The White House

Office of the Vice President

Statement by Vice President Biden on Congressional Budget Office Report on Recovery Act Employment Impact

“This new report from the Congressional Budget Office is further evidence of what private forecasters and government economists have been saying: the Recovery Act is already responsible for more than 1 million jobs nationwide.  From independent economists to Congress’s own nonpartisan research body, the experts have spoken and the debate is no longer whether the Recovery Act is creating and saving jobs, but how we provide even more opportunities to drive growth and support American workers.  This early progress less than halfway through the program is encouraging, but we’re just getting started.  In the coming months, we’ll break ground on thousands of infrastructure projects, launch multi-billion dollar broadband and high speed rail initiatives and make critical investments in our nation’s schools and businesses through the Recovery Act that will help put America back to work and lay a foundation for long-term economic growth.”

The CBO report can be viewed online at:  http://cbo.gov/ftpdocs/106xx/doc10682/11-30-ARRA.pdf

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