The Congressional Budget Office (CBO) reports that only 7% of the stimulus spending in the House-passed American Recovery and Reinvestment Act (approx. $358 billion of the total) will be spent this year. By the end of 2010, only 38% will be spent. And by the end of 2011 only 67% will be spent. Including both tax cuts and stimulus checks, only one fifth of the total package will be spent in 2009.
For complete story: sp_Stimulus_or_Pork_Web.pdf