning that only 6 percent of the stimulus package has been spent so far. The Washington Times provides a useful update this afternoon:
The White House on Wednesday moved the goalposts for judging success of President Obama’s stimulus spending bill, saying they now want to have 70 percent of the money spent before 2011 – three months later, and 5 percent less, than the goal they set out during the congressional debate over the stimulus bill.
If we still need 30 percent of the stimulus in January 2011, we could be in a lot more trouble than anyone thinks.