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Stimulus
Stimulus

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AIR DATE: September 16, 2010

Nevada has received more than $750,000,000 of the 1.7 billion dollars awarded to it in the American Recovery and Reinvestment Act of 2009 - the president's stimulus program. The biggest piece of the pie has gone to southern Nevada with most of the money going to the Clark County School System, higher education and roadways and transit. Does all those millions equate to jobs? We hear from reporter Michael Grunwald who recently asked the question "is the stimulus working" in his TIME Magazine article. We also speak with CATO Institute budget analyst Tad DeHaven who argues the federal stimulus program is wrong-headed. And Steven Brown from UNLV's Center for Business and Economic Research, talks about how much of a shot in the arm the federal stimulus might be for Nevada's new green economy.

GUESTS
Michael Grunwald, columnist, TIME Magazine
Tad DeHaven, budget analyst, the CATO Institute
Steven Brown, Dir, CBER, UNLV

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COMMENTS:
Ask Mr. KATO if he has heard of the Rural Electrification Administration (REA) of 1935. It brought electricity to 6.3 million American Farms because the private electrical companies and states refused to do it.
CraigSep 13, 2010 09:43:25 AM
Federal subsidies for solar are only trying to level the playing field. The Nuclear industry receives more public money per MwH produced than any energy industry. The fossil fuel industry isn't far behind. Given the fact that once built, a solar or wind plant requires no fuel, the up-front subsidy seems like a good public investment, especially in view of the national security aspect of being energy independent.
David ComarowSep 13, 2010 09:42:30 AM
Without the stimulus, our small business would have had to shut down. Our local city government received funds for local projects which put us to work. We are ready to begin work on a Federal building being constructed in our city limits. Construction of solar facilities within our city limits has provided significant work for our company. No doubt. We would have been forced to close without the stimulus.
Barbara WalshSep 13, 2010 09:41:03 AM
we have done fine getting the transportation money. We collected $168 per capita against the national average of $158.
CraigSep 13, 2010 09:24:37 AM
We have historically been near the bottom in federal funding returned to the state. Why? Because the federal government requires states to pony up matching funds and Nevada won't, leaving lots of federal money on the table. That's Nevada!

Eighty percent of the difference in what we get back from the government and the national average is that Medicaid gap. Because we are one of the cheapest states with giving out Medicaid, we loose a lot of federal funding.

Thank the Republican State legislators.

CraigSep 13, 2010 09:20:26 AM
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