Stimulus plan offers long and short term spending

Nearly two-thirds of the federal economic stimulus plan will make its way into the economy by 2010, according to a recent report.

Various media reports cited information from the Congressional Budget Office showing that about two-thirds of the economic stimulus plan making its way through Congress would be spent by the end of fiscal year 2010.

In the short term, the tax cuts in the stimulus package may account for a good portion of the spending. The Washington Post cited CBO analysis which found that less than half of the money budgeted for infrastructure projects would be spent by late 2010, out of a total of $356 billion.

"Throughout the federal government, spending