What does close to a trillion dollars in stimulus spending get you? Not much says the Boston Globe. The paper is reporting that “the stimulus fund job benefits are wildly exaggerated.”
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started.
The Globe’s finding is based on the federal government’s just-released accounts of stimulus spending at the end of October. It lists the nearly $4 billion in stimulus awards made to an array of Massachusetts government agencies, universities, hospitals, private businesses, and nonprofit organizations, and notes how many jobs each created or saved.
But in interviews with recipients, the Globe found that several openly acknowledged creating far fewer jobs than they have been credited for.
It’s a good thing that we hired a stimulus czar in Massachusetts to make sure we are reporting accurate numbers.